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Harris Technology (ASX:HT8) - CEO, Garrison Huang
CEO, Garrison Huang
Source: ARNet
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  • IT and electronic goods company Harris Technology (HT8) achieved $729,000 over Amazon Australia’s Black Friday and Cyber Monday trading period
  • Importantly, Black Friday and the Saturday broke the daily sales record in the company’s history
  • To put things into context, Amazon Australia’s average daily sales in November was $67,000 prior to the event
  • In light of this and of the upcoming Christmas and Boxing Day shopping season, Harris Tech has leased another warehouse
  • The extra space will allow it to hold more inventory required to meet the growing demand for its products
  • Harris Technology’s shares are down 4.88 per cent and are trading at 19.5 cents

Harris Technology (HT8) has reported exceptional sales figures for Amazon Australia’s Black Friday and Cyber Monday trading period.

In total, the online IT and electronic goods company racked up $729,000 over four days.

Broken down, Harris Tech reported $235,000 on November 27, $273,000 on the 28th, $103,000 on the 29th and $118,000 on November 30.

Importantly, Black Friday and the Saturday broke the daily sales record in the company’s history.

To put things into context, Amazon Australia’s average daily sales in November was $67,000 prior to the event.

Over the last year, Harris Technology’s business has rapidly grown. Based on that, and on the recent shopping frenzy, the company has leased another warehouse near its current facilities. This will enable it to hold the increased inventory required to meet the growing demand.

Additionally, the extra space will cater for the Christmas shopping season and the subsequent Boxing Day sales.

Furthermore, Harris Tech has hired a PC system specialist who will lead the launch of a new line of customised PC gaming systems. This aligns with the consumer stock’s focus on increasing its gaming product sales.

Harris Technology’s shares are down 4.88 per cent and are trading at 19.5 cents just after midday trade.

HT8 by the numbers
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