HOUSEHOLD ELECTRONICS INDUSTRY – AUSTRALIA

JB Hi-Fi tunes in to smaller stores

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Original article by Eli Greenblat
The Australian – Page: 17 & 20 : 26-Nov-19

Consumer electronics retailer JB Hi-Fi will open its first ‘Express’ store in Melbourne’s Southbank precinct on 26 November. CEO Richard Murray says the 68sq m store will target cash and carry buyers who want to make small purchases. JB Hi-Fi is capitalising on the growing trend toward small-format retail stores, with plans to open more stores in airports and office towers that are similar in size to the 250sq outlet at Sydney Airport’s international terminal. Murray says JB Hi-Fi is looking at opening additional stores at airports.

CORPORATES
JB HI-FI LIMITED – ASX JBH, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW, DAVID JONES LIMITED

Bang & Olufsen Australia sold to luxury watches group

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Original article by Simon Evans
The Australian Financial Review – Page: 21 : 27-May-15

Emerald Group Investments intends to expand the Bang & Olufsen brand after buying the Australia and New Zealand business. Bang & Olufsen currently operates 10 retail outlets in Australasia, and Emerald Group CEO James Kennedy has declined to comment on the sale price. Emerald Group boasts annual revenue of about $A40m, and owns the LK Boutique stores in Sydney and Melbourne, which sell upmarket watches and jewellery.

CORPORATES
EMERALD GROUP INVESTMENTS PTY LTD, BANG AND OLUFSEN (AUSTRALIA) PTY LTD, BANG AND OLUFSEN A/S, LK BOUTIQUE, CROWN MELBOURNE LIMITED, THE STAR, COSTCO WHOLESALE CORPORATION, WAL-MART STORES INCORPORATED