Weaker year ahead

Faltering first half sales for two major retailers raise questions about consumer confidence and the outlook for retail sales in 2015, but also indicate that aggressive expansion is possibly cannibalising their sales. JB Hi-Fi has produced top line sales growth of 1.3 per cent for the half year ended December 31, but comparable store sales fell by 0.7 per cent in the period despite expansion into new categories. Kathmandu has maintained strong topline revenue growth of 6.9 per cent and a credita

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