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JB Hi Fi (ASX:JBH) - CEO, Richard Murray - The Market Herald
CEO, Richard Murray
Source: The Australian
  • With stage four restrictions coming into effect, JB Hi-Fi (JBH) has announced the temporary closure of its Melbourne stores
  • The tech retailer will be closing 46 stores and 21 The Good Guys stores within metropolitan Melbourne
  • While it is not yet known when the stores will reopen, they will be closed for a minimum six week period
  • However, the company's online and commercial operations will continue to trade with home delivery, online orders, and contactless click and collect continuing
  • To keep up with demand, JB Hi-Fi's warehouses will remain operational but with strict safety measures put in place
  • JB Hi-Fi has ended the day a slight 1.21 per cent in the red with shares trading for $44.08 each

With stage four restrictions coming into effect, JB Hi-Fi (JBH) has announced the temporary closure of its Melbourne stores.

Following an announcement by Wesfarmers earlier today, JB Hi-Fi will be closing 46 stores and 21 The Good Guys Stores within metropolitan Melbourne.

While it is not yet known when the stores will reopen, they will be closed for a minimum six week period.

However, the company's online and commercial operations will continue to trade with home delivery, online orders, and contactless click and collect continuing.

To keep up with demand, JB Hi-Fi's warehouses will remain operational but with strict safety measures put in place.

"The health and wellbeing of our team members, customers, business partners and the wider community remains the group's highest priority," JB Hi-Fi stated.

The company will continue to provide updates as the situation progresses.

Further, as a result of the tougher stage four lockdowns, which include an 8:00 pm to 5:00 am curfew and the closure of non-essential businesses, the Federal Government will be offering $1500 to Victorians who need to self-isolate but don't have adequate leave.

JB Hi-Fi has ended the day a slight 1.21 per cent in the red with shares trading for $44.08 each in a $5.126 billion market cap.


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