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- Aussies set to 'shake up' Silicon Valley with StartupHouse
- Samsung Galaxy Tab 8.9 LTE expected to launch on Telstra in late Feb to early March
- Rumour: Telstra to launch Galaxy S II 4G and Galaxy Note in the near future
- Meet Westpac’s new technology leaders
- Start-up pipeline: new lab for Aussie ideas
- Privacy chief probes Google
- Suncorp rules out outsourced IT as customers go online
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- Conroy may act following Optus court win
- NSW Businesslink eyes Oracle CRM on-demand
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Posts Tagged ‘woolworths’
Featured, Gadgets, News - Tuesday, January 31, 2012 12:52 - 14 Comments
Woolworths walks away from Dick Smith
news Retail giant Woolworths today revealed plans to sell its Dick Smith chain of consumer electronics stores, following a strategic review of its broader assets finished in November 2011. It also plans to close up to 100 Dick Smith stores in the next two years.
The review, according to a statement issued by Woolworths today, concluded that Woolworths’ main strengths were primarily in “larger format, multi-channel, high-volume retail segments with market-leading positions”. In this context, the company said, “the future of the Dick Smith business, which is profitable, experiencing positive sales growth and has a strong brand position, could be better realised through new ownership.”
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