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Maurice Blackburn Lawyers alleges JB Hi-Fi engaged in ‘misleading or deceptive conduct’.
Myer closed up 8.6 per cent to a five-year high of 75.5c, JB Hi-Fi gained 3.4 per cent to an eight-month high of $47.10 and Adairs advanced 3.6 per cent to an eight-month high of $2.
Source: https://www.perthnow.com.au/business/markets/aust-market-at-highest-level-since-may-2-c-9462211
Predictions of falling house prices could put home goods retailers like Harvey Norman and JB Hi-Fi in a challenging spot this year - though the bosses of both of these businesses have recently they are optimistic about their sectors into 2023.
The lack of strong earnings guidance and a softer start to the year sent JB Hi-Fi shares tumbling 5 per cent, to $44.25 at close of trade on the Australian bourse.