type public traded as asx jbh industry retail founded keilor east victoria australia 1974 ; 42 years ago headquarters level 4 office tower 2 chadstone shopping centre melbourne australia number of locations 194 135 jbhi fi stores 59 jbhi fi home stores key people greg richards chairman richard murray ceo products cds dvds blu ray discs video games hardware electronics & large home appliances . revenue a 4 billion 2016 operating income a 221 million 2016 profit a 152 million 2016 subsidiaries the good guys website www.jbhifi.com.au jb hi fi is an australian and new zealand retailer of consumer goods specialising in video games blu rays dvds cds electronics hardware and home appliances . it is one of the fastest growing and most successful businesses of its kind . jb hi fi s main competitors are harvey norman and the good guys as well as myer david jones and target australia . the company which is publicly listed on the asx has its head office at chadstone shopping centre in melbourne . there are 112 stores alone combining vic nsw act & tas south east australia . contents 1 history 2 acquisitions 3 references 4 external links history edit jb hi fi store in stockland rockhampton shopping centre rockhampton queensland jb hi fi store in rundle mall plaza adelaide jb hi fi store in wagga wagga jb hi fi was established in the melbourne suburb of keilor east by john barbuto in 1975 . barbuto sold the business in 1983 to richard bouris david rodd & 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 . it was subsequently floated on the australian stock exchange in october 2003 . 1 at first the company specialised in hi fi equipment . as the mainstream popularity of vinyl records declined in 1991 jb hi fi cleared out their entire stock of records and began offering exclusively cds and were one of the first australian music retailers to do so . citation needed however due to the recent revival of vinyl records larger stores began to stock them again . this allowed jb hi fi to open many new stores in melbourne and later expand to other states . the chain now has stores all around australia and in new zealand s largest cities . recently while many music stores claim to have been losing money jb hi fi has increased profits by 26 % fy10 when compared to 2008 2009 . 2 jb also specialises in imported cds mainly from the united kingdom and the united states although cds from other places such as africa asia and south america are available on special order . citation needed jb hi fi has diversified its business from predominantly selling music cds and are now a major retailer for numerous consumer electronics including plasma and lcd televisions audio visual digital camera photography portable audio in car entertainment computer video games gaming consoles and accessories white goods fridges and freezers and dvd & blu ray movies gadgets and information technology . as of 2012 jb hifi has diversified into other accessories at certain stores such as cb radios ip and fixed surveillance camera systems musical instruments such as guitars electronic keyboards ukuleles and guitars and professional dj equipment such as cd mixers microphones and portable dj p a docking systems . jb hi fi is also the sole retail chain in australia that sells dell computer hardware in retail stores . 3 in june 2007 that jb hi fi was australia s biggest cd retailer and is second in terms of sales of computer games televisions and car stereos . 4 as of 7 june 2016 the company has 184 stores operating across australia act 5 nsw 54 nt 2 qld 36 sa 9 tas 3 vic 54 and wa 21 . 5 and 15 stores operating in new zealand . 6 acquisitions edit in july 2004 jb hi fi bought 70 % of the clive anthonys chain in queensland . 1 on 13 december 2006 jb hi fi acquired the hill and stewart chain of electronics stores selling and operating in new zealand for nz 17.5 million a 15.3 million . in june 2007 jb hi fi expanded its foothold in the australian market by opening a sydney branch of clive anthonys at the home hub castle hill formerly supa centre and the hills homemaker centre which departed from the market that they had already established a strong presence in as clive anthonys specialise in white goods . citation needed in february 2010 jb hi fi ceased to renew leases on hill and stewart stores in new zealand and liquidated the business citing management s wish to build the jb hi fi brand in new zealand . 7 references edit a b about us . jb hi fi . 2002 . retrieved 16 february 2007 . full year results 30 june 2013 www.jbhifi.com.au http www.arnnet.com.au article 352802 jb hi fi signs exclusivity deal dell jb hi fi pumps up volume the sydney morning herald 8 june 2007 jb hi fi store locations australia . jbhifi.com.au . retrieved 7 june 2016 . jb hi fi store locations new zealand . jbhifi.co.nz . retrieved 7 june 2016 . slade maria 1 february 2010 . darkest before dawn for retailers . the new zealand herald . retrieved 11 september 2011 . external links edit jb hi fi australia jb hi fi new zealand clive anthonys v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff malcolm turnbull solomon trujillo nicholas whitlam retrieved from https en.wikipedia.org w index.php title jb hi fi & oldid 744283366 categories 1974 establishments in australiaretail companies established in 1974consumer electronics retailers of australiahidden categories use dmy dates from april 2012use australian english from august 2011all wikipedia articles written in australian englishall articles with unsourced statementsarticles with unsourced statements from september 2012articles with unsourced statements from july 2016articles with unsourced statements from october 2007 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage 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