Retail in Asia

In Trends

JB Hi-Fi weathers the retail storm

JB Hi-Fi is proving more resilient to slumping consumer confidence than other retailers.

The electronics retailer remains on track to lift annual profit by about 10 percent, despite winding back its sales expectations since the end of March.

Analysts say JB Hi-Fi is performing better than other retailers as it is not exposed to seasonal factors such as unusually warm weather, and due to its expansion into new product areas.