Read The Times Australia

Daily Bulletin

JB Hi-Fi battles on despite Amazon

  • Written by: McKenna Moroz


Expected to be one of the most vulnerable companies amid Amazon Australia’s arrival, an emboldened JB Hi-Fi has posted an increase in revenue of 21.8% over 2017-18, to total $6,854.3 million. The group’s JB Hi-Fi Australia business reported comparable sales growth of 6.2% over the year. Australia’s largest industry research company, IBISWorld, believes that the company has effectively leveraged its economies of scale to lower its prices while also increasing its profit margins.  

“As new products, click and collect, and online order fulfilments have increased JB Hi-Fi’s sales volumes, the company has concentrated on controlling its operating costs. This has remained a competitive advantage for the company and has allowed JB Hi-Fi to report an increase in net profit after tax (NPAT) of 12.3 % to $233.2 million in 2017-18”, said Senior Industry Analyst, Kim Do. The company has continued to invest in its online platform while expanding and improving its delivery options to combat the potential threat of Amazon Australia.

“Australian consumers have become increasingly value conscious, as online-only operators such as Amazon and Kogan offer low prices for a wide range of products. While JB Hi-Fi has increased its Australian online sales by 32.1% over the year, to reflect 4.6 % of total sales, the ongoing expansion of Amazon will put pressure on the company over the next five years”, said Ms. Do.  

Amazon Australia has reported a loss of $8.9 million after tax, and revenue of $17.4 million over the year to December 2017. However, the company only launched in December 2017 and therefore only generated revenue in that month, while expenses such as salaries, marketing, and other operating costs would have likely spread over much more of the year.

“Companies like Amazon typically focus on gaining market share at the expense of profit margins. Amazon is in the market for the long haul and they’re likely willing to take losses for numerous years to make it work in Australia”, said Ms. Do.  

According to IBISWorld, JB Hi-Fi cannot afford to adopt the same approach as Amazon. Investors and shareholders are watching the company closely and any slight underperformance could severely hurt the company’s earnings.

The Online Consumer Electronic Sales industry’s revenue is expected to grow at an annualised 12.2% over the five years through 2017-18, to reach $2.7 billion. This double-digit growth is expected to continue over the next five years, suggesting that companies such as JB Hi-Fi and Amazon will have plenty of room to expand.

“While major player Kogan has increased its market share considerably over the past five years, traditional retailers, such as JB Hi-Fi and Harvey Norman along with new player Amazon, still account for only a small portion of industry revenue”, said Ms. Do.

The Customer First Approach of Graeme Holm

  • Written by: News Company
Graeme Holm is one of the co-founders of Infinity Group Australia. Mr. Holm has extensive experience within the finance industry. He is accredited to work in a number of financial areas, and he has worked with the four major banks that do business in Australia.

While working in the financial industry, Graeme Holm grew weary of having to try to fit the needs of his clients into a single financial product. He wanted to put the customer first instead of the institution. He wanted to be able to offer the client options that would be beneficial to the client's overall financial future.

In 2013, Infinity Group came to be. Graeme Holm has stated that the goal of the company is to be, "a personal trainer for your finances". What he means by that is that Infinity Group has as its goal to help each client to secure a mortgage that is right for the client. However, Infinity Group wants to do things a little bit differently.

When a client gets a mortgage at most lending institutions, the mortgage is for 30 years. Most of those who take out these long-term loans are not given any counseling about how to structure their finances so that they can pay the loan off in a shorter amount of time.

Graeme Holm and his associates work to get the client's loan paid off in a period of seven to ten years. They are able to do this by working with each client on an individual basis. Each client is provided with help in formulating a budget. Every month, the client is given a financial performance report that shows the client how well she has been sticking to the plan. If there is a problem, the people at Infinity Group can help to get the client back on the right track.

Infinity Group Australia reviews are spectacular. Clients have stated that they never would have been able to secure a mortgage if Infinity Group Australia had not been on their side and helping them along each step of the process. Many of the Infinity Group Australia reviews emphasize that dealing with Mr. Holm and his team removed much of the stress from the loan process.

Graeme Holm has been able to make Infinity Group a success story due to the way that he conducts his business and his professional life. Mr. Holm stresses the fact that in order for a business to be successful, there has to be a team in place that works together to develop new products and new ideas. Everyone has to be on the same page.

One thing that Graeme Holm believes in is that no one should work with those who do not share the same sense of values. Trying to deal with those who want to do business in a different way than you do will only lead to failure.

Graeme Holm has identified in his daily practice what helps him to be most successful. He knows that each day, he has to tackle the hardest project or problem first. He feels that if he can get something difficult accomplished right away, that will set the tone for a positive day going forward.

As Infinity Group continues to grow, Mr. Holm and his team will be certain to continue with what makes the company a success. They will keep the focus on helping the customer first.

Why Choosing the Right Bollard Supplier Matters for Australian Businesses and Public Spaces

From busy CBD streetscapes to sprawling warehouse loading docks, bollards have become one of the most essential safety and security fixtures across Australia. Whether protecting pedestrians from veh...

