Articles with tag dick-smith

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Anchorage Capital Partners sell off remaining Dick Smith shares

Anchorage Capital Partners has sold its stake in Dick Smith Holdings, offloading 47,302,273 shares yesterday for around $105 million. Dick Smith Holdings closed at $2.23 that day, down 2.62 per cent on the day prior.

Posted Wed 17/09/2014 12:00:00 / Read More »

Online strength, private labels and store expansion driving retailer growth

Retailer reported an increase in sales driven by opening new stores, embracing omnichannel retail and an increased focus on private label products.

Posted Fri 22/08/2014 12:00:00 / Read More »

MuleSoft integration platform fueling major retailer's rapid expansion

We look into the remarkable renaissance of a publicly listed retailer, one that will continue through expansion and high volume sales over the next 18 months, according to the man charged with overseeing its IT department

Posted Fri 08/08/2014 12:00:00 / Read More »

Australian retailers nominated for major gongs at World Retail Awards

Several local retailers have been honoured this morning with nominations in the 2014 World Retail Awards, an annual celebration of physical, online and omnichannel retailing held in Paris, France.

Posted Wed 16/07/2014 12:00:00 / Read More »

Dick Smith partners with Vodafone with ambitious targets for growth

Dick Smith has today announced a long-term retail partnership with Vodafone to sell the telco’s smartphones and mobile plans in more than 276 Dick Smith locations across Australia.

Posted Fri 27/06/2014 12:00:00 / Read More »

Dick Smith rapidly expanding online 'click & collect' service

A total of 53 Dick Smith stores are now capable of fulfilling orders made online and the company plans to expand the service to all its 373 stores across Australia and New Zealand.

Posted Wed 11/06/2014 12:00:00 / Read More »

Dick Smith driving growth with store openings, online and private label sales

Dick Smith has outlined its priorities in an investor presentation, highlighting plans to open more stores and increase the overall percentage of sales from online and its private label products.

Posted Fri 23/05/2014 12:00:00 / Read More »

Special Edition: Is discounting killing retail?

With continued deep discounting, countless brand closures and ongoing profit slumps from major Australian retailers, the question has to be asked, have retailers gone too far with discounting and what is the impact of this behaviour?

Posted Wed 16/04/2014 12:00:00 / Read More »

Round Up: Myer & DJs release disappointing results, prompting more merger talk

Both the department stores disappointed with their results for the first half of FY2014, leading to open discussions of a possible merger. Plus, changes to the junior award, ACCC getting serious about online retail and NORA board appointments.

Posted Fri 21/03/2014 12:00:00 / Read More »

Round Up: Dick Smith's strong start and Australian merchandising winners

Going public has been good for Dick Smith, according to its first sales results; There were six Australian winners at a major merchandising awards show in Germany overnight; Changes at the top for Super Retail and there's a new Bronto in the house.

Posted Wed 19/02/2014 12:00:00 / Read More »

Investing in the right online platform

Given that customers now have the ability to access product information more easily wherever they are, retailers have the responsibility to invest in scalable platforms that can support their growing online business.

Posted Thu 05/12/2013 12:00:00 / Read More »

Dick Smith lists on the ASX but shares fall flat

Dick Smith Holdings has now been officially listed on the Australian Securities Exchange but the hype around the consumer electronics business making its debut has fallen a little short.

Posted Thu 05/12/2013 12:00:00 / Read More »

Dick Smith to list on ASX as Anchorage seek to raise $344M

Anchorage Capital Partners has revealed details of its Initial Public Offering (IPO) of Dick Smith. Anchorage is looking to raise $344 million from this offer, which will go on sale to institutional investors on Thursday 21 November 2013 and to retail inv

Posted Fri 15/11/2013 12:00:00 / Read More »

Dick Smith's Move pioneers 'fashtronics' with first store opening

Move, a new concept store that fuses fashion and consumer electronics together, is opening its doors on Saturday at Sydney's Westfield Bondi Junction.

