There was one winning Australian entry at the 2014 World Retail Awards, held this week in Paris. Several other Australian retailers, however, missed out.
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.
Retailer reported an increase in sales driven by opening new stores, embracing omnichannel retail and an increased focus on private label products.
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
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.
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.
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.
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.
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?
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.
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.
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.
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.
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
Move, a new concept store that fuses fashion and consumer electronics together, is opening its doors on Saturday at Sydney's Westfield Bondi Junction.
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.
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.
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.
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.
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.
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.
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...
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.
Dick Smith has confirmed it will 'expand its footprint' across Australia and New Zealand following its final release from former parent company, Woolworths Limited
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.
Across the board in 140 characters.
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.
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.
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.
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.
Dick Smith’s managing director, Debra Singh, is set to depart in August following 11 years working with the company.
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.
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.
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.
Expected to see the closure of up to 100 underperforming stores over the next two years, Dick Smith will be divested to interested buyers.
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.
Over 100 entries were received from retail players such as Bing Lee, Sportsgirl to niche/specialist retailers including, Shoes of Prey and Appliances Online.
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.
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.
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.
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.
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.
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.
Woolworths announced first quarter sales of $13.4 billion, as sales increased 7.4 per cent.
A Dick Smith survey has found that 77 per cent of consumer electronic shoppers are likely to upgrade to digital radio.
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.