JB Hi-Fi’s NZ growth strategy drives total sales
After a seven-year growth hiatus, JB Hi-Fi’s launch of three new stores helped buoy total sales in tough market environment.
The cost of doing business in Australia was much lower than in New Zealand.
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The opening of three new stores help drive JB Hi-Fi’s total sales growth in New Zealand by 5.1% to $168.7 million, even as comparable sales – which assess established stores sales success with previous comparable periods – fell by 1.2%.
Growth in online sales also contributed to total sales,
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