The JB Hi-Fi Limited (ASX: JBH) share price finished down 4.3% to $20.68 on Thursday, which is the lowest price it has been since early 2016.
JB Hi-Fi is the operator of The Good Guys and JB Hi-Fi stores in Australia, which sell a variety of TVs, electronics, home appliances and other products.
It has been a tough year for the JB Hi-Fi share price, which is down 19% over the past year. It's down even further if you go from the late January-high price. Falling house prices and a growing Amazon may be spooking JB Hi-Fi shareholders.
In a recent trading update the consumer goods business revealed that growth was slowing this year compared to last year. But, it did still show growth – JB Hi-Fi Australia reported in the first quarter of FY19 that sales growth was 5.3% with comparable sales growth of 3.4%.
Investors may have been spooked by the news that sales for Kathmandu Holdings Ltd (ASX: KMD) materially deteriorated during December, which perhaps could affect many discretionary retailers.
