Everyone knows how tough it is in retail at the moment, and few would be surprised by Woolworths' decision to exit the Dick Smith business. Nevertheless, Dick Smith could hardly be regarded as a basket case. The stores look fantastic*, the product range is excellent, and the service is generally very good. With the closure of 100 or so of their under-performing stores, and in the dedicated hands of a new purchaser, Dick Smith would seem to have every chance of a bright future, especially once the world economy returns to growth.
* Disclosure: as the supplier of signage and point of sale to Dick Smith, we're obviously biased!
(See: Article in today's Australian)