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JB HI FI Analysis

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JB HI FI Analysis
JB Hi-Fi is a well-known and successful cooperation that majors in house hold appliances, technological goods and the stock shares, the JB Hi-Fi Cooperation was established in 1974 by Mr. John Barbuto (JB), trading from a single store in East Keilor, Victoria. Since then JB Hi-Fi was sold independently in 1983 from there on the business grew. In 1999 another nine stores were opened nationwide. Shortly thereafter In July 2000 JB Hi-Fi was purchased yet again by private equity bankers and senior managements in the opinion of expanding the current growth.
In October 2003, JB Hi-Fi was floated on the Australian Stock Exchange. By July 2004, JB purchased the Queensland Clive Anthony chain of stores which specialise in consumer electronics, white goods, cooking appliances and air-conditioning systems this advance forward gave the JB Hi-Fi cooperation the reputation they have today.

JB stores offer the world’s leading brands of Hi-Fi, Speakers, Televisions, DVD’s, VCR’s, Cameras, Car Sound, Home Theatre, Computers and Portable Audio and continue to stock an exclusive range of specialist Hi-Fi products.
JB Hi-Fi also offers the largest range of video games, recorded music, DVD music and DVD movies with over 50,000 CDs and most major studio DVD releases, all at cheap prices! Customers are able to buy online from their huge range of CDs, DVDs, and games
This report will look at the accounting period of 2011/2010 and compare them with previous years of 2009/2008. We will also be looking at the same accounting period for the Harvey Norman group and compare the results with JB HI-FI.
The Board responsibilities include the corporate governance of the Company, overseeing the business and affairs of the Company, communicating with the Company’s shareholders and the community, evaluating the performance of executives, ensuring that appropriate procedures are in place so that Company is conducted in an honest, open and ethical manner and the establishment of

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