Harvey Norman takes a look at Dick Smith’s Move stores

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 1-Mar-16

The financial accounts of Dick Smith Holdings show that it posted a loss of $A60.5m in November 2015 and $A100.3m in December. Meanwhile, rival retailer Harvey Norman has indicated that it might be interested in taking over Dick Smith’s four Move stores that are located at airports. Executive chairman Gerry Harvey says he usually shuns airport stores due to high rents and overheads, adding that he would only be interested in taking over the Move leases if the stores are profitable.

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, MOVE, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, FERRIER HODGSON AND COMPANY, SYDNEY AIRPORT – ASX SYD, CLIVE PEETERS, RICK HART DISCOUNTS

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