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Hot & Cool Fan Heater
Recently ranked the 9th strongest brand in Australia , JB Hi-Fi is an Aussie success story but is this all about to change for the retail giant?
According to PWC, the Australian retail sector is facing seismic changes as global competitors enter the local market. This radical change of landscape requires an equally radical response. While Murray recognises the impending threat, he believes JB Hi-Fi is better prepared than electronic retailers overseas were.
He seems to be more of an advocate of brutal consistency rather than radical change. Match Fit, according to Murray is about the entire team staying focused and being clear about their brand value proposition. Murray believes that relentless consistency is key to success. This is about being the best value over a basket of goods, but not necessarily individual items. PWC maintains that radical changes are required to thrive.
On the 5 bold moves, number 3 seemed to have the most merit for JB Hi-Fi. Murray believes many companies lose focus by trying to do too much. These are related to improving the core business and their value proposition to customers. With slim margins, he is not keen to start a price war. But he is confident that Amazon will do this anyway, so they need to be prepared to respond. Part of JB success story is its successful brand evolution. Once a specialist music store, the brand is now the leading electronics and home appliances retailer in the country.
With the recent merger with the Good Guys, points 4 and 5 seem also highly relevant. There was much discussion on the future of JB Hi-Fi home. Murray recognises that now, more than ever, JB Hi-Fi needs to strengthen its brand loyalty. However, he does recognise the importance of strengthening customer engagement and storing all purchases to make refunds and exchanges easier.
Murray also believes that Australians have a very negative view about delivery and installation costs. What else do you think they should be doing? His deep expertise is in unlocking the strategic power of your brand to create a differentiated, compelling and authentic brand proposition that will engage all your audiences. Michael has extensive experience working across Australia and the Middle East working with leading Australian and International organisations across just about every sector.
Click here to cancel reply. Tags: Amazon , Australian retail , bold moves , brand evolution , Brand Health , brand survival , Electronics , home entertainment , JB Hi-Fi , product evolution , radical change , Retail , retail brands.
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Five bold moves PWC maintains that radical changes are required to thrive. Email Us.
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This fan can cool down the whole room in minutes due to the adjustable oscillation angle from 45 to degrees. An all-in-one option, it can also heat in winter and capture up to This pedestal fan has been an essential in Australian households for generations and for good reason. Featuring an LED display and three wind modes including a 'nature' and 'sleep' setting, you can precisely control the fan's functionality, as well choose between degrees of horizontal oscillation to cool the whole room. Ideal for cooling down one room at a time, this fan has three speed settings and an adjustable tilt. It will keep you cool all summer whether you're working from home or the office. Stay cool wherever you are in the house with help from this vertical portable fan.
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Recently ranked the 9th strongest brand in Australia , JB Hi-Fi is an Aussie success story but is this all about to change for the retail giant? According to PWC, the Australian retail sector is facing seismic changes as global competitors enter the local market. This radical change of landscape requires an equally radical response. While Murray recognises the impending threat, he believes JB Hi-Fi is better prepared than electronic retailers overseas were. He seems to be more of an advocate of brutal consistency rather than radical change. Match Fit, according to Murray is about the entire team staying focused and being clear about their brand value proposition. Murray believes that relentless consistency is key to success. This is about being the best value over a basket of goods, but not necessarily individual items.
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JB Hi-Fi has warned of disruptions from the ongoing COVID lockdowns despite delivering a jump in full-year profits and dividend on the back of heightened demand for home appliances and technology products. Sales for the month period increased Its New Zealand stores booked sales growth of Subsidiary chain The Good Guys, which focuses on electrical and home appliances, racked up a It lifted gross margins for the year, with the cost of doing business dropping 91 basis points to
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It was muggy yesterday, and we have decided to take out the 46cm Kambrook fan that was bought in Dec last year. Stopped working after 10 seconds, likely caused by the switch malfunctioning not connecting properly. We have had a large Vornado before. These metal high speed fans circulate air much better , and less noise. These fans are good but noisy!
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Further evidence of the anxieties plaguing Australian retailers has come to light following the leaking of an internal memo at JB HiFi, which urges staff not to fear for their jobs following last week's dramatic sales downgrade. The company last Friday dropped its sales outlook 5 percent for the Christmas period , citing heavy price reductions in the industry, specifically with flat screen TVs. Investors ran for the exits with JB's shares falling He added, however, that JB Hi-Fi had not experienced that level of pain. The results come soon after the launch of its digital streaming music service JB HiFi NOW, for which the company has so far given a positive report card. Got a news tip for our journalists? Share it with us anonymously here.
Load more comments Load More. Getting a home upgrade this season? JB Hi-Fi is an electronics and music equipment store in Australia.
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