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JB-HiFi annual reports sheds light on entertainment growth in AU

JB-HiFi annual reports sheds light on entertainment growth in AU

Strong online growth and an increase in hardware and service sales are revealed in JB-HiFi’s annual report for 2017.

With consumers being offered the largest range of entertainment products and services to date, while at a time where convenience and affordability are key; unsurprisingly JB-HiFi has seen incredible growth in online sales, stating growth of 38.4% to a total of $158.9 million or 3.8% of total sales.

Business Insider noted that despite the fact that software (movies, music, and games) sales were down 8.5% and on a comparable basis were down 11.2% as a result of an acceleration in the decline in sales of Movies, the decline was partially offset by the growth in the games software category.

You can find the full JB Hi-Fi annual report here.

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