Dick Smith Enters in Liquidation, Closure of Stores / Closing Down, Sales

Lthe-mal on 04/01/2016 - 11:21
Last edited 02/05/2016 - 15:37 by 3 other users

Dick Smith shares are now in a trading halt with an announcement on debt financing due by Wednesday.

More bad news for Dick.

http://www.smh.com.au/business/retail/dick-smith-shares-ente…

Get the bargains whilst they last because I can't see Dick Smith existing much longer.

Recent Updates:

Discounts via BI:

Apple products, including iPhone, iPad, Apple Watch: 5%
Apple cables: 30%
Game consoles and games: 20%
All TVs: 20%
Samsung phones, tablets and TVs: 20%
All Smartphones (Except iPhone): 20%
Laptops: 20%
Microsoft, including Surface products: 20%
Drones: 20%
DSLR cameras: 20%
Headphones, including Beats: 30%

Older Updates:

General Discussion

Related Stores

Dick Smith / Kogan
Dick Smith / Kogan
Marketplace

Comments

    • wtfnodeal on 06/01/2016 - 22:49

      Good to see less and less gift cards being sold without any discount in future if the consumers now have learned a lesson. The whole gift card giving "culture" has never been accepted as a good kind of gifts in most Asian countries.

      • fillit on 06/01/2016 - 23:09

        I think it's taboo to give money as a gift in Western culture.

        Whereas in Asian culture it's widely accepted (i.e. red pockets).

        I once copped slack for giving a workmate money as a KK as I couldn't be bothered buying something crap that they don't want and wouldn't use..

        • wtfnodeal on 06/01/2016 - 23:37

          Well at least a prepaid credit card is closer to cash right? Not some gift cards limited to certain stores.

        • [Deactivated] on 06/01/2016 - 23:52

          what's a KK?

        • CryssieJade on 07/01/2016 - 00:10
          +1

          @astroberryz:

          KK = Kris Kringle
          It's where say, everyone in a workplace puts their name in a hat, and the person who pulls a particular name out of the hat has to buy that person a gift, usually with a certain cash limit involved (usually about $10-$20).

          It means you only have to buy a gift for one person instead of everyone.

          I think this is known as Secret Santa in some countries?

        • miicah on 07/01/2016 - 01:58

          @CryssieJade: Never heard it called Kris Kringle in Australia

        • juzz0 on 07/01/2016 - 02:22
          +1

          @miicah: Depends which part of Australia maybe, but it was commonly called Kris Kringle when I went to school and in the workplace still.

        • fillit on 07/01/2016 - 11:38

          @wtfnodeal: in hindsight I could have done that, but what's wrong with cash?

        • fillit on 07/01/2016 - 11:40
          +2

          @juzz0: I'm from Melbourne it has always been referred to as kris kringle

  • euk on 06/01/2016 - 22:48
    +2

    Correct me if i'm wrong, but it looks like dick smith knew a while ago that things were going to fail, yet still traded gift cards, and actively promoted it before collapsing.

    Isn't that trading while insolvent, with the aim of obtaining money via deception?

    • NeggerOfDeals on 06/01/2016 - 23:00
      +1

      What are they going to do? Sue them?

      • euk on 06/01/2016 - 23:21

        I think it's a criminal offence, so no. You'd get jail time for that.

        • NeggerOfDeals on 07/01/2016 - 11:46

          It was a joke :D

          DS would argue that they expected more Christmas sales than what transpired. Would be tough to prove. Even though I agree with you. I didn't have a gift card, but I still feel the same anger as you guys do. What DS did was absolutely disgusting.

    • wtfnodeal on 06/01/2016 - 23:04
      +2

      Only if you can prove at the time they started to heavily promote 10% extra gift card value were already insolvent. I think ASIC is weak on investigating this kind of insolvent trading so lets just say if nobody proves it then it never happens.

    • gstfree on 07/01/2016 - 07:00

      Agree with you. DSE shows insolvency trading and it's against the corporate act. Everyone who bought giftcard recently should stand up and lodge a complaint. Administration of corporate act is ASIC's responsibility. Once insolvency trading is established, the directors will be personally liable.

      Also consumers have legal rights to return DSE cards to Woolworths and Coles on the basis the gift card could not be used as per the description. (Fund passed to DSE or low margin is not a lawful execuse to act against consumer laws.)

    • INFIDEL on 07/01/2016 - 09:05

      It was the previous DS administrator that sold the Gift Cards. With a pile of money after Christmas, its creditors (banks) moved in to control the assets under their administrators - it was their best chance to get their money back. When that happens, unsecured credit is normally terminated under the Corporations Act.

