JB Hi-Fi has been defying the global economic downturn, posting quarterly sales growth of 8.4% on comparable sales. For the holiday shopping season, company executives sounded a note of cautious optimism. Richard Uechtritz, CEO of JB Hi-Fi, said that if trading remained strong, the retailer should have a "reasonable" Christmas. He also said he is not concerned with the country's recent increase in interest rates.

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