Performance of JB-HI-FI in the Australian Market

Running head: BUSINESS MANAGEMENT
Business Management
March 20
2019

BUSINESS MANAGEMENT 1
Table of Contents
Introduction................................................................................................................................2
Performance of JB-HI-FI.......................................................................................................2
Outlook for Expansion...........................................................................................................2
Fear for JB-Hi-Fi....................................................................................................................3
Managing Threats...................................................................................................................4
Conclusion..................................................................................................................................4
References..................................................................................................................................6

BUSINESS MANAGEMENT 2
Introduction
The aim of this paper is to present the report to the board of JB-HI-Fi Company, regarding its
present performance in the market. The paper is majorly highlighting what the company is
doing and has achieved.
Performance of JB-HI-FI
JB-Hi-Fi is successfully maintaining its leading position in the Australian market as the
consumer goods retailer, specializing in Ultra HD Blu-rays, electrical home appliances,
mobiles phones, video games, Blu-rays, DVDs, CDs, mobiles phones, electronics/hardware,
and a number of Telstra services (IBIS World, 2018).
In 2017, JB-Hi-Fi aimed to increase its earnings and sales to more than 20% in the year 2018
in spite of treading up investment on technology, e-commerce, and staff to “future proof” its
operations ahead of expansion plan of Amazon. On the other side, Richard Murray the chief
executive of JB-Hi-Fi expected the sales of the group to increase around 21% to over $6.8
billion in the yearn 2018, reinforced by 6% growth of sales at JB-Hi-Fi stores (Mitchell,
2017).
With the analysis of the 2018 financial results, it could be observed that the full year profit of
the company has jumped 35% to around $233.2 million, compelled by home appliance and
consumer electronics sales. The total sales of the electronics retailer raised 21.8% to around
$6.9 billion. It is a little better than the anticipated outcomes, beating the $230 million profit
direction reflected by the company in May (Chau, 2018).