Harvey Norman to open online store

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Jun 1st 2011, 4:32 pm

#76

Amazulu

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Re: Harvey Norman to open online store

Quote:

Originally Posted by Swerv-o

Yup just read that myself. Unable to find a buyer. I wonder if the government realises that it's actions in protecting a small number of local publishers will likely kill off the book retail market in Australia.

No doubt we will get another raft of protectionist measures to prop it up for a bit longer...

S

That explains part of the story, but not all. The company was badly managed, expanded too quickly financed by debt and they cannot compete with the internet (they are struggling in the US too, another company I know).

Jun 1st 2011, 5:11 pm

#77

moneypenny20

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Re: Harvey Norman to open online store

Quote:

Originally Posted by bcworld

And there go the rest of the Borders stores...

http://www.news.com.au/business/bord...-1226067905213

I was in one today, lured in by giant signs saying 30% off. Thought I might bag a bargain. Still way more expensive than I'm prepared to pay and judging by the relatively few people in there, I'd say I wasn't alone. And they wonder why they're going (gone) broke.

Jun 1st 2011, 5:17 pm

#78

bcworld

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Re: Harvey Norman to open online store

Quote:

Originally Posted by moneypenny20

I wouldn't get too excited about their going out of business sale...at our local one it was a bit like a Next sale, crap appeared on the shelves that wasn't normally there. It was more like Bargain Books than Borders!

The huge Borders store on Chapel St, South Yarra is being taken over by a Target concept store...'Urban by Target'...Target on Chapel St! Whatever next!