JB Hi-Fi CEO Terry Smart has used the company's AGM to talk up the strength of the company's Home stores. The appliance store network, first launched as a "trial" last December, will include 16 stores by Christmas with plenty more to come.
JB Hi-Fi has set an ambitious goal for its JB Hi-Fi Home store concept, announcing that there is the potential to grow the number of stores in Australia to 50 within the next three years
JB Hi-Fi's positive sales and net profit result for the 2013 financial year came despite down-trend pressure on shopping centre-based stores, which are being hit hard by the current lows in consumer confidence.
The eight new JB Home stores are turning over around $3 million each per annum and JB Hi-Fi plans to convert 10 more outlets into JB Home stores during FY2014, with a target of 50 by the middle of 2016.
JB Hi-Fi and CatchOfTheDay have been named the most popular retailers on Facebook.
JB Hi-Fi has issued an update on its sales and net profit guidance for the 2013 financial year.
Across the board in 140 characters.
JB Hi-Fi reported it made a net profit of $82.1 million for the first half of the 2013 financial year.
B Hi-Fi has launched its new JB Hi-Fi Home website.
Broadway Shopping Centre has welcomed the launch of JB Hi-Fi to its centre.
JB Hi-Fi has announced plans to take its low cost way of doing business into the whitegoods sector.
CEO Terry Smart discussed the strong performance of the retailer despite challenging economic conditions.
JB Hi-Fi continues to invest in the Commercial Market with the appointment of Nick Ebbeck as commercial sales manager of Australia and New Zealand.
Choice recently conducted a Shadow Shopper survey for the top ten retailers in Australia to see how their customer service skills stack up against one another.
As part of the company's strategy to grow itself in the commercial market, JB Hi-Fi has further expanded in the Musical Instrument (MI) market, with the addition of a team of MI education specialists to service the education market in Australia.
Although JB Hi-Fi's online sales are "important" to the retailer, they still equate for only 1.6 per cent of all sales turnover, according to CEO Terry Smar
The Good Guys has picked up Canstar Blue's award for most satisfied customers for the second year running, following a consumer poll that compared electronics retailers and tracked customer interactions with Australia’s leading stores.
JB Hi Fi is moving into B2B Telecommunications with the appointment of Tony Nikolovski as B2B Telecommunications manager.
JB Hi-Fi has reported record sales of $3.13 billion for 2012 financial year and a full year net profit after tax of $104.6 million, in line with previous guidance.
The company that has made a $1.65 billion takeover bid for David Jones has been revealed by a UK blog site as EB Private Equity.
MasterCard is simplifying shopping both in-store and online with the launch of PayPass Wallet Services where JB Hi-Fi has become one of the first merchant partners to incorporate the technology into their system.
Following JB Hi-Fi's profit downgrade last week, a leading industry analyst has said that the company's weaker than expected profit forecasts were the result of market-wide discounting, led by Harvey Norman.
JB Hi-Fi has announced that it expects its annual sales results for the 2011-12 financial year will be in line with forecasts, predicting sales of $3.1 billion for the year following a strong January-March quarter.
JB Hi Fi's Patrick Elliot will retire from his position as chairman of the board and as a non-executive director on 31 May 2012.
JB Hi-Fi has greatly expanded its musical instruments range, which is being sold in selected stores in four states of Australia.
Following the buyout of Pacific Brands recently by a US-based private broker, Deutsche Bank has highlighted that Harvey Norman and David Jones are the next probable takeover targets.
Despite numerous reports that JB Hi-Fi is one of few large Australian retailers that are bucking the trend, it too is also now admitting to feeling the pressure of the struggling retail sector.
Electrical retailer JB Hi-Fi has begun selling imported branded photography products from Asia through its online store.
JB Hi-Fi held its annual general meeting today, with company chairman Patrick Elliott and CEO Terry Smart discussing the retailer’s successes over the past year.
The company expects its sales results in the financial year circa to be $3.2 billion despite reporting that comparable store sales growth was a negative 1.2 per cent for the financial year of 2011.
Online sales will soon take a larger share of retail growth in Australia according to research from investment firm Morgan Stanley.
JB Hi-Fi will advance its in store point of sale system by integrating it with its online payment processing system, which is delivered by financial services company ThinkSmart.
According to the 2011 Corporate Reputation Index, compiled by research consultancy AMR, JB Hi-Fi is viewed by Australians as having the best overall reputation based on strong perceptions around its products and innovation.
According to JB Hi-Fi, this move is necessary following "several years of disappointing returns" and advised that there would be "further deterioration in 2011 half year sales and earnings".
As indicated when Uechtritz resigned as CEO of the company in February that he intended to rejoin the board in early 2011. Joining him in the position as non-executive director will be Beth Laughton.
The company has reached a record half year net profit of $87.9 million from $1,683 billion of sales for the six months ending 31 December 2010, with total sales up by 8.3 per cent.
JB Hi-Fi has joined the retailer bandwagon offering MasterCard PayPass at its stores in the lead up to Christmas.
The overall strength of the economy, low levels of unemployment and a strong product assortment should underpin a successful Christmas trading period, company CEO Terry Smart said.
JB Hi-Fi will have first rights to sell an interesting new external storage solution from Japanese tech specialists Hitachi.
Although the 2010 World Cup Soccer has improved panel sales at a retail level, the increase has not been as dramatic or as significant as other major sporting events, such as the 2008 Beijing Olympics.
Australian home entertainment retailer JB Hi-Fi has the strongest corporate reputation and is viewed more positively by Australians than some of our largest companies, according to the 2010 Corporate Reputation Index.
Costco Australia is set to open up to six new stores in the next three years, if directions from the company's head office are acted on.
JB Hi-Fi Limited has announced a record half yearly net profit of $76 million from $1.554 billion in sales for the six month period ending 31 December 2009.
JB Hi-Fi was the big winner at the annual Channel Partners Conference this week, where it was awarded the 2009 Telstra Pinnacle Dealer Channel Partner of the Year, the 2009 National Media Award and the National Retail Award.
JB Hi-Fi has just released its financial expectations for the 2009 financial year and has outlined that its profit forecast for the full year is sitting at $92 million, a 41 per cent increase.