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JB Hi-Fi was established in the Melbourne suburb of Keilor East by John Barbuto in 1974, selling music and specialist hi-fi equipment. [3] Barbuto sold the business in 1983 to Richard Bouris, David Rodd and Peter Caserta, who expanded JB Hi-Fi into a chain of ten stores in Melbourne and Sydney turning over $150 million by 2000, when they sold the majority of their holding to private equity.
The chain was purchased by JB Hi-Fi in 2006, to operate alongside its own network of stores. [4] [5] There were 11 Hill and Stewart branded stores in 2007. [3] Six Hill and Stewart stores were still operating in 2009. One was rebranded as JB Hi-Fi, three were closed in the latter half of 2009, and the final two were closed in early 2010. [6]
This is a list of notable past and present bricks and mortar retailers in New Zealand. Those marked in grey no longer operate. ... (1951–2006), JB Hi-fi (2006 ...
In 2010, competitor JB Hi-Fi was reported as interested in purchasing the chain for a reported sum of $750 million; however, the parties could not reach agreement and the deal was not finalised. It was also reported that both Wesfarmers and the US based Blackstone Group had expressed interest in purchasing the chain.
The new complex is a central retail hub, with JB Hi-Fi & Smiths City anchoring (there is space for another anchor and it was previously filled by H&J Smith). It opened on 5 September 1997 with the final development costs close to NZ$50 million.
Online sales made up NZ$150 million of their revenue – a rise of nearly 800% from just NZ$18.8 million in 2011, though still barely 0.56% of their total sales. While The Warehouse and Warehouse Stationery recorded strong profit growth, the Noel Leeming electronics store division reported a drop in profit of 43% (partly due to one-off ...
JB Hi-Fi has also released a limited special edition in Australia and New Zealand, which includes the DVD and a T-shirt, labeled as a "Collector's Edition". [41] Season Thirteen: June 9, 2014 [42] May 14, 2014 [43] 22: 11 15 15 MA15+ R13 This three-disc set includes all 22 episodes of Season 11.
In June 1990, Just Jeans launched its first store in New Zealand. [2] By January 1991, Just Jeans had 238 stores across Australia and New Zealand. [2] In April 1993, Just Jeans went public and the Kimberleys reduced their stake from 70 per cent to 58 per cent. [1] In December 1993, Just Jeans purchased Jay Jays for $4.5 million.