Receivers to close Dick Smith stores after failing to find a buyer

Thu, 25 Feb 2016

By Edwin Mitson Feb. 25 (BusinessDesk) - All of the Dick Smith stores in Australia and New Zealand are to close within the next eight weeks after the receivers said they had received no acceptable offers for the business. The electronics store went into receivership on Jan 5. It brought in external consultants after disappointing trading in October and November and launched what it described as "significant marketing activity" to try to boost sales in the run up to Christmas and compete with rivals JB Hi-Fi and Harvey Norman. The only...

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