Daily Bulletin - avatar Daily Bulletin

Why Modular Content Is Transforming Modern Marketing Teams

Modern marketing teams are expected to produce more content than ever before. They need to support websites, landing pages, email campaigns, social channels, product pages, sales enablement material...

Daily Bulletin - avatar Daily Bulletin

Everything You Need to Know About Getting Support from Optus

Whether you've been an Optus customer for years or you've just switched over, at some point you'll probably need to contact their support team. Maybe your bill looks different from what you expected. ...

Daily Bulletin - avatar Daily Bulletin

The Marketing Strategy That’s Quietly Draining Sydney Business Owners’ Bank Accounts

Sydney businesses are investing more in digital marketing than ever before. The intention is clear. More visibility should mean more leads, more customers, and steady growth. However, many business ...

Daily Bulletin - avatar Daily Bulletin

Why Mining Hose Solutions Are Essential For High-Performance Industrial Operations

In environments where the ground itself is constantly shifting, breaking, and being reshaped, every component must be built to endure. Mining operations are among the most demanding in the industria...

Daily Bulletin - avatar Daily Bulletin

The Reason Talented Teams Underperform

If you’re in business, you might have seen it before. A team of capable and smart people just suddenly slows down, and things start spiraling out of control. On paper, everything looks perfect, but ...

Daily Bulletin - avatar Daily Bulletin

Business News

Why Choosing the Right Bollard Supplier Matters for Australian Businesses and Public Spaces

From busy CBD streetscapes to sprawling warehouse loading docks, bollards have become one of the most essential safety and security fixtures across Australia. Whether protecting pedestrians from veh...

Daily Bulletin - avatar Daily Bulletin

Why Modular Content Is Transforming Modern Marketing Teams

Modern marketing teams are expected to produce more content than ever before. They need to support websites, landing pages, email campaigns, social channels, product pages, sales enablement material...

Daily Bulletin - avatar Daily Bulletin

Everything You Need to Know About Getting Support from Optus

Whether you've been an Optus customer for years or you've just switched over, at some point you'll probably need to contact their support team. Maybe your bill looks different from what you expected. ...

Daily Bulletin - avatar Daily Bulletin

The Marketing Strategy That’s Quietly Draining Sydney Business Owners’ Bank Accounts

Sydney businesses are investing more in digital marketing than ever before. The intention is clear. More visibility should mean more leads, more customers, and steady growth. However, many business ...

Daily Bulletin - avatar Daily Bulletin

Why Mining Hose Solutions Are Essential For High-Performance Industrial Operations

In environments where the ground itself is constantly shifting, breaking, and being reshaped, every component must be built to endure. Mining operations are among the most demanding in the industria...

Daily Bulletin - avatar Daily Bulletin

The Reason Talented Teams Underperform

If you’re in business, you might have seen it before. A team of capable and smart people just suddenly slows down, and things start spiraling out of control. On paper, everything looks perfect, but ...

Daily Bulletin - avatar Daily Bulletin

Why More Aussie Tradies Are Moving Away From Paid Ads

Across Australia, a lot of tradies are busy. There’s no shortage of demand in industries like plumbing, electrical, landscaping, and building. But being busy doesn’t always mean running a smooth or...

Daily Bulletin - avatar Daily Bulletin

Why Careers In The Defence Industry Are Growing Rapidly

The defence sector has evolved far beyond traditional roles, opening doors to a wide range of opportunities across technology, engineering, intelligence, and operations. This is where defense industry...

Daily Bulletin - avatar Daily Bulletin

Strategic partnerships to enable global acceleration for Aussie fashion brands: SHEIN Xcelerator launches

SHEIN Xcelerator is introducing a more agile, demand-led operating model, allowing brands to scale while retaining control over creative direction and identity. For fashion brands, the pressure t...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Australia’s Best Walking Trails and the Shoes You Need to Tackle Them

Australia is not short on spectacular walks. You can follow ocean cliffs in Victoria, cross ancien...

Why Pre-Purchase Building Inspections Are Essential Before Buying a Home in Australia

source Have you ever walked through an open home and started picturing your furniture, family d...

5 Signs Your Car Needs Immediate Attention Before It Breaks Down

Car problems rarely appear without warning. In most cases, your vehicle gives clear signals before...

Ensuring Safety and Efficiency with Professional Electrical Solutions

For businesses in Newcastle, a safe and fully functioning workplace remains a key part of day-to-d...

Choosing The Right Bin Hire Solution For Hassle-Free Waste Management

When it comes to managing waste efficiently, finding the right solution can save both time and eff...

Why Cleanliness Is Critical In Childcare Environments

Children explore the world with curiosity, often touching surfaces, sharing toys, and interacting ...

What to Look for in a Reliable Australian Engineering Partner

Choosing an engineering partner is rarely just about technical capability. Most businesses can fin...

How to Choose a Funeral Home That Supports Families with Care

Choosing a funeral home is rarely something families do under ideal circumstances. It often happen...

Why Premium Coffee Matters in Modern Hospitality Venues

In hospitality, details shape perception long before a guest consciously evaluates them.  Lightin...