#1
Thu, 25/02/2016 - 15:27
Dick Smith to Close all store by 8 weeks time
http://www.smh.com.au/business/retai...
not good for competition or the job losses
Dick Smith's receivers are shutting down the loss-making electronics chain, putting close to 3000 staff out of work after failing to find a buyer for the troubled operation in Australia and New Zealand.
Read more: http://www.smh.com.au/business/retai...

newuseragain
Regular Member
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Sorry to hear that!
I thought they will bounce back. Especially sorry for there work force.
nick123
MOD
Well, this is it. We had so many deals for them, and a lot of my first deals were actually Dick Smith ones.
Up goes the unemployment rate - hopefully the ones that are losing their jobs can find another job really soon.
DJPigeon
Regular Member
Dick Smith deals have been big at TopBargains. Many of the users have shared there deals here mostly every day.
Sorry to see the demise. Over the years the visitors have saved a lot on tech deals.
nick123
MOD
The silver lining is that employee entitlements would rank as priority and are expected to be paid in full by Dick Smith.
nick123
MOD
Disk Smith is planning massive sale store-wide.
Preview:
Source
nick123
MOD
No staff discount for employees. That's not good.
nick123
MOD
Help the staff get sales consultant or support roles.
Source
nick123
MOD
Good on Flight Centre. But this must also be a publicity stunt too.
Products are getting marked down anyway, and it's only for the short term. They'll live without a staff discount :) The only issue we have is that we now have one less major competitor on the market, meaning we will have less competitive prices from other retailers like JB and Harvey Norman.
DJPigeon
Regular Member
Agreed. Low competition is never good. You could have got excellent bargains at Dick Smith because of there discount coupons in TopBargains almost everyday.
I guess same is gonna happen with Masters vs Bunnings too.
nick123
MOD
yes hopefully they get their full pay and entitlements
newuseragain
Regular Member
yes hopefully the flight centre is genuine offer and those interested take up the generous offer
newuseragain
Regular Member
an update, a number of stores are closing down this week, with the rest closing by the end of the month.
http://www.news.com.au/finance/busin...
DJPigeon
Regular Member
Will the stores in nsw will be open for the rest of the month?
nick123
MOD
Not sure, would be good if we had a list of the closing dates of each store though
DJPigeon
Regular Member
Found a list of stores announced by Ferrier Hodgson. Many NSW ones by Saturday.
http://www.ferrierhodgson.com/au/med...
DJPigeon
Regular Member
Looks like tomorrow is the final day and that is the end of the road.
DJPigeon
Regular Member
OWilson87
New User