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Jb Hi-Fi Company Background

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Background JB Hi-Fi Ltd. one of the fastest flourishing businesses of its kind, is involved in the retailing of consumer appliances and home electronic, thus specialising in the following products: • Consumer electronics • Mobile phones and accessories • Games • GPS and Car Audio • Consoles • Computers and Tablets • CDs and DVDs • Audio equipment and instruments It operates through Australia and New Zealand in the form of stand-alone destinations, shopping centre locations and online stores. Founded by John Barbuto in 1974, JB Hi Fi has its headquarters in Melbourne, Victoria (VIC) 3148. Eventually, JB Hi-Fi outspread into a chain of ten stores turning over $150 million by 2000 and later poised on the Australian Stock Exchange (ASX) in October …show more content…

JB Hi-Fi has control of its discount electrical superstores across Australia, except Tasmania, which are branded as JB Hi-Fi HOME. Goods sold include: • Consumer electronics • Whitegoods • Cooking appliances • Air-conditioning https://www.jbhifi.com.au/General/Corporate/Consumer-Matters/About-Us/ https://www.ibisworld.com.au/enterprisefull/default.aspx?entid=9961 Market, Market Share and Growth The two main segments which JB Hi-Fi deals with are Home appliances and Consumer Electronics. In the current market scenario, home appliances constitute 3% of the total market share, whereas, consumer electronics constitutes 19% of the total market share. According to IBISWorld, the domestic appliance retailing industry is expected to bring about $13.8 billion in revenue in 2016-17, with growth of 2.4% over the five years through …show more content…

http://www.afr.com/personal-finance/shares/which-household-consumer-goods-company-should-you-buy-jb-hifi-or-harvey-norman-20161021-gs7kd1 The Good Guys JB Hi-Fi has announced that it has entered a mandatory agreement to buy whitegoods retailer, The Good Guys, for $870 million, acquiring 100% of its privately-held competitors. The Good Guys Chief Executive, Michael Ford, will continue to run under JB Hi-Fi’s ownership, where in the acquisition is expected to be completed by this year or early next year. The acquisition will soar up JB Hi-Fi’s 19% share of the consumer electronics market up to 24%, beating Harvey Norman’s 15% share. The deal will also upgrade its annual sales from just under $4 billion to $6 billion. JB Hi-Fi will own nearly 300 stores in Australia and New Zealand after the purchase goes through, and increased scale of the JB Hi-Fi and Good Guys conglomerate's combined supply chains should translate to lower prices for consumers on popular electronics. The deal is expected to deliver the group synergies of $15 million to $20 million per annum after three years, excluding implementation

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