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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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Lachlan Colquhoun Tue, 26 Nov 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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New Zealand expansion spills red ink for JB Hi-Fi
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