CE retailer JB Hi Fi who recently re branded their Digital Home online aquisition as JB Hi Fi Digital Home has seen their shares jump as much as 9.2 percent after it said that trading in February, March and April had been solid, and that it anticipated earnings being towards the top end of its guidance.

CE retailer JB Hi Fi who recently re branded their Digital Home online aquisition as JB Hi Fi Digital Home has seen their shares jump as much as 9.2 percent after it said that trading in February, March and April had been solid, and that it anticipated earnings being towards the top end of its guidance.

The company said in February that full-year net profit after tax would be between A$57-60 million, an increase of 41-49 percent on the previous year. JB Hi-Fi last traded up 8.7 percent at A$10.60. Earlier this year JB Hi-Fi told ChannelNews that they would  open between 13-15 new stores each year for the next four to five years.

JB Hi-Fi chief financial officer, Richard Murray,  said in Sydney today that the Company is on track to open several new stores as well as refurbish several older stores. He said that the company plans five new stores in New South Wales, 4 in Queensland, one in Victoria, 8 WA  stores, one in the ACT and 2 in New Zealand.

The New South Wales stores will be located in Tweed Heads, Pagewood, Albury,  Penrith and one undisclosed Sydney location. Queensland will see stores in North Lakes in Brisbane Morayfield, Cairns and Rockhampton. WA  will see stores opened in  Malaga, Cockburn, Cannington, Joondalup, Claremont, Rockingham, Mandurah, and in the Perth CBD.  Victoria will have a new Bendigo store, while the ACT will also gain one store, in an undisclosed location.

New stores are also planned for New Zealand. Richard Uechtritz JB Hi Fi CEO said that their Clive Anthonys chain will build three new stores in Frankston, Victoria, Helensvale, Queensland and another undisclosed location in the ACT.