Annual revenue of electrical and electronic goods retail Australia 2011-2021

In 2021, the annual revenue of electrical and electronic goods retail in Australia amounted to approximately 25.7 billion Australian dollars. This was the highest value reported over the last ten years.

 Leading electronic goods retailers 

The leading retail companies listed on the ASX included Wesfarmers, Harvey Norman, and JB Hi-Fi. All three of these companies were involved in electronic goods retail. While Wesfarmers is a conglomerate owning many retailers including Kmart and Officeworks, Harvey Norman and JB Hi-Fi have more of a direct focus on consumer electronics and appliances.

Most major electronic retailers had an online shopping presence. The homeware and appliance segment was the leading category for online spending in 2020 in Australia. Additionally, the smart home market in Australia has also been growing, with internet-connected electronics and appliances gaining popularity among consumers.

 JB Hi-Fi 

JB Hi-Fi is the country’s largest home entertainment retailer. The total sales revenue of JB Hi-Fi reached nearly eight billion Australian dollars in the latest financial year. The number of physical JB Hi-Fi stores across Australia saw a slight decline in 2020, likely due to trading restrictions brought on by the COVID-19 pandemic. Despite this, the company reported record profits due to a surge in online sales in 2020.