Dick Smith overhaul reaping rewards

New Zealand arm reports 2.1 percent year on year sales decline

Woolworths continues to overhaul its consumer electronics business Dick Smith as it seeks to reposition the brand in the Australian and New Zealand markets.

The company has rolled out a new format to its Dick Smith stores across the two countries with 117 stores converted to date, representatives told a shareholder presentation. It expects to convert 168 stores by the end of the 2010 financial year. Read more on Reseller News

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