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JB Hi-Fi sales set to rebound after fall

Consumer electronics chain claims sales fell in the three months to September, compared to the same period last year.

Consumer electronics chain, JB Hi-Fi, says trading conditions have been challenging in the three months to September, but the launch of the iPhone 4S and other new releases could boost sales.

Chief executive, Terry Smart, told the company's annual general meeting comparable sales for the first quarter of the financial year were down 3.5 per cent on the same period last year.

But total sales for JB Hi-Fi stores in the same period were up 6.6 per cent on last year's quarter.

"The launch of the iPhone 4S, solid music, movies and games releases and continued growth from the computers and accessory categories will assist sales in this quarter," Smart said.

"Whilst we expect underlying trading to remain subdued, we are still optimistic the Christmas trading period will be a successful one."

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: Smart

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