Australia's JB Hi-Fi says Q1 profit up on last year
MELBOURNE, Oct 7 (Reuters) - Australian home electronics retailer JB Hi-Fi Ltd (JBH.AX: Quote, Profile, Research, Stock Buzz) said its sales and earnings for the first quarter were well up on the previous year, as consumers continue to spend on home entertainment goods despite a softer economy.
"Sales for the first quarter were on budget and earnings for July and August were ahead of budget, as margins remain solid combined with good cost control," the retailer said on Tuesday. The news contrasted with rival electrical retailer Harvey Norman Holdings Ltd (HVN.AX: Quote, Profile, Research, Stock Buzz), which warned last week of an 18 percent slide in profit for July and August affected by its Irish business. ($1=A$1.38) (Reporting by Victoria Thieberger)
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Consumer Goods / Retail Sourcing Recruiter
Details: ...knowledge and insights...Technology, Media, Consumer Goods, Retail, Industrials, and Energy industries...looking for a Consumer Goods/Retail Sourcing Recruiter. Responsibilities...
Brand Manager - CPG - Consumer Packaged Goods
Details: ...packaged goods, retailIf you are a...Manager - CPG - Consumer Packaged Goods position, and have a background...management, CPG, consumer packaged goods, retail and you are interested...
National Sales Representative
Details: ...television network and the position will...level, OR the food and consumer goods retail channels. **40...groundreaking introduction and takes experienced...
Director of US Stores - Fashion
Details: ...Florida for Luxury and Consumer Goods industries. Our...leader in fashion and is currently seeking...an experienced retail professional with...regular basis the retail stores network and the Territory...
Clinton joins Team Obama