Posted Fri 04/10/2013 12:00:00 / Read More »

Dick Smith Moves into "fashtronics" with new concept store launch

Dick Smith is targeting style-conscious consumers and blending fashion with technology as part of a new "fashtronics" retail store concept, with the retailer set to open two new branded concept stores in Sydney and Victoria in the coming months.

Posted Thu 26/09/2013 12:00:00 / Read More »

One year on, Anchorage confirms it is evaluating selling Dick Smith

Anchorage Capital Partners, owners of the Dick Smith retail chain, has confirmed they have brought on advisors to "evaluate potential options" concerning the on-sale of the famous consumer electronics brand.

Posted Thu 12/09/2013 12:00:00 / Read More »

DJ sales down, hopes high for poorly performing electronics category

David Jones sales have declined slightly for the fourth quarter, and over the past year, driven largely by weakness in the electronics category. Despite this, the retailer hopes to turn things around with the help of Dick Smith.

Posted Thu 29/08/2013 12:00:00 / Read More »

David Jones will see "benefits" from Dick Smith deal: Credit Suisse

With David Jones bringing on Dick Smith to manage electronics sales in its department stores, Credit Suisse research analysts say DJs is set to realise a number of "benefits" from the deal.

Posted Thu 15/08/2013 12:00:00 / Read More »

Dick Smith living and breathing omnichannel with groundbreaking new app

The new Dick Smith has immediately demonstrated that it is thinking outside the traditional bricks and mortar box, revealing that from next week, consumers will be able to purchase directly from a new app.

Posted Thu 08/08/2013 12:00:00 / Read More »

Dick Smith ties store expansion plans with online sales growth

Following the opening of its newest shopfront in Sydney, Dick Smith is planning to expand its Australian network of stores. Tied in with this growth are plans to increase online sales and start fulfilling online orders from every Dick Smith store.

Posted Tue 06/08/2013 12:00:00 / Read More »

Inside Dick Smith's new-look store format: Image Gallery

Amidst swathes of yellow and black, Dick Smith opened its newest store in the Sydney CBD. With an increased focus on computing, mobility and branded store-in-store concepts, here's what we saw when the doors opened...

Posted Thu 01/08/2013 12:00:00 / Read More »

Amidst transformation and uncertainty, Woolworths posts solid sales

Woolworths Limited has reported group sales of $59.2 billion for the past financial year, saying that, despite consumer uncertainty, the retailer is undergoing "transformation" and seeing solid growth.

Posted Tue 30/07/2013 12:00:00 / Read More »

Dick Smith set for "expansion" as Anchorage finalises buyout

Dick Smith has confirmed it will 'expand its footprint' across Australia and New Zealand following its final release from former parent company, Woolworths Limited

Posted Fri 19/07/2013 12:00:00 / Read More »

Hard work pays off for NRA Young Retailer of the Year finalists

Owners and managers of retailers including Dick Smith, Myer, David Jones, Woolworths and Rebel Sport are some of top 25 finalists in the running for the National Retail Association Young Retailer of the Year title.

Posted Fri 21/06/2013 12:00:00 / Read More »

Leaders and Followers: the best and worst of retailers using Twitter

Across the board in 140 characters.

Posted Tue 05/03/2013 12:00:00 / Read More »

Woolworths releases final Dick Smith results

Woolworths Limited has released its first quarter results for the 14 weeks until 30 September, seven days before it sold the struggling Dick Smith retail business to Anchorage Capital Partners.

Posted Fri 19/10/2012 12:00:00 / Read More »

Dick Smith finds new owner

Woolworths Limited has just announced the signed share sale agreement for the divestment of Dick Smith Electronics, with private equity firm Anchorage Capital Partners coming on board.

Posted Thu 27/09/2012 12:00:00 / Read More »

Good Guy tops satisfaction survey

The Good Guys has picked up Canstar Blue's award for most satisfied customers for the second year running, following a consumer poll that compared electronics retailers and tracked customer interactions with Australia’s leading stores.

Posted Fri 14/09/2012 12:00:00 / Read More »

Dick Smith restructure costs Woolworths

Due to the restructure of Dick Smith electronics business, which is costing the company $420 million, Woolworth’s has reported a net profit of $1.8 billion, down 14.5 per cent for the 2012 full year to June 24.

