JB Hifi: ‘If We Have To Go To A Direct Import Model… We Will’


JB Hifi Chairman Patrick Elliott, responding to a question at its annual general meeting, has claimed that when it comes to the sale of goods in its stores, it is prepared to go to a “direct import model” if suppliers don’t reduce the cost price of their goods.

With the increase of online shopping, retailers are becoming increasingly protective of their market. GameTraders has been grey importing stock from Europe, and we can only assume that JB Hifi’s threat amounts to the same thing – bypassing local distributors for cheaper cost prices.

“It remains open to JB Hi-Fi to import directly and bypass suppliers,” stated Elliott.

GAME’s Managing Director Paul Yardley mentioned a while back that moving to grey imports was a possibility, but stated that he’d prefer to develop the local industry as a whole. Game Traders on the other hand has taken to the grey imports market to compete with big outlets such as Big W.

JB Hi-Fi to put pressure on suppliers to lower prices [News]

Thanks Phill for the tip.


The Cheapest NBN 1000 Plans

Looking to bump up your internet connection and save a few bucks? Here are the cheapest plans available.

At Kotaku, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.

Comments


71 responses to “JB Hifi: ‘If We Have To Go To A Direct Import Model… We Will’”

Leave a Reply

Your email address will not be published. Required fields are marked *