Menu
Local JB Hifi expansion to continue

Local JB Hifi expansion to continue

Retailer JB Hifi plans to open three more stores in New Zealand during its 2011 financial year (which began last month), on the back of improved trading here.

The company says trade from its ten current New Zealand stores has improved as its increases scale and buying power and grows brand recognition.

The JB Hifi Group also has 131 stores in Australia.

For the 12 months to 30 June, the group reported a 26 percent increase in its full year net profit, to A$118.7 million. Its sales rose 17 percent year on year, to reach $2.73 billion.

It opened 23 stores in its 2010 financial year, the largest number is has opened in any year.

It expects to open 18 new stores in its 2011 financial year across Australia and New Zealand.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags JB HiFi

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments