JB Hi-Fi

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JB Hi-Fi is an Australian CD, DVD, video game and electronics chain store. It was established in 1975 in the Melbourne suburb of East Keilor by John Barbuto. At first, it mainly specialised in Hi-Fi equipment. When vinyl records were discontinued in Australia in 1991, they cleared out their entire stock of records and began offering exclusively CDs. They were one of the first Australian music retailers to do so. This allowed JB Hi Fi to open many new stores in Melbourne and later expand to other states. The chain now has stores all around Australia. Recently, while many music stores claim to have been losing money, due to online piracy, JB Hi-Fi has increased profits by 50% in the years 2004-5 & 2005-6, this being attributed to more of a reliance on electronics & DVD sales. JB also specialises in imports of CD's, mainly from the UK and the US, although many other imports such as Japanese imports are available on request.

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