JB on trend with ‘small indulgences’ purchases

Citi retail analyst Craig Woolford has told the media today that shoppers are willing to open their wallets and treat themselves to ‘small indulgences’ despite the negative news on consumer spending. He pointed to JB Hi-Fi as one electronics retailer who understood this trend.

94,000 FB shares impact on JB’s reputation

Within hours of James Milne being turned away from the Mt Omnaney JB Hi Fi store in Queensland on Monday, a Facebook post by his sister Victoria went viral with more than 48,000 shares by yesterday morning. Today the post has received 161,000 likes, 39,000 comments and 94,000 shares. Claire Moffat and Emily Bencic report.

How JB grew sales by 4.8%

The telco and fitness categories were strong performers in FY15 for JB Hi-Fi thanks to the Apple iPhone 6 and FitBit activity trackers, according to CEO Richard Murray. The small business tax incentive was a huge contributor to sales in these categories and the overall 4.8% growth in the company’s total sales. The computer, IT and home appliance category also performed well, while online sales skyrocketed by 16.9% for JB Hi-Fi (JB).