A 4SquareMedia Website

SECTIONS
> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> CES
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
Accessories
Broadband & Web Hosting
Components
Desktop PCs
Industry
Memory
Microsoft Windows
Monitors And Screens
Notebooks & Tablets
Platforms
Printers & Multi-Function
Security & Support
Software
Storage
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
PRODUCT REVIEW
> Featured Reviews
SERVICES
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
SUBSCRIBE
> Subscribe to Newsletter
> Subscribe to Magazine



Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound





HOME OFFICE / INDUSTRY

JB Hi-Fi Sales Up 10% In Second Half

By Oonagh Reidy | Monday | 12/08/2013

JB Hi Fi sales were up 6% for the year ending July, however sales in the second half climbed 10% according to their latest ASX report.


Total sales hit $3.31bn for year end June 30 - up 5.8% on FY12. Second half sales rose over 10% - a good result amid reluctant consumer spending.  

FY 13 comparable sales rose 0.6%, although were up 3.2% in H2 amid improved growth,  JB said in a statement. 

Net profit (NPAT) also rose 11% to $116.4m.  

Gross margin improved 43bps to 21.5%. 

Earnings also up 11% to $177.8 m. 

Online sales rose 30% but still represent just 2% of total sales (FY12 1.6%) 

JB Hi-Fi's web traffic is growing rapidly- a whopping 1.15 million visitors visit its website every week - up 24%. 

The retailer says its mix of websites and bricks and mortar stores "give customers a choice on how they wish to shop." 

It plans to launch a new website in first half of next financial year FY14 with "improved search functionality and richer product information."

During the period, eight stores were converted in JB Home appliance stores, showing "positive" sales and no negative impact on existing electronics categories. 

It now plans to convert another 10 stores in JB Home and anticipates converting a total of 50 in the next three years, it said today.

This is no surprise considering appliance and white goods are one of the best performing categories in electronics at present.

CEO Terry Smart said positive sales momentum in H2 was "pleasing" and was a "solid overall result". 

The outlook for FY14 is positive - with the retailer forecasting a sales increase of 6-8%.  

"We have seen a good start to FY14 with the continuation of the positive comparable sales seen in the second half of FY13," he added.  

Smart also cited growth opportunities in FY14, with a "strong line up of new products" planned for H1, new store rollout and expansion of home appliances.  

July sales were up 8%, while comparable sales also showed improvement.  

JB plans to open 12 new stores in the FY14. Store count now stands at 176 for Australia and New Zealand. 13 new stores opened and three were shut.


Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section





LATEST REVIEWS
New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5




SMARTHOUSE NEWSLETTER
Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

ADVERTISE
SmartHouse
reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

LATEST ISSUE
Smarthouse's
Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...