Yes, Space is a furniture store format that is indeed owned by Harvey Norman.
Harvey Norman Holdings Ltd. operates a diverse portfolio of retail formats, with Space being one of its key ventures in the furniture retail sector. This strategic ownership allows Harvey Norman to cater to a broader range of consumer preferences and market segments within the home furnishings market.
Harvey Norman's Diverse Retail Formats
Harvey Norman is a prominent global retailer known for its extensive range of products across various categories. To capture different market segments and consumer needs, the company has developed and acquired several specialized retail brands. Space is one of these distinct formats, focusing entirely on furniture, which complements Harvey Norman's broader offerings in home goods.
Here's an overview of the primary retail formats under Harvey Norman Holdings Ltd.:
| Retail Format | Primary Focus |
|---|---|
| Harvey Norman | General retail, offering electronics, computers, furniture, bedding, and homewares. |
| Space | Dedicated furniture store format, designed to offer a specific retail experience focused solely on home furnishings. |
| Domayne | Upscale retail format for higher-end furniture, bedding, and homewares, targeting premium consumers. |
| Rebel Sport | Leading sports equipment and apparel chain, which was acquired by Harvey Norman in 2001, diversifying its retail portfolio. |
This multi-format strategy enables Harvey Norman to maintain a strong market presence by addressing various customer needs and price points across different retail categories, including specialized furniture offerings through its Space brand. The operation of Space as a distinct furniture store format, designed for comprehensive home furnishing solutions, underscores Harvey Norman's strategic depth in the retail sector.
