Friday 16 August 2013

David Jones and Dick Smith Sign Co-operative Deal

In yet another example of the changing nature of retailing, department store David Jones has signed a deal transferring management of its electronics business to Dick Smith Electronics beginning in October.

David Jones has struggled with profitability of its electronics business in a very competitive market. The new operation will be branded as David Jones Electronics Powered by Dick Smith. Dick Smith will take over all inventory and fixtures and fittings associated with electronics although the deal excludes whitegoods and small appliances.