Dick Smith slows NZ sales decline after shifting some functions to Australia, outsourcing

Thu, 17 Apr 2014

April 17 (BusinessDesk) – Dick Smith Holdings, the electronics retailer that went public last December, says it slowed the rate of sales decline at its New Zealand stores after shifting some support functions to Australia and outsourcing deliveries. The ASX-listed retailer posted what it called like-for-like sales, stripping out some items. New Zealand sales fell 18.8 percent to NZ$44.9 million in the third quarter, or a decline of 5.6 percent to A$138.4 million in Australian dollar terms, it said in a statement. That was an improvement from...

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