[AUS/NZ] Retailer Dick Smith Electronics to close

[Guest]

 

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Electronics retailer Dick Smith will close its 363 Australian and New Zealand stores within eight weeks, putting 2,890 staff out of a job.

Receiver Ferrier Hodgson says it has not managed to find a buyer for the troubled retailer, which went into receivership in January with debts of about $400 million.

"While we received a significant number of expressions of interest from local and overseas parties, unfortunately the sale process has not resulted in any acceptable offers for the group as a whole or for Australia or New Zealand as standalone businesses," receiver James Stewart said.

"The offers were either significantly below liquidation values or highly conditional or both."

http://www.sbs.com.au/news/article/2016/02/25/dick-smith-close-its-doors-good

 

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Unfortunatley down she goes guys

[foxhound590]

well they did become a toy shop  but it is sad to see them go

[Serin]

About time.
I got bored of walking in and pretending to be an idiot to see how badly they screw over actual tech illiterates years ago.

[RZeroX]

They charged a lot for like cat 6 5m $40 when you can easily get them for like $7, they didn't sell anything which interested me or they sold things I could get cheaper and there is meant to be a sale tomorrow.