JB Hi-Fi CEO keeps eye on aggressive discounting

10/28/2010 | SmartCompany.com.au (Australia)

Terry Smart, chief executive at Australia's JB Hi-Fi, said he's monitoring the level of discounting in the consumer electronics segment even as major retailers say they expect solid holiday results. "People do need to understand that it's aggressive out there," Smart said. "There is a softer consumer, and we know that many retailers at this moment are doing whatever it takes. And obviously one of those things is discounting. We don't see that letting up."

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