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JB Hi-Fi

#2328

Rank

$6.29B

Marketcap

AU Australia

Country

JB Hi-Fi
Leadership team

Mr. Terry David Smart (Group CEO & Exec. Director)

Mr. Nick Wells (Group CFO & Exec. Director)

Mr. Cameron Trainor (Managing Director of the JB Hi-Fi Bus.)

Products/ Services
Consumer Electronics, Retail, Video Games
Number of Employees
1,000 - 20,000
Headquarters
Gladstone, Queensland, Australia
Established
1974
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
JBH.AX
Social Media
URL
https://www.jbhifi.com.au
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. The company operates through three segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys. It provides computers, such as laptops, desktop PCs, iPads, tablets, eBook readers, monitors and projectors, printers and ink, storage devices, keyboards and mouse, computer accessories, as well as software, and home internet and wi-fi products; televisions; headphones, speakers, and audio devices; and smart home appliances. The company also offers mobile phones; gaming devices, such as Xbox, Nintendo, PlayStation, and PC and retro gaming devices; music and vinyl products; movies and TV shows; and collectibles and merchandise, including apparel, card and board games, and jigsaw puzzles. In addition, it provides content creator gears for vloggers and influences, game streamers, podcasters, and music producers and DJs; cameras; drones and e-scooters; and fitness, health, and wellbeing products, such as smart watches, fitness trackers, massagers, health monitors, air treatment devices, sleep solutions, smart drink bottles, as well as shavers and trimmers, and hair and oral care products. Further, the company offers home appliances consisting of washers and dryers, fridges and freezers, dishwashers, vacuuming and cleaning products, small kitchen appliances, microwaves, coffee and beverages machines and accessories, and heating, cooling, and air treatment products. Additionally, it provides information technology and consulting services. As of June 30, 2022, the company sold its products through branded retail store network comprising 199 JB Hi-Fi/JB Hi-Fi Home stores in Australia; 14 JB Hi-Fi stores in New Zealand; and 106 The Good Guys stores in Australia, as well as online. JB Hi-Fi Limited was founded in 1974 and is based in Southbank, Australia.
History

1974–1999

JB Hi-Fi was established in the Melbourne suburb of Keilor East by John Barbuto in 1974. 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.

2000–2009

In July 2004, JB Hi-Fi bought 70% of the Clive Anthonys chain in Queensland.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 . JB Hi-Fi later established stores under their own JB Hi-Fi brand in 2007, and closed all Hill and Stewart stores in 2010.

2010–2019

In 2010, there were 10 JB Hi-Fi in New Zealand. In 2011, there were 13.On 22 September 2015, a man with Down Syndrome was refused entry into a JB Hi-Fi store in Brisbane, Australia, after being confused for another person who had been banned from the store. The resulting media attention resulted in CEO Richard Murray publicly apologising to the family.On 13 September 2016, JB Hi-Fi announced its acquisition of The Good Guys, for $870 million, the acquisition resulted in JB Hi-Fi group enlarging its share of the Australian home appliances retail market to 29% and growing its share of the consumer electronics retail market to 24%.In August 2018, JB Hi-Fi was ranked as the equal 7th largest consumer electronics and home appliance retailer in the world.

2020–present

On 28 April 2021, it was announced that Richard Murray, JB Hi-Fi's CEO of seven years, would be leaving his role at the end of August to work alongside trader Solomon Lew at the latter's company Premier Investments. Terry Smart, the head of The Good Guys, was announced as Murray's replacement on the same day.

Mission
JB Hi-Fi’s mission is to provide customers with the best and most reliable products at the lowest possible prices from leading brand names and quality products.
Vision
JB Hi-Fi’s vision is to be the clear leader in consumer electronics, electrical home appliances and entertainment products in Australia and New Zealand.
Key Team

Mr. Biag Capasso (Managing Director of The Good Guys Bus.)

Mr. Timothy Edwards (Managing Director of New Zealand)

Mr. Doug Smith B.A., BA (Hons) (Company Sec.)

Recognition and Awards
JB Hi-Fi is proud to have won numerous awards, including: Customer Service Retailer of the Year 2018, Canon Retailer of the Year 2015, Best Buy Awards 2008 and many more.
References

https://en.wikipedia.org/wiki/JB_Hi-Fi

https://in.investing.com/equities/jb-hi-fi

https://finance.yahoo.com/quote/JBH.AX/profile?p=JBH.AX

https://www.crunchbase.com/organization/jb-hi-fi

https://companiesmarketcap.com/

https://www.jbhifi.com.au

JB Hi-Fi
Leadership team

Mr. Terry David Smart (Group CEO & Exec. Director)

Mr. Nick Wells (Group CFO & Exec. Director)

Mr. Cameron Trainor (Managing Director of the JB Hi-Fi Bus.)

Products/ Services
Consumer Electronics, Retail, Video Games
Number of Employees
1,000 - 20,000
Headquarters
Gladstone, Queensland, Australia
Established
1974
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
JBH.AX
Social Media
URL
https://www.jbhifi.com.au
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