JB Hi-Fi online sales skyrocket to A$1.1B
Despite anticipating a weaker fourth quarter due to COVID restrictions, retailer JB Hi-Fi is expecting net annual profit to surge 67.4 per cent to A$506 million for FY21, ending 30 June.
Despite anticipating a weaker fourth quarter due to COVID restrictions, retailer JB Hi-Fi is expecting net annual profit to surge 67.4 per cent to A$506 million for FY21, ending 30 June.
After more than 18 years, JB Hi-Fi CEO Richard Murray has decided to leave the publicly listed retailer at the end of August to pursue a new role, with former chief Terry Smart stepping back into the fold.
JB Hi-Fi has seen a spike in total sales over the last three months as the coronavirus pandemic sees Australians rushing to set up home offices.
Kogan has conceded that it wasn’t doing well enough to resolve certain customer complaints earlier in the year but has since made improvements.
Android Enjoyed faces fresh warnings as electronics and IT retailers once again dominate the NSW Government's consumer complaints tally.
Amazon Web Services' Australian chief has dismissed suggestions local retailers will pull out of the company’s cloud services following the arrival of Amazon.com.au in the country.
Lenovo Australia has experienced recent issues with its transfer of rebates to some of its local retailers and distributors.
Total sales in Australia were grew by 10.9 per cent for the full year 2017 results, while New Zealand saw total sales down by 0.3 per cent.
Harvey Norman and Apple continue to top the NSW Fair Trading monthly consumer complaints register.
Apple, The Good Guys, Telstra and Android Enjoyed have been named among the the top 10 most complained about businesses in NSW during March.
The ACCC has stated it won’t oppose JB Hi-Fi’s proposed acquisition of the Good Guys Discount Warehouses and the Muir Finance company.
The Good Guys is taking another leap towards listing on the Australian Stock Exchange after appointing Credit Suisse, Goldman Sachs and UBS as joint lead managers to support its IPO.
JB HI-FI has confirmed it is in discussions with retail chain, The Good Guys, in relation to a proposed sale of The Good Guys business.
Consumer electronics retailer, JB Hi-Fi (JBH), has reported a revenue of $2.12 billion for its 2016 half-year results ending December 31, 2015. In a statement on the ASX, the company said its net profit after tax (NPAT) comes up to $95.2 million for the period, up from $88.5 million from the same time last year.
JB Hi-Fi (ASX:JBH) non-executive director, James King, will be stepping down from his position and retiring following the company’s annual general meeting on October 29.