1 Feb 2012

Dick Smith stores for sale

5:32 am on 1 February 2012

Woolworths plans to sell the Dick Smith chain of electronics stores.

The Australia-based grocery company says it has already received several offers for the stores since it announced a strategic review of its consumer electronics business last November.

It is also planning to close 100 under-performing stores within the next two years.

Woolworths chief executive Grant O'Brien says Dick Smith will continue to operate as normal while a buyer is found.

Mr O'Brien says workers affected by closures will be offered employment elsewhere in the group.