JB Hi-Fi was established in Melbourne suburb of Keilor East by John Barbuto in 1974. Barbuto sold the business in 1983 to Richard Bouris and David Rodd who expanded JB Hi-Fi into a chain of ten stores in Melbourne and Sydney turning over $150 million by 2000, when they sold the majority of their holding to private equity. It was subsequently floated on the Australian Stock Exchange in October 2003.

At first, the company specialised in Hi-Fi equipment. As the mainstream popularity of vinyl records declined, in 1991 JB Hi-Fi cleared out their entire stock of records and began offering exclusively CDs, and were one of the first Australian music retailers to do so. However, with the recent revival of vinyl records larger stores are stocking them again. This allowed JB Hi-Fi to open many new stores in Melbourne and later expand to other states. The chain now has stores all around Australia and in New Zealand’s largest cities.

JB Hi-Fi has diversified its business from predominantly selling music CDs, and are now a major retailer for Plasma and LCD televisions, audio/visual, digital camera photography, portable audio, in-car entertainment, computer/video games, DVD & Blu-ray movies, gadgets and information technology. As of 2012, JB HiFi has diversified into other accessories, such as CB Radios, IP and fixed surveillance camera systems, musical instruments such as guitars, electronic keyboards, Ukeleles and guitars, and pro-dj equipment such as CD mixers, microphones and portable DJ P/A docking systems.
Currently JB Hi-Fi is the number 1 retailer of Apple Computer hardware in Australia, even more than Apple retail stores. JB Hi-Fi is also the sole retail chain in Australia that sells Dell Computer hardware in retail stores.

Source: www.wikipedia.org

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If you are interested in knowing more about the company, its statements, products, and special offers or discounts, please visit www.jbhifi.com.au.