Gerry Harvey moves online despite “no history of making money from it.”
- 30th March
- Neha Kale 289
Harvey Norman will launch its online store in the next few weeks. However, Gerry Harvey is still dubious about the profitability of online retail, stating “there’s no history of anyone making money from it.”
Gerry Harvey of electronics giant Harvey Norman has announced plans to launch its online retail store within weeks. However, Harvey who famously led Australian retailers in a campaign for goods purchased at overseas online stores to incur GST, remains skeptical about the profitability of online retail.
“They’re kicking us on the internet at the moment but there’s no history of anyone making money on it,” he said in an interview with the Brisbane Times.
Harvey Norman operates 173 stores nationally, but until now its online presence has been limited to a product catalogue offering pricing and information but no e-commerce function.
Harvey has said the timing was right for an online venture even though this would steal sales from the chain’s bricks and mortar stores.
“By this time next year you’ll see Harvey Norman with a pretty sizeable internet presence. My heart’s beating very strongly on whether we make any money out of it,” he said.
Harvey’s move comes on the back of Myer’s foray into online retail, the much-maligned myfind.com.