Compared to the previous corresponding period, consumer electronics in the
Woolworths said the consumer electronics result was impacted by tightened consumer spending in
But Woolworths managed to open 17 Dick Smith shops in
Woolworth's $13.9 billion first quarter sales - including petrol and liquor - allowed chief executive officer Michael Luscombe to state that the period was “a solid start to the financial year". It grew by 4.1 percent compared to the corresponding period.
But he also said the market “continued to hold underlying challenges for the retail sector.”
Tandy and larger format Powerhouse stores are being phased out and rebranded as Dick Smith.