Shares in speciality home-entertainment retailer JB Hi-Fi Limited (ASX: JBH) are down 0.5% today to $26.20 at the time of writing after a slide down from a January 2018 high of $29.03.
JB Hi-Fi is among retailers in the discretionary spending space suffering a bit at present, with Super Retail Group Ltd's (ASX: SUL) 12-month share price chart showing a definitive decline in price from $9.92 at this time last year to $6.94 at the time of writing – a drop of more than 30%.
Sector stalwart Harvey Norman Holdings Limited (ASX: HVN) is down 1.7% today to $3.46 at the time of writing after bottoming out considerably over the last 2 months from a share price high of $4.58 in February.
JB Hi-Fi has defied odds by producing strong profit results in recent years, with its report for the half-year ending December 31, 2017 showing net profit growth of 21% total sales growth of 41% and EPS up 13.7%.
But stiff competition from the likes of Amazon is likely to hit JB Hi-Fi hard in the coming months and investors might want to think about locking in some profit soon, as company margins are expected to take a hit as Amazon ramps up operations.
