News today that JBH has joined the ranks of the top 250 global retailers underpins the stability of this company. Coming in at number 218 after the Good Guys buyout, it also reflects the solid growth that JBH has had over the last few years.
In a parallel story, Amazon announced its go live of Amazon Go, the cashierless food store it hopes to expand throughout the USA and, eventually, globally. What is particularly interesting about this is the flight to bricks that Amazon is currently undertaking. It has 17 bookstores currently in the USA and is rapidly expanding the portfolio. Amazon also bought Whole Foods with their 413 network of stores in the USA and has plans to take that brand global.
So, for those who thought bricks based businesses are dead, think again. The poster boy of on-line shopping has shown, by its actions, that physical shops are essential to good business and that you need both - bricks and clicks - to maintain customer share.
JBH Price at posting:
$28.32 Sentiment: Buy Disclosure: Held
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