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JB-Hi Fi defies recession with 17 new stores

Electronics retailer JB Hi-Fi continues to defy the downturn, announcing plans to open 17 new stores across NSW.

JB Hi-Fi chief executive Patrick Elliott said over the next three years the electronics retailer would open 17 stores across Sydney, Albury and Wollongong.

JB Hi-Fi has faired well in the recession posting record profits in the 2008-09 financial year, as shoppers took full advantage of the Federal Government’s stimulus package.

Elliott said they have experienced “strong trading across all of our sectors.”

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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