Annual revenue of electrical and electronic goods retail Australia 2014-2023

In 2023, the annual revenue of electrical and electronic goods retail in Australia amounted to approximately 25.4 billion Australian dollars. The highest value reported within the given period was in 2022 at over 27 billion Australian dollars.

 Leading electronic goods retailers 

The leading retail companies listed on the ASX include Wesfarmers, JB Hi-Fi, and Harvey Norman. All three of these companies are 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 have an online shopping presence. The homeware and appliance segment was the leading category for online spending in Australia in October 2023. 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 over 9.6 billion Australian dollars in the 2023 financial year. The number of physical JB Hi-Fi stores across Australia saw a slight increase in 2023. The company reported record profits in 2022 due to a surge in online sales, with profits still relatively high in 2023.