JB Hi-Fi growth in NZ continues

JB Hi-Fi's New Zealand division now accounts for around 4% of total group sales. (Image: Supplied)

Mon, 12 Aug 2024

JB Hi-Fi's push to increase the size of its footprint in New Zealand has helped assuage a group-wide sales decline.At market open on Monday, the Australia-based technology retailer told the Australian Securities Exchange (ASX) that NZ sales grew 12.3% to $327.9 million in the year to June 30.The company reported sales across all divisions, which include JB Hi-Fi Australia and The Good Guys, declined 0.4% to A$9.6 billion (NZ$10.5b).The NZ sales boost is in large part due to the company opening five new stores – three standard and two...

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