Basic Introduction

JB Hi-Fi is Australia's largest home entertainment retailer, offering a wide range of electronics and computer products, renowned for the lowest prices and excellent customer support.

origin

JB Hi-Fi was founded in 1974 and initially specialized in the sale of Hi-Fi equipment, but as the mainstream popularity of vinyl records declined, in 1991 JB Hi-Fi liquidated their entire vinyl stock and began offering dedicated CDs , becoming one of the first Australian music retailers to do so.

idea

Professional Hi-Fi and recorded music at Australia's lowest prices.

Development History

In July 2000 , JB Hi-Fi was acquired by private equity bankers and senior management with the aim of taking its successful model nationally.

In October 2003 , JB Hi-Fi was listed on the Australian Stock Exchange.

In July 2004 , JB acquired the Queensland Clive Anthony chain, which sells consumer electronics, white goods, cooking appliances and air conditioning.

In June 2007 , JB Hi-Fi became Australia's largest CD retailer, followed by sales of computer games, televisions and car stereos.

In the 2014 financial year, JB Hi-Fi 's online sales grew 13.9 per cent to $ 75 million, accounting for around 2.2 per cent of its total sales .

In November 2016 , after years of negotiations and approval from government regulators, JB Hi-Fi finally acquired Australian home appliance retail giant The Good Guys for A$ 870 million.

References