JB Hi-Fi

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

JB Hi-Fi Ltd
Public
Traded asASXJBH
IndustryRetail
FoundedKeilor East, Victoria, Australia (1974; 45 years ago)
FounderJohn Barbuto
HeadquartersMelbourne, Australia
Number of locations
303
Key people
ProductsConsumer goods
RevenueIncreaseA$4 billion (2016)
IncreaseA$221 million (2016)
IncreaseA$152 million (2016)
SubsidiariesThe Good Guys
Websitewww.jbhifi.com.au

JB Hi-Fi is an Australian-based retailer that sells and specialises in consumer goods. JB Hi-Fi has locations in Australia and New Zealand.

The company (which is publicly listed on the ASX) is based in Melbourne.

History[edit]

JB Hi-Fi store in Stockland Rockhampton Shopping Centre, Rockhampton, Queensland

JB Hi-Fi was established in the Melbourne suburb of Keilor East by John Barbuto in 1974.[1] Barbuto sold the business in 1983 to Richard Bouris, David Rodd, and Peter Caserta, who expanded JB Hi-Fi into a chain of ten stores in Melbourne and Sydney turning over $150 million by 2000, when they sold the majority of their holding to private equity. It was subsequently floated on the ASX in October 2003.[2]

As of August 2018, JB Hi-Fi is ranked as the equal 7th largest consumer electronics and home appliance retailer in the world.[3]

Acquisitions[edit]

In July 2004, JB Hi-Fi bought 70% of the Clive Anthonys chain in Queensland.[2]

On 13 December 2006, JB Hi-Fi acquired the Hill and Stewart chain of 11 electronics stores selling and operating in New Zealand for NZ$17.5 million (A$15.3 million).[4]

In October 2016 JB Hi-Fi struck a deal which acquired The Good Guys warehouses within Australia making the JB Hi-Fi group the largest electronics retailer in Australia spread between the two brands.[citation needed]

References[edit]

  1. ^ "About us". JB Hi-Fi. Retrieved 14 August 2017.
  2. ^ a b "About Us". JB Hi-Fi. 2002. Archived from the original on 16 February 2007. Retrieved 16 February 2007.
  3. ^ "How JB Hi-Fi moves up global retail ladder". Appliance Retailer. 20 August 2018. Retrieved 25 August 2018.
  4. ^ "JB Hi-Fi buys NZ chain for $15m". The Sydney Morning Herald – smh.com.au. 12 December 2006. Retrieved 7 July 2017.

External links[edit]