Dick Smith's parent company, Woolworths Limited, has reported a 3.4 percent growth in its total consumer electronics sales when compared to the previous year.
In Australia and New Zealand, consumer electronics sales fell 0.5 percent for the full year to $1.5 billion, but the decrease was offset by strong sales in India, which grew by 34.8 percent.
Comparable sales in Australia were up 1.6 percent including 8.5 percent for Dick Smith stores, excluding Tandy and Powerhouse.
"The result reflects the cycling of the prior year Government stimulus payment and a tightening of consumer spending in Australia," Woolworths said.
Tandy and larger format Powerhouse stores are currently being phased out and rebranded as Dick Smith.
Twenty-four new Dick Smith stores opened during the year and 40 Tandy stores were rebranded, while 19 Dick Smith and 25 Tandy stores were closed.
"The new format stores in Australia have now reached 42 percent and are outperforming older store formats," Woolworths said.
Woolworths Limited reported a full sales of $51.7 billion a 4.2 percent increase on the previous year.
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