Harvey Norman Shuts Up Shops As Sales Take A Nose Dive
The latest two stores to be closed down due to poor sales include Joyce Mayne Albury a Harvey Norman franchised store and Joyce Mayne Rockhampton.
Albury Franchisee Gary Taylor is set to be retained by the Harvey Norman Holdings Limited Group.
Both stores are set to dump millions of dollars’ worth of stock into the Harvey Norman network as opposed to running a closing down sales, some of the stock is up to 12 months old.
Franchisee Gary Taylor told the Border Mail that it was a disappointing decision.
He said the company was trying to find jobs for about 30 staff at parent company Harvey Norman and several other businesses.
Joyce Mayne general manager Rahoul Pozniakov said all employees would receive their full entitlements.
“We’ve been really struggling to make a profit there for quite a while,” he said.
“We’ve been competing with very strong brands in the market like Harvey Norman, which is pretty difficult.
“The market has tightened and the decision has been made that it would be best to close the store rather than continue.
“The profitability just hasn’t been what we needed it to be.”
Joyce Mayne at Rockhampton would also close, Mr Pozniakov said.
Mr Taylor, who has been the Joyce Mayne franchisee in Albury for about nine months, said head office had made the decision to close the store.
Staff were told of the decision on Friday.
“It affects people in our business who I have massive respect for, and obviously it’s never pleasant,” Mr Taylor said.
“The nature of business is that sometimes tough decisions that hurt people have to be made.
“Our priority now is remove our display and stock that is off-range and stuff that we don’t necessarily want to absorb into other stores.
“The retail market, and especially discretionary spending retail, is a tough market at the best of times.”