OZB's Favourite Retail Head Got It Wrong (Again)

Extracted from the AFR - "Less than two weeks after billionaire retailer Gerry Harvey called the COVID-19 crisis an 'opportunity,' Harvey Norman has cancelled its interim dividend to preserve almost $150 million in cash"

This is the same dinosaur that proudly proclaimed that internet sales in Australia would be a passing fad and never catch on.

The guy is well past his use by date and should stick to racing his stable of horses.

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Harvey Norman
Harvey Norman

Comments

  • +4

    I’m sure he’ll cry himself to sleep in his mansion or yacht or whatever knowing some random on OzBargain called him out

    • +1

      No doubt, but some of OZB'ers need to stick together and express our opinions regardless of what he may think. It's called freedom of speech.

      • +1

        Whatever helps you sleep at night I suppose. There's always opportunity from adversity though.

      • +1

        freedom of speech

        We don't have that.
        That's USABargain

    • +1

      Ok Gerry.

  • +1

    It's like Trump saying things would resolve itself by Easter in the US. They're not so silly. They are putting on a bold front to their audience - not agreeing that this is appropriate.

    • Please provide the Trump quote you are referring to.

        • -4

          Thanks for the link.
          Here's my rough transcript of the relevant stuff.

          "I said earlier today I hope we could do this by Easter. I think that would be a great thing for our country. We are all working very hard to make that a reality. We will be meeting with a lot of people to see if it can be done. Easter is a very special day for many reasons, for me, for a lot of our friends, its a special day, and what a great timeline this would be. Easter is our timeline, what a great timeline that would be. My first priority is always the health and safety of the American people….
          I am also hopeful to have Americans working by that Easter, by that beautiful Easter day, but rest assured that every decision we make is grounded solely in the health, safety and well-being of our citizens. This is a medical crisis, it isn't a financial crisis…"

          Nowhere does Trump say that 'things would resolve themselves by Easter'. In fact he doesn't even say that people would be working or that things would be back to normal by Easter. Of course you wouldn't know that from reading the lying media or the misleading leftists.
          The President clearly said HE HOPED that things could be back to normal by Easter, that he was working to make that happen, but that he would do what was necessary for the health and well-being of the country.
          I hope that things are back to normal by Easter too - only the most vicious misanthropes would not hope for that. If only we could then move on to cure TDS.

    • +1

      The same Trump, who has spent years undermining experts, scientists, and trust in the government? You're giving that man too much credit.

  • Classic case of more dollars than sense

    • +1

      He's a billionaire. More sense than anyone on this website.

      • +1

        He's slipping though

        Last couple of years he's made some bad financial decisions

        • Well hes got a long way to slip till hes on our level Lol

      • If you mean 'cents' rather than 'sense', then you are right…

  • that internet sales in Australia would be a passing fad and never catch on.

    Harrumph.

    I still fax my orders to the local store.

    • fax

      Telegram to the General Store is where it’s at

      • Bro, are you too lazy to carrier pidgeon or what?

  • FU GERRY

  • Looks like the "opportunity" will be short lived.

  • +1

    Looks like he won't be able to race his horses for much longer either.

    Tasmania has banned horse and greyhound racing “effective immediately” in the latest wave of shutdowns intended to stop the spread of the coronavirus, while the racing industry in other states is quietly trying to make arrangements to house thousands of furloughed racehorses should the ban become national.

  • The financial results show that the dinosaur got it right about COVID-19 being an opportunity for Harvey Norman.

    Underlying Profit before Tax

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