How JB Hi Fi secured growth amid coronavirus pandemic? WATCH NOW!

  • May 06, 2020 AEST
  • Team Kalkine

JB Hi-Fi has posted strong March quarter growth as customers forced to work from home rushed to buy home appliances and technology products before COVID-19-related social restrictions were brought in.

The electronics and appliances retailer saw an 11.3 per cent increase in comparable sales for the three months to March 31 at its JB Hi-Fi stores and online sales in Australia.

Bubs has signed an agreement with Coles to expand its range of infant formula products at 482 supermarkets from early June. The deal to add Bubs Organic grass-fed infant formula adds to the companies' existing partnership in which Coles sells Bubs goat milk infant formula and toddler snacks.

Industrial metals prices rose overnight as some countries eased coronavirus lockdown measures and oil prices jumped more than 10 per cent, but aluminium lagged, with investors worried that a collapse in demand will cause huge oversupply.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

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