Stocks plunge as JB Hi-Fi warns of sharp spending downturnThe retail giant’s CEO also warned of an AI squeeze on tech supply chains.1 min read

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Tech titan JB Hi-Fi is the latest big retailer to sound alarm bells over a sharp spending downturn, with shoppers snapping their wallets shut in recent weeks.The retailer, which also owns The Good ...

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The result was up almost five per cent. Profits were up six per cent to almost half a billion dollars. Investors will receive a full year dividend of $3.37 per share.CEO Nick Wells described the current trading environment as uncertain, with those who are spending looking for deals.“We continue to see variability in trading, with customers increasingly looking for value and migrating spend to key promotional events,” he said.Sydney Swans players involved in ‘alleged incident’ at ho","collect":0,"end_time":0,"defaultTopTitle":"7news.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPE":"Leverage Shares 2X Long AAPL Daily ETF","QTOC":"Innovator Growth Accelerated Plus ETF - October","RKNG":"Defiance Retail Kings ETF","AAPW":"AAPL周配息ETF-Roundhill","VTHR":"Vanguard Russell 3000 ETF","AAPB":"2倍做多AAPL ETF-GraniteShares","ARTY":"ISHARES FUTURE AI & TECH ETF","APLY":"AAPL期权收益策略ETF-YieldMax","AAPX":"2倍做多Apple ETF-T-Rex","AGIX":"通用人工智能 ETF-AGIX","AAPU":"2倍做多AAPL ETF-Direxion","AIPO":"Defiance AI and Power Infrastructure ETF","AAPD":"1倍做空AAPL ETF-Direxion","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","AAPY":"AAPL收益溢价策略ETF-Kurv"},"translate_title":"JB Hi-Fi警告支出急剧下降，股市暴跌这家零售巨头的首席执行官还警告说，人工智能将挤压科技供应链。阅读 1 分钟","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGIX":1.5,"ARTY":1.5,"VTHR":1.5,"CHAT":1.5,"RKNG":1.5,"AAPE":0.6,"QTOC":1.5,"AAPY":0.6,"AAPX":0.6,"APLY":0.6,"AAPU":0.6,"AAPW":0.6,"AIPO":1.5,"AAPD":0.6,"AAPB":1.5},"content_text":"Tech titan JB Hi-Fi is the latest big retailer to sound alarm bells over a sharp spending downturn, with shoppers snapping their wallets shut in recent weeks.The retailer, which also owns The Good Guys and upmarket appliance seller e&s, says July sales were down across all three chains.\nInvestors were spooked by the warning, with shares down 11% in morning trade.\nKnow the news with the 7NEWS app: Download today ArrowIt came as the group posted record sales of $11.06billion for the financial year ended June 30. The result was up almost five per cent. Profits were up six per cent to almost half a billion dollars. Investors will receive a full year dividend of $3.37 per share.CEO Nick Wells described the current trading environment as uncertain, with those who are spending looking for deals.\n“We continue to see variability in trading, with customers increasingly looking for value and migrating spend to key promotional events,” he said.\nWells also noted impacts of the global AI boom, which is squeezing tech supply chains, creating stock shortages and forcing price rises for some goods. Key drivers for the group include laptops, mobile phones, small appliances and vacuums.\nJB Hi-Fi now boats 209 stores across the country and has become a mecca for tech-hungry consumers. The Good Guys has a footprint of just over 100 stores, targeting home-making families. Premium appliance outfit e&s has a dozen stores across Melbourne but is earmarked for expansion.\nSydney Swans players involved in ‘alleged incident’ at hotel1 min readSam Pang reveals unexpected plan for his Gold Logie3 min readBe the first to know: Add 7NEWS as your preferred news source on Google","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2660090741","isCrawlerRequest":true}