Industry Description
The top competitors for JB Hi-Fi are many. They are mentioned chronologically[2]
Ultimate Electronics Incorporation with 2583 employees in its workforce and a turnover of $516 million
There are some mandatory standard code of conduct-
These industries help in setting standards for such firms in industry so that neither they nor the government gets to face any problem. The CCA helps in ensuring that the products provided by the company are not adulterated and that there is fair competition in the market. If anyone is guilty of misconduct, they are punished accordingly.[4] the ACL also ensures that there aren't any unfair contract terms of the law, guarantee the rights of consumers are managed or not etc[5].
Company Description
In the year 2018, they added another $1 billion in their pockets as the offset of hardware sales resulted in a decrease in software sales. The online hardware sales have the JB hi-Fi's communications, computers, audio, video game hardware and categories of drones. However, there was a dip in the sales of video games, music, movies etc in 2018. It was 10 per cent compared to 12 per cent in 2017.
Commercial and education solution business also gave in the revenue growth of JB Hi-Fi. It reached $500 million that year through its growth and strategies on acquisitions. The Good Guys business was not up to the mark as there were not much of home appliances sales[7].
In the financial year 2019, JB Hi-Fi Limited favoured the odds towards them by making a revenue of $7.1 billion. They exceeded their threshold of $7 billion in 2019 which they aimed in 2018.[8]
Productivity Commission. (2011). Economic structure and performance of the Australian retail industry. Productivity Commission Inquiry Report, 56, 1-433.
Saretta, J. (2020). JB Hi-Fi. Retrieved from https://www.zoominfo.com/c/jb-hi--fi-limited/20611336
Business. (2020). Retail and wholesale trade industry. Retrieved from https://www.business.gov.au/planning/industry-information/retail-and-wholesale-trade-industry#:~:text=The%20federal%20government%20agencies%20and,Competition%20%26%20Consumer%20Commission%20(ACCC)
Australian Competition and Consumer Commission. (2020). Legislation. Retrieved from https://www.accc.gov.au/about-us/australian-competition-consumer-commission/legislation#the-competition-and-consumer-act-2010
Australian Consumer Law. (2020). Retrieved from https://consumerlaw.gov.au/australian-consumer-law
IBIS World. (2019). JB Hi-Fi Limited - Premium Company Report Australia. Retrieved from https://www.ibisworld.com/au/company/jb-hi-fi-limited/9961/
Arboleda, N. (2018). JB Hi-Fi revenue up another $1 billion with strong hardware sales. Retrieved from https://www.crn.com.au/news/jb-hi-fi-revenue-up-another-1-billion-with-strong-hardware-sales-500096
Hughes, C. (2020). JB Hi-Fi limited total sales revenue in Australia FY 2015-2019. Retrieved from https://www.statista.com/statistics/1092516/australia-sales-revenue-of-jb-hi-fi-limited/
Market Screener. (2020). JB Hi-Fi Limited. Retrieved from https://www.marketscreener.com/quote/stock/JB-HI-FI-LIMITED-6496641/company/
[1] Productivity Commission. (2011). Economic structure and performance of the Australian retail industry. Productivity Commission Inquiry Report, 56, 1-433.
[2] Saretta, J. (2020). JB Hi-Fi. Retrieved from https://www.zoominfo.com/c/jb-hi--fi-limited/20611336
[3] Business. (2020). Retail and wholesale trade industry. Retrieved from https://www.business.gov.au/planning/industry-information/retail-and-wholesale-trade-industry#:~:text=The%20federal%20government%20agencies%20and,Competition%20%26%20Consumer%20Commission%20(ACCC)
[4] Australian Competition and Consumer Commission. (2020). Legislation. Retrieved from https://www.accc.gov.au/about-us/australian-competition-consumer-commission/legislation#the-competition-and-consumer-act-2010
[5] Australian Consumer Law. (2020). Retrieved from https://consumerlaw.gov.au/australian-consumer-law
[6] IBIS World. (2019). JB Hi-Fi Limited - Premium Company Report Australia. Retrieved from https://www.ibisworld.com/au/company/jb-hi-fi-limited/9961/
[7] Arboleda, N. (2018). JB Hi-Fi revenue up another $1 billion with strong hardware sales. Retrieved from https://www.crn.com.au/news/jb-hi-fi-revenue-up-another-1-billion-with-strong-hardware-sales-500096
[8] Hughes, C. (2020). JB Hi-Fi limited total sales revenue in Australia FY 2015-2019. Retrieved from https://www.statista.com/statistics/1092516/australia-sales-revenue-of-jb-hi-fi-limited/
[9] Market Screener. (2020). JB Hi-Fi Limited. Retrieved from https://www.marketscreener.com/quote/stock/JB-HI-FI-LIMITED-6496641/company/
Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Accounting and Finance Assignment Help
Get 24x7 instant assistance whenever you need.
Get affordable prices for your every assignment.
Assure you to deliver the assignment before the deadline
Get Plagiarism and AI content free Assignment
Get direct communication with experts immediately.
Get
500 Words Free
on your assignment today
It's Time To Find The Right Expert to Prepare Your Assignment!
Do not let assignment submission deadlines stress you out. Explore our professional assignment writing services with competitive rates today!
Secure Your Assignment!