Feeds

Firm Dick sales excite buyers

Woolies stroking queue of purchasers for soft-core business

Beginner's guide to SSL certificates

“A number of potential purchasers have expressed interest” in acquiring Dick Smith from Woolworths, according to half-year results released today.

The report shows why the chain may not be an entirely impotent force in the market – sales were up 2.4% for the half despite generally tough retail trading conditions. New format Dick Smith stores did even better with sales surging 8.7%. Profits, however, were elusive with just $19.5 million remaining from $873 million in sales.

The giant retailer has therefore popped a $300 million “restructuring provision” onto its books as part of its plan to divest itself of the electronics business, which is now in the balance sheet dustbin of discontinued operations and therefore earns stern language describing it as non-core business.

The results document is silent on just who wants to stroke Dick Smith back to life, or just when a new owner will be announced.

®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.