Harvey Norman Holdings Ltd chairman Gerry Harvey said the retailer's sales were "not great", the Townsville Bulletin reported.

However, new acquisition Rebel Sport performed well, with sales up eight per cent so far this financial year.

"In Harvey Norman our sales are okay but they are not great," Mr Harvey said after Rebel Sport's annual general meeting.

"It will be interesting to see what our July-August-September sales are - they will be okay but they are not going to be wonderful."

Harvey Norman's like-for-like sales rose by only 2.7 per cent in the year to June 30, 2001 with the group impacted by the "terrible" retail climate.

Excluding wholesale sales tax, sales were up 10.4 per cent to $2.507bn.

Rebel Sport yesterday revealed its sales revenue had increased by eight per cent to $68m for the past four months of its financial year.

Harvey Norman now holds 55 per cent of sporting goods chain Rebel Sport, successfully completing its takeover bid on July 25.


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