Harvey Norman founder predicts AI-driven products will boost sales amid 45.7% pre-tax profit dip.

Harvey Norman founder Gerry Harvey expects artificial intelligence to drive sales growth as the company reports a 45.7% dip in pre-tax profit for the first half of its financial year. Harvey Norman's sales and profits have fallen, partly due to reduced consumer spending amid the cost-of-living crisis. However, Harvey is hopeful that new AI-driven products will entice more customers into stores.

February 29, 2024
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