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

Mighty Ape’s profits rise in quarterly update
Retail

Mighty Ape’s profits rise in quarterly update

 This growth came despite gross sales falling 9.2% to $30.4m.

Staff reporters 26 Apr 2024
Website duplication scams haunt NZ retailers
Retail

Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024
Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024