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.
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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