New Zealand expansion spills red ink for JB Hi-Fi
The company opened its first new Kiwi stores in a decade, and has plans for five more in 2025.
In a tough market, the company says ‘strong retail execution is vital’.
The New Zealand expansion of ASX-listed retailer JB Hi-Fi is proving expensive for the company, with the domestic division posting a $6.8 million loss for the 2024 financial year.
While revenues were up 12.3% to $327.9m, the loss came as the company opened five new stores across New Zealand, two of
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