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

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments