Menu
DSE NZ electronics sales fall

DSE NZ electronics sales fall

Dick Smith Electronics owner Woolworths has started its new financial year with a drop in local consumer electronics (CE) sales.

CE sales in New Zealand for the first quarter of the 2011 financial year, ending October, fell 2.3 percent year on year to $84 million.

The company says the CE market locally continues to face macroeconomic challenges, adding comparable store sales fell 4.2 percent here for the quarter.

The electronics sales results for this country contrast with those recorded for Australia, where sales increased nearly one percent year on year, and for the trans-Tasman operations, where sales grew 0.3 percent. Seventeen Dick Smith stores were opened across Australia and New Zealand during the period, with three refurbished.

Woolworths chief executive Michael Luscombe said his company had made a solid start to the year, but said tight consumer spending was an underlying challenge for the retail sector.

Overall, Woolworths achieved a 4.2 percent boost in sales to reach A$13.9 billion.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags dick smith electronics

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments