Dick Smith chief executive Nick Abboud is considering taking his female-friendly Move stores offshore as the retailer eyes growth opportunities beyond its traditional consumer electronics base in Australia.
Launched by Mr Abboud in October last year, weeks before Dick Smith’s AUD520 million (USD456.7m) float, Move is now the fastest-growing and most productive part of the retailer’s business and is gaining global recognition after being nominated for three retail innovation awards.
After receiving approaches from investors seeking to franchise the "fashtronics" concept, Mr Abboud is looking at options for taking Move overseas once store numbers have risen in Australia from seven to more than 30, including about 10 airport locations.
(Source: The Sydney Morning Herald Online )