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12% share price plunge for bellwether retailer JB Hi-Fi depresses consumer discretionary stocks | SBS News

Record annual sales, and rising annual profit have done nothing to stop the worst ever one-day plunge for JB HiFi. Investors showed their concern about Australia's consumer retail environment, after JB HiFi reported a slowdown in the fourth quarter, and in July sales. Rena Sarumpaet speaks to Luke…

Details 12% share price plunge for bellwether retailer JB Hi-Fi depresses consumer discretionary stocks

Record annual sales, and rising annual profit have done nothing to stop the worst ever one-day plunge for JB HiFi. Investors showed their concern about Australia s consumer retail environment, after JB HiFi reported a slowdown in the fourth quarter, and in July sales. Rena Sarumpaet speaks to Luke M...