Dick Smith has confirmed what many of its shareholders already expected. The company does not have the money to pay its creditors and therefore, will not return any money to them.
Iconic electronics retail chain, Dick Smith Electronics, has officially closed the doors on its retail stores for the last time.
Dick Smith, the retailer that ceased trading on May 3 as a result of financial difficulty, has been relaunched in the A/NZ market as an online-only retailer.
Nearly 400 Dick Smith bricks-and-mortar stores across Australia and New Zealand are set to close by 30 April, the retailer’s receivers have confirmed.
363 Dick Smith stores across Australia and New Zealand will be closed after the receivers couldn’t find a suitable buyer for the electronics retailer.
A further 22 support office employees, along with CFO Michael Potts, have been retrenched at retailer Dick Smith, as the receivers continue to ‘restructure’ the retailer.
Consumer electronics retailer, Dick Smith (ASX:DSH), will be closing down 27 of its stores and terminating the employment of 181 employees, according to receivers and Managers to Dick Smith Holdings and associated entities, Ferrier Hodgson.
Dick Smith recently placed itself into voluntary administration, with the company’s administrator, Ferrier Hodgson, announcing that “due to the financial circumstances of the group, outstanding gift vouchers cannot be honoured and deposits cannot be ...
A syndicate of lenders in retailer, Dick Smith (ASX:DSH), have made the decision to appoint receivers to the business.
ASX-listed retailer, Dick Smith, has issued a cautious outlook as it heads into the Christmas trading period following a $60 million inventory write-down.
Discounts as high as 90 per cent will be available from 300 participating retailers when the 2015 Click Frenzy sale goes live tonight.
Retailer Dick Smith is reducing prices on select items to mark the end of financial year.
Dick Smith has entered the direct post-paid mobile market through a new partnership with Vodafone, and has confirmed it is holding talks with both Telstra and Optus.
Samsung will hold an Australian launch event for its upcoming Galaxy S5 flagship on the 26 of March. Official invites issued to Australian press indicate Australia could be one of the first countries to launch the smartphone two weeks later.
Electronics retailer, Dick Smith, will be giving away $30 of Globalgig credit with any SIM-enabled tablet purchased between December 5, 2013, and January 31, 2014.
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