The billionaire retailer mentioned he’d been pressured to promote “each cow” on each his properties within the area, citing the excessive prices of feeding them as a result of dry situations, saying it was the worst drought he’d seen within the final 20 years.
“I took the view that I simply need to promote the lot. And I’ve by no means accomplished that in 50 years,” he mentioned.
I took the view that I simply need to promote the lot. And I’ve by no means accomplished that in 50 years.
Harvey Norman founder Gerry Harvey
“When it rains I should purchase cattle again, however it will be very costly as a result of everybody will likely be wanting them. The value of cattle will undergo the roof.”
Prices for feeding Mr Harvey’s 500-odd horses have additionally doubled, he mentioned, although none of these had been offered as a result of poor situations.
Regardless of the unprecedented situations, the seasoned retailer mentioned he had “no concept” if the situations had been attributable to local weather change or not, explaining the controversy was greatest left to scientists.
“I discover it amusing when individuals who do not know begin telling individuals whether it is or is not [climate change]. You get the bloke on the street who talks as if he is aware of what he is speaking about, or an entertainer or politician will get up and begins spouting about it,” he mentioned.
“How would they know?”
However the poor situations didn’t detract from the Magic Tens of millions public sale, which ran from January eight to 14 and introduced in a “document” $190 million in gross sales, he mentioned.
Just like the public sale, Mr Harvey’s homegoods and electronics retailing empire has additionally averted important disruption from the bushfire disaster, although particular person shops at places resembling Batemans Bay and Nowra had been “severely impacted”, he mentioned.
“Whenever you take a look at the massive image of it, it isn’t important, however it is extremely important once you go into these cities with these affected shops,” he mentioned.
The massive sum of money being donated in the direction of bushfire appeals could have additionally diverted potential discretionary spending over the vacation interval, Mr Harvey mentioned, echoing related warnings from analysts last week.
“That is cash that they may have spent on shopping for a fridge or taking an abroad vacation or shopping for a brand new automotive or no matter. I believe that must be taken into consideration,” he mentioned.
Dominic Powell writes in regards to the retail trade for the Sydney Morning Herald and The Age.