Dick Smith to run DJ’s electronics

Upmarket department store David Jones has struck a novel arrangement with retailer Dick Smith to take over the day-to-day running of its struggling home electronics and entertainment category, freeing the department store owner from the sector which has dragged down in its performance in recent years.
In an announcement made to the Australian Securities Exchange this morning, David Jones said it had entered into a retail brand management agreement with the private equity owned Dick Smith to operate its electronics offering from October 1.  Sydney Morning Herald – Read more…