Munster Express Online

Electrical and Furniture retailer Harvey Norman has re-iterated its commitment to a long-term future in Irish business (including its Butlerstown outlet,) despite continued overall trading loss.

However, sales for the Australian company’s Republic of Ireland stores increased by 1.4 per cent to €127.22 million for the full year ended June 30th 2010, up from €125.42 million the previous year.

“It has been a very challenging year for us, but we’re holding our own in terms of market share, sales, and unit volumes,” said Blaine Callard, CEO of Harvey Norman’s Irish operations.

The company is also, where possible, seeking rent reductions from landlords.

“Some landlords are commercially minded, and some are still stuck in 2006,” said Mr Callard.

“Unless retailers can survive the slow grinding return to profitability, many ofthose centres will end up half closed. Job losses and tumbleweeds are all that will result if landlords cling to the status quo.”

A company statement read: “A drastic improvement in macroeconomic conditions in Ireland is required before the Irish operations can return for a profitable position. Strong roots have been established in the Irish market.

“The Harvey Norman brand is well-known in Ireland and is respected by both suppliers and customers.” The company currently employs almost 800 staff in Ireland.