In yet
another example of the changing nature of retailing, department store David
Jones has signed a deal transferring management of its electronics business to
Dick Smith Electronics beginning in October.
David
Jones has struggled with profitability of its electronics business in a very
competitive market. The new operation will be branded as David Jones
Electronics Powered by Dick Smith. Dick Smith will take over all inventory and
fixtures and fittings associated with electronics although the deal excludes
whitegoods and small appliances.