{"id":219,"date":"2018-06-05T23:42:00","date_gmt":"2018-06-05T23:42:00","guid":{"rendered":"https:\/\/www.current.com.au\/?p=219"},"modified":"2022-01-26T10:25:55","modified_gmt":"2022-01-26T10:25:55","slug":"dick-smith-rebranding-strategy-enhances-sales","status":"publish","type":"post","link":"https:\/\/www.current.com.au\/dick-smith-rebranding-strategy-enhances-sales\/","title":{"rendered":"Dick Smith Rebranding Strategy Enhances Sales"},"content":{"rendered":"\r\n
Sydney, NSW: Woolworths Limited, the parent corporation of the consumer electronics merchandiser Dick Smith, released its 4th quarter sales and reported a 2.1% increase in CE sales in Australia.<\/p>\r\n\r\n\r\n\r\n
\u201cThis is a result that comes during a challenging year for the retail industry which has experienced an economic deflation due to a natural disaster, higher saving rates in Australia and a higher caution within consumers,\u201d said Michael Luscombem, the Woolworths CEO. \u201cThis shows our ability to still maintain sales and adapt to different conditions, even in an unfavourable economy.\u201d<\/p>\r\n\r\n\r\n\r\n
While the Australian numbers show an increase, the sales for Dick Smith New Zealand decreased by 5.6% (in New Zealand dollars) for the year ending 26 June 2011.<\/p>\r\n\r\n\r\n\r\n
This decrease was contrasted by a 27.8% increase in consumer electronic sales in India, which happened due to Woolworth\u2019s Limited business journey with Tata, the Indian conglomerate company, which runs 64 locations as a part of the Croma chain of stores in the country.<\/p>\r\n\r\n\r\n\r\n
As reported by recent statements, \u201cDick Smith unrolled 47 new locations throughout the year (both in Australia and New Zealand). Additionally, 56 Dick Smith and 13 Tandy stores were closed as well as 5 Tandy stores that have been rebranded as Dick Smith. This adds up to a total number of 394 stores (390 Dick Smith and 4 Tandy).\u201d<\/p>\r\n\r\n\r\n\r\n
In Australia especially, sales amounted to $1.3 billion for the year (which is a 2.1% increase compared to the previous year) with similar store sales that increased by 4.2%.<\/p>\r\n\r\n\r\n\r\n