JB Hi-Fi chief executive Terry Smart believes the retail chain can keep delivering solid profits even as consumer confidence temporarily slides, because it is in sweet spot categories of consumer electronics, technology and appliances that are in high demand as people bunker down at home.

Mr Smart says households are spending up on new televisions, computers, small appliances and smart home technology in the pandemic as they continue to “nest” at home and equip for a new wave of working from home, where more powerful laptops are needed.