Tagged With the good guys

JB Hi-Fi has announced that it has entered into a binding agreement to buy whitegoods retailer Good Guys for $870 million, acquiring 100 per cent of its privately-held competitor. The deal will see both retail chains continue largely separately in the eyes of customers, but behind the scenes will mean the two are more efficient, potentially driving prices down for consumers.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

Dick Smith's retail stores are all empty now, and it's looking like Australia's tech retail market might be about to get even smaller. Reports around the 'net this morning suggest that JB Hi-Fi is in talks to take over competitor The Good Guys, and JB itself has confirmed that it's thinking about it.