Executive chairman of Harvey Norman, Gerry Harvey, has warned that Australia’s retail recession will deepen with more store closures on the way:
Speaking after the release of Harvey Norman’s latest results, Harvey told news.com.au there are more retail collapses on the way, and they will likely include smaller businesses.
“The main ones have probably gone now, there will be more but they might be smaller ones, although I don’t know of any that are having a really big problem,” he said.