      • wtfnodeal on 07/01/2016 - 11:31

        Come on, am I the only think this is all planned? Banks & creditors might have already had a meeting with DS board of directors to discuss how to get more money from the consumers before calling in the receivership.

        • INFIDEL on 07/01/2016 - 11:43

          No, you're far from the only one who thinks that. Its a different matter to prove it. There maybe other explanations. At this stage we can only go by the facts.

          DS sales were $1.1B last year, according to News Ltd. Christmas is the big sale time in retail, it is the time the tills should be full. And DS had just sold most of its stock in a huge sale. Its also the main time to push gift card sales.

          So as a bank seeing rapidly slumping share value, if you want your money back - its the best time to grab it, as happened. And do it before massive restocking starts when warehouses open after the Christmas break. Its all a matter of timing & not conscience for the banks.

          ACCC are in discussions with the receivers over the Gift Card issue, according to media reports. But the ACCC site says as unsecured creditors - expect to lose your credit when receivers are appointed…

        • regenade on 08/01/2016 - 00:21

          @Infidel:Australian authorities are super lax with billions of dollars earning banks and similar entities. It's a business friendly but unfortunately not a consumer friendly. You should see how businesses are whipped in Asian countries, recent Nestle example in India. It's like Australia don't have any other choice but to fold and welcome business and large enterprise friendly policies here.

        • INFIDEL on 08/01/2016 - 00:48

          @regenade:
          As a recently deposed PM said "Australia's open for business"… that made me very worried.

        • [Deactivated] on 08/01/2016 - 03:30

          @regenade:

          Nestlé example in India

          Do you mean the drama about Maggi and lead?

  • theone4Abargain83 on 06/01/2016 - 22:54

    I now wonder what this will mean for the DSE spin-off, MOVE and their recent acquisition Mac1 http://www.crn.com.au/News/401559,dick-smith-electronics-buy… ?

    • Flowerbomb on 07/01/2016 - 00:10
      +1

      I doubt move will survive. It's a specialist store selling only expensive tablets/phones/speakers and overpriced cables and accessories. More risky than dse. Everytime I pass by the cbd Adelaide store, there are more staff than customers.

      • berger on 07/01/2016 - 09:07

        i bought a little bluetooth speaker a week before xmas and the MOVE store was dead, on a saturday around 1pm

        • Flowerbomb on 07/01/2016 - 10:30
          -1

          That's terrible, less than a month of use. You may be entitled to a refund for a faulty product if u go back soon.

        • berger on 08/01/2016 - 07:55

          @Cronut:

          huh

        • diazepam on 08/01/2016 - 11:32

          @berger: i think he's referring to the 50c-$5 move stuff on the dick smith sales a month ago

        • JimB on 08/01/2016 - 11:34

          @berger:

          Cronut thought that your bluetooth speaker died lol

        • berger on 08/01/2016 - 13:57
          +1

          @JB1:

          nah just the retailer it came from

    • malouphix on 07/01/2016 - 10:25

      I feel sorry for Mac1.

  • justhooked on 07/01/2016 - 00:13
    +2

    This link was on a local crime watch Facebook page !!

    https://www.commerce.wa.gov.au/announcements/advice-dick-smi….

  • juzz0 on 07/01/2016 - 02:33
    +2

    I've noticed Dick Smith have gone quiet in responding to Facebook posts (over the last 48 hours). I'm curious about whether 'Amanda' (the PR rep on the DS facebook page) abandoned ship, whether 'Amanda' was the handle name various social media managers took on to communicate with the public (whether there was one 'Amanda' at all) or whether Amanda was told to keep quiet and let the storm of outrage wash over the page.

    It would be interesting hearing from her considering the amount of anger she received by incensed members of the public. I'm guessing the public posts to wall were just the tip of the iceberg (considering the many private messages they would receive). Anyone associated know of 'Amanda'? Hopefully Amanda is OK. #DSHelp

    • the-mal on 07/01/2016 - 07:29
      +5

      It's pretty wise to cut off social media in these situations. Firstly, if it's controlled by a disgruntled soon-to-be-ex employee the chance of some less than savoury or legally dangerous comments appearing is high. Secondly, they simply wouldn't have any answers to the deluge of abuse/questions they'd be getting.

      And I'd bet my bottom dollar Amanda was a group of people, possibly offshore just like the very heavily accented "David" I spoke to on their Customer Support line a little while back.

      • marc86au on 07/01/2016 - 08:07
        +1

        Quite possible the social media staff have already been let go as they would be seen as non-essential. Perhaps that hasn't happened yet but based on a past experience head office staff who are no longer needed such as buyers get let go pretty early in the process.

