Gerry Harvey dismisses Kogan with Harvey Norman’s 15.8% profit surge

By David Olsen · 27 August 2010 · Entrepreneur

Gerry Harvey's Big Win: Is Kogan's Warning Too Late?

Harvey Norman's profit surge has left one rival reeling. But what does this mean for the future of bricks and mortar retailing?

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Summary

Harvey Norman has announced a profit of $290.04 million, up 15.8 percent on last year, showing there is still life in bricks and mortar retailing and dismissing suggestions from rival Ruslan Kogan that Harvey Norman’s business model is dead.

Tags: Australia, Entrepreneur, Gerry Harvey, Harvey Norman, Online, Retail, Ruslan Kogan