Trans-Tasman retail JB Hi-Fi deficit local business as profitable by 2012, we expect.
Australia or New Zealand company consolidated revenue 17% year on year 2010 June 2... 73 billion net income to $ 26% to rise to $ 118. 7 and financial period was.
Compare store sales group 4.8%, consolidated gross profits just 1, over one year to 21.8% came. However, the company was a big disappointment in Australia, New Zealand earnings results at its recent annual meeting.
He gives New Zealand revenue numbers, but told Terry to smart CEO had seen here good news distributors, retailers comparison shop sales.
Performance, closed, remaining hills of January was affected, and Stuart are stored here. These are owned by the music baton.
"We still disappointment and achievements in New Zealand, however, continued to open store and getting our scale and get traction the. By New Zealand Lord mind you can earn some money first sees good comparative store sales, and "said smart.
"We can lose money, low income levels of performance and attracting the scale". Aspire smart expectations JB Hi-Fi is the end of June of the following positive results in the production of the next 2011 fiscal years will continue to run June.
"Only if the acquisition is the scale required. We saw our low-cost operator and we, have the ability to absorb some of the aggressive discounts "
He is pleased with local music baton built since 2007 brand awareness to add.
You can assume that model you can see in comparison shop increased New Zealand people and we are taking market share of some meaning flat market.
Retailer recently opened a new shop two island - Dunedin and Tauranga - and coming weeks Sylvia Park Mall opens in South Auckland. Opened in 2010, the company store Palmerston North, 2008, in its first year of operation of 12 JB Hi-Fi stores in the further opened on 12, 14 2009 was opened.
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