        • INFIDEL on 07/01/2016 - 09:17
          +1

          It may have been outsourced. With the prospect of the bill not being paid, the plug would be quickly pulled.

      • MondaySleeper on 07/01/2016 - 09:19

        Hi 'the-mal'

        Could you please tell me which number you were able to get the customer support? I have been trying their 1300 366 6444 since Tuesday for around 8-10 times but without any luck.

        Thanks mate….

        • the-mal on 07/01/2016 - 15:37

          That was the number that I used, but this was a few weeks back when I was chasing an order well before the receivership. It was definitely an outsourced call centre so I'd say they've been halted to save costs. Sorry!

  • Exec-Matrix on 07/01/2016 - 07:14
    +2

    I wonder how Mr Smith feels about it. Even though he has no ties to the business no longer, I'd still feel like shit about it.

    • the-mal on 07/01/2016 - 07:31
      +5

      He's spoken to the media several times already, mainly to reinforce that whilst it has his name it has nothing to do with him.

      He seems genuinely sad about it, as any decent person would be considering it'll be putting 3300 odd people out of work.

      • neonlight on 07/01/2016 - 11:46

        I actually don't understand why Dick Smith himself allowed Woolworths to continue use his name at the point of sale, unless he was optimistic that they will do well with his name and keep using that name for good. No matter how many times he explains, some people will somehow still thinks its related to him.

        • INFIDEL on 07/01/2016 - 11:58
          +9

          The business name would have made up a fair bit of the sale price as 'Goodwill'. Woolworths would not have be interested in just buying the stock & stores & having to create a new name without the years of brand recognition. Its a trademark, a brand name, as well as Dick's name. His name & stylised face were a recognisable asset for the purchaser. That goodwill will be worth little now.

        • neonlight on 07/01/2016 - 13:00

          More like nothing now and tarnish his name actually with the demise of Dick Smith.

        • INFIDEL on 07/01/2016 - 13:08
          +3

          @neonlight:
          The value of goodwill is more its expected future worth. Valuing it is a specialist field, so maybe google it if you don't understand.

          If the business survives, it will recover quite some value as people tend to have short memories & respond generally favourably to known marketing symbols associated with an established (nearly 50 years) business like DS.

          Woolies spent a fortune on new signage, business name (Dick Smith, rather than Dick Smith Electronics) a while before selling it. Goodwill is worth protecting & enhancing.

          Dick has millions (dollars) of reasons not to be too worried about what people think of him. He's always been a great seller of himself. He doesn't seem to mind being given media attention.

          This is a man who jumped up & down on a pogo stick in front of the media shouting "I'm hopping mad about Foreign business" - to self-servedly protect his stores' market share from TANDY from the USA. He spun it as buying Australian, despite most of his stock being similarly imported! From that he earnt the reputation of standing up for Australian owned & made!!

          He always says DS was a business he sold decades ago. If people don't listen or read that he doesn't have anything to do with the business, its not his issue.

          Just like the McDonalds sold their business, but its still called McDonalds. The goodwill value of the family name, trademark golden arches & other marketing creations would be a large part of the value of the business.

  • tanastra on 07/01/2016 - 09:43
    -1

    Ask your banks for charge back and if you have paid with cc, you could try to ask your cc company to get a refund . Here is link for it : http://www.afr.com/business/retail/customers-with-dick-smith…

    Also, a gift card app company probably able to help honour your gift card

    http://www.smartcompany.com.au/finance/49440-gift-card-app-a…

    • oz-dave on 07/01/2016 - 12:50
      +2

      I am sure you are trying to be helpful but read your second link because your wording is misleading due to omission - there's no point giving people false hope :-(
      It's already been discussed in numerous OzBargain threads including this thread dedicated to it, that the company is only honouring the gift cards purchased from them directly.
      If you think about it logically it would be suicidal for their business to honour gift cards purchased from others such as Woolworths/Coles.

      • INFIDEL on 07/01/2016 - 14:05
        +1

        Of course their offer had been spun in some of the media as an offer for all DS gift cards :(

        Businesses (& the media) are cashing in on Dick's demise.

        Very good for their marketing. The increase in their market value & future sales will outweigh the probably small loss in this promotion. I'm sure they know the exact upper limit of their exposure - which would be less than the amount of DS Cards they have sold in 1 month of business.

  • overlord on 07/01/2016 - 12:00
    +3

    They still have a one day only promotion today $10-off/$49 and $30-off/$149 order. Coupon code BACK10 and BACK30. ONLINE ONLY.
    Admiral Ackbar - "It's A Trap!"

  • ca6leguy on 07/01/2016 - 12:53
    +4

    Every time when managements fails, workers loses while management profits with the golden handshake.

