JB Hi-Fi New Zealand notes tentative start to 2020

By Dan Brunskill | Mon, 10 Feb 2020


JB Hi-Fi warned of a January sales slowdown on this side of the Tasman despite first-half results showing modest revenue growth at the discount consumer electronics chain.The ASX-listed retailer reported a 1.6 percent decline in sales through its 14 New Zealand stores, all of which have been open longer than 12 months, in January from the same month last year.Nevertheless, the retailer said it expects New Zealand sales of $240 million in the year ending June 30, 2020, compared to $236.2 million in 2019. The slow start to January followed t...