Tech retailer JB Hi-Fi to benefit from stimulus payment

By Jessica Stanic · 14 April 2009 · Locked

JB Hi-Fi to cash in on stimulus payments

Get ready for a tech spending spree as JB Hi-Fi expects a surge in sales from the government's $900 stimulus payments. But will this boost be enough to drive the retailer's growth?

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Summary

Technology retailer JB Hi-Fi Ltd has said it will benefit greatly from the government’s latest $900 stimulus payments, believing many younger consumers will spend their money on tech products to ‘treat themselves.’ JB Hi-Fi chief executive Richard Uechtritz believes that the younger generation will spend their payments on new products as many are not tied […]