JB Hi-Fi NZ sales increase almost 20% as store roll-out continues

JB Hi-Fi 's total NZ sales grew 19.6% compared with the first quarter of last year. (Image: NZME)

Fri, 01 Nov 2024

JB Hi-Fi sales are rising rapidly as the technology retailer continues its store roll-out in New Zealand. Alongside its annual general meeting on Thursday, the company released a quarterly sales update for the three months to September 30. Total NZ sales grew 19.6% compared with the first quarter of last year and comparable sales, or same-store sales, grew 2.7%. This is compared with JB Hi-Fi Australia, which had 4.9% total sales growth and 5% comparative growth.New Zealand expansion In its annual report, released in Septemb...

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