JB Hi-Fi's NZ sales nudge higher as turnaround continues

JB Hi-Fi's NZ sales nudge higher as turnaround continues
Paul McBeth
By Paul McBeth Aug. 12 (BusinessDesk) - JB Hi-Fi's New Zealand sales nudged higher as the Australian discount consumer electronics retailer continued its turnaround plan for an underperforming Kiwi business.  The retailer's New Zealand sales increased 2 percent to $236.2 million in the year ended June 30, in line with the $240 million guidance it offered in February when it raised its forecast by $20 million. The Australian parent retained a conservative forecast for the coming year, predicting flat sales. JB H-Fi closed an unprofitabl...

More Retail

Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024
Warehouse pares back further amid NZ retail reckoning
Retail

Warehouse pares back further amid NZ retail reckoning

The Warehouse Group has announced it intends to drop TheMarket.com.

Gregor Thompson 20 Mar 2024