    • Eivad on 07/01/2016 - 23:35

      I don't think anyone's getting a golden handshake out of this VA. More like bad reputations and some added difficulty in finding their next job

  • Mintee on 07/01/2016 - 12:53
    +2

    I just feel that more and more electronic stores seem to be closing up. Retravision did it a few years back in VIC.

    Im more concerned of the impact this will have on places like JB / Harvey / Good Guys.

    For example, if I wanted to buy a ps3 game, id be going to DSE, JB, EB games, Harvey or Game (back in the day) and try get the best price.

    Similarly, in the whole TV space I feel that all youre pretty much left with the JB, Harvey and the Good Guys now, less competition? more room for higher prices?

    • wkd on 07/01/2016 - 13:27
      +1

      higher prices dont really work anymore since online competition came about. thats probably why most of these store went out of business in the first place

      • wtfnodeal on 08/01/2016 - 00:12

        GST is not free anymore after 1/7/2016 for import goods? So in the end we are still stuck with either local online retailers or store front retailers?

        • [Deactivated] on 08/01/2016 - 03:33

          GST is not free anymore after 1/7/2016

          Srsly?

    • beyondtool on 07/01/2016 - 21:27

      All this type of entertainment is going online. There is no reason to need to go to a bricks and mortar store anymore for something that can be readily purchased online. The writing has been on the wall for some time. Hell the xbox one was originally going to be solely online until the backlash. These days I download steam games and use spotify or stream on netflix…what need do I have to pay for fuel, park, fight the crowds to buy physical entertainment media from a disgruntled staff member?

  • wobbie on 07/01/2016 - 12:58
    +2

    I had a look in some Dick Smiths over the christmas period, let's be honest, they were shyte stores

    • ca6leguy on 07/01/2016 - 13:02

      You are not looking hard enough.

  • ShamelessBargains on 07/01/2016 - 13:11

    Still getting ads on the radio about specials from Dick Smith. Seems sort of strange but they probably prepaid for a certain amount of time.

    Walked past a store yesterday and there were heaps of people in there looking for a bargain. As soon as people here receivership, they flock to the store even though the "fire sale" might not even happen if they get snapped up by another private equity firm…

    • fillit on 07/01/2016 - 13:30

      took a browse through the highpoint shop, nothing special

    • INFIDEL on 07/01/2016 - 14:09
      +1

      Those foolish bargain hunters - don't they know about Ozbargain ;-)

    • theworks on 07/01/2016 - 21:48

      ShamelessBargains. We called that Dickies would fold months ago didn't we? ;) Couldn't find the comment though.

    • mmd on 08/01/2016 - 00:36

      Yep heard a quick 10 sec radio ad this morning.

    • [Deactivated] on 08/01/2016 - 08:26

      I doubt any private equity firm would touch them (unless they dump the Dick Smith name).

      The voluntary administrator made sure of this by not honouring gift cards, deposits or layby payments.

      However, I wouldn't be surprised if there was a Dick Smith mark II with the Tandy brand being revived.

  • Saiya on 07/01/2016 - 15:51

    Yep went there this afternoon. No bargains at all.

  • nedski on 07/01/2016 - 16:56
    +7

    Noooo… The Dick Smith facebook page has turned off posts to page. They were so entertaining to read.

    I am actually amazed how some of these people went in to buy a TV set, the store didnt have it in stock so the customer paid for it in full and would wait for it to come in.

    Who actually does that? I am not laying out cash for a product that I cant instantly walk out the door with. If they dont have that model, then go shop at Bing Lee, TGG, HN or JB.

    But my favourite posts were people demanding someone from DSE message them about their Gift Voucher or people giving advice that if you want to use your gift voucher, just walk in, take an item and leave behind the gift voucher, its not stealing facepalm.

    • [Deactivated] on 07/01/2016 - 21:15
      +1

      You'd be surprised how many people insisted on paying Customer Orders in full for catalogue or other special items. Always had a few pending constantly in my time at DS. We'd never ask for payment in full, normally just a deposit but many people would insist on paying the lot so they didn't have the money free to spend on something else…

      • mmd on 08/01/2016 - 00:42

        You called it right. I'm one of those who pay for things if it isnt in stock and is the right price.

        • juzz0 on 08/01/2016 - 03:49
          +1

          DS were selling Sony 55" UHD 2015 models (kd55x8500c) for under $1500 (around the same price as FHD which from recall was $1439 and around half of RRP $2899 - Bing Lee has it for $2499 at the moment). I was talking to an employee about this TV deal a couple of weeks prior to the receivership around the 20th December.

          He told me many customers were placing payment orders as there were none left in store stock, wondering if they got their orders eventually/money back. Seems to me head office had pricing strategies (even