Posted Fri 24/08/2012 12:00:00 / Read More »

Debra Singh resigns as Dick Smith MD

Dick Smith’s managing director, Debra Singh, is set to depart in August following 11 years working with the company.

Posted Thu 02/08/2012 12:00:00 / Read More »

Dick Smith sell-off imminent?

The plan by Woolworths to off-load its Dick Smith electronic stores is moving ahead with formal negotiations taking place with a number of parties.

Posted Thu 21/06/2012 12:00:00 / Read More »

Harvey Norman blamed for JB's slide: RBS report

Following JB Hi-Fi's profit downgrade last week, a leading industry analyst has said that the company's weaker than expected profit forecasts were the result of market-wide discounting, led by Harvey Norman.

Posted Tue 01/05/2012 12:00:00 / Read More »

Dick Smith's $1 Sale: Retailer offers apology

Following a bungled sale at the beginning of the month which saw disgruntled consumers walking away empty handed, Dick Smith has extended its "Game On" gaming sale.

Posted Thu 12/04/2012 12:00:00 / Read More »

Woolies sells Dick Smith

Expected to see the closure of up to 100 underperforming stores over the next two years, Dick Smith will be divested to interested buyers.

Posted Tue 31/01/2012 12:00:00 / Read More »

Woolworths' grand plans

At its investor briefing, Woolworths Limited announced several plans for the company including its multi-channel ambitions, a a push on own brand products and revising the strategy for Dick Smith.

Posted Wed 02/11/2011 12:00:00 / Read More »

2011 ORIAs finalists announced

Over 100 entries were received from retail players such as Bing Lee, Sportsgirl to niche/specialist retailers including, Shoes of Prey and Appliances Online.

Posted Fri 02/09/2011 12:00:00 / Read More »

Dick Smith and Big W set to open next to Canberra Costco

Retail giant Woolworths announced on Monday that it plans to open a new Dick Smith retail shopfront in the Majura Park precinct near Canberra Airport.

Posted Wed 29/06/2011 12:00:00 / Read More »

Who wants to be a millionaire?

Armed with a suitcase full of cash, businessman Dick Smith will announce details of his Wilberforce Award - with $1 million cash to be given away.

Posted Fri 06/08/2010 12:00:00 / Read More »

Woolworths posts a $2.1 billion sales increase

Woolworths this week announced full year sales of $51.7 billion, a $2.1 billion or 4.2 per cent increase on the previous year.

Posted Fri 23/07/2010 12:00:00 / Read More »

Room for improvement in retailers email marketing campaigns

A study has found that retailers such as Big W, Dick Smith and Myer are 25 per cent more likely to offer email recipients choices during the opt-in stage than those in the US, but lag behind in offering consumers sale or discount incentives.

Posted Thu 06/05/2010 12:00:00 / Read More »

Survey says 65% of shoppers struggle with new technology

Almost two thirds of consumer electronics shoppers find instruction manuals for technology products too hard to understand or simply do not have time to read them.

Posted Sat 20/03/2010 12:00:00 / Read More »

Woolworths half year sales up 6%

Woolworths has announced that half year sales have increased six per cent to $27.2 billion with Big W, Dick Smith and Woolworths supermarkets all showing growth.

Posted Wed 27/01/2010 12:00:00 / Read More »

Woolworths sales increase 7.4 per cent

Woolworths announced first quarter sales of $13.4 billion, as sales increased 7.4 per cent.

Posted Sat 24/10/2009 12:00:00 / Read More »

77 per cent of consumers will upgrade to digital radio

A Dick Smith survey has found that 77 per cent of consumer electronic shoppers are likely to upgrade to digital radio.

Posted Wed 01/07/2009 12:00:00 / Read More »

Aussie consumers ready for HD digital TV

A survey has found that 60 per cent of consumer electronics shoppers currently own a digital set top box or television, making them well equipped to receive the new HD digital television channels to be rolled out later this year.

Posted Tue 21/04/2009 12:00:00 / Read More »

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