It has been a slow start to the financial year for consumer electronics retailer JB Hi-Fi with sales down on a year ago.
New chief executive Richard Murray said comparable sales to 26 October were down 2.1 percent between July and 26 October.
Mr Murray said the retailer expected to meet its previous guidance of AUD3.6 billion (USD3.19b) in total sales this financial year. Based on the forecast, JB Hi-Fi expects sales to rise 3.4 percent in 2014/15 compared to 5.3 percent last year.
(Source: The Sydney Morning Herald Online )