Cooler weather and cheaper prices blamed by Harvey Norman

Sales growth at retailer Harvey Norman was significantly lower in the Christmas spending period than its chief Gerry Harvey had predicted in late November. Harvey Norman said sales growth in the December 2004 half was 12.6 per cent, a bit more than half the 20 per cent forecast by the company’s chief. The company blamed the lower price point for top end items such as plasma screen televisions for the result, and the relatively cool weather that dampened demand for air conditioners.