Retail Veteran Terry Smart Returns to the Fold as CEO of The Good Guys; Guidance Reaffirmed
No-moat JB Hi-Fi announced the appointment of a new CEO for its recently acquired home appliances business, The Good Guys, and provided a trading update for the March quarter. Former CEO of JB Hi-Fi, Terry Smart, is rejoining the group as CEO of The Good Guys division, with the handover expected to occur on April 18, 2017. The trading update reaffirmed company guidance, and we maintain our fair value estimate of AUD 23.00.The appointment of Mr Smart is a positive development, given his nearly t...
JB Hi Fi is engaged in the retailing of home consumer products. Co. provides a range of brands with particular focus on consumer electronics, software including music, games and movies, whitegoods and appliances.
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