electronics

Woolworths sells Dick Smith chain to buyout firm for $A20m

Thu 27 Sep 12

Private equity firm Anchorage Capital Partners buys consumer electronics chain, which has 325 stores on both sides of the Tasman.

TRACKING THE ECONOMY

Fri 27 Jan 12

JB Hi-Fi post record profits as Kiwi market stabilises

Mon 8 Feb 10 5

Electronics retailer JB Hi-Fi is seeing improving sales activity in the New Zealand market and plans to open more stores after posting a bumper first half profit, it was announced today.

The Australian company reported record half year profits for the six months ending December 31 of $A76 million up 29% on the previous year’s results of $A59 million.

Sales were up 23% from $A1.26 billion to $1.5 billion. JB Hi-Fi chief executive Richard Uechtritz said sales in December were solid across “almost all categories”.

JB Hi-Fi prowling for acquisitions

Thu 4 Dec 08

JB Hi-Fi is looking to take advantage of the recessionary environment to expand its business in 2009.

Chief executive Richard Uechtritz says that his company has struggled with all the traditional start-up problems but synergies are starting to come together and he thinks 2009 will be a big year for the brand.

“Everything’s been up this year – margins, sales, morale,” he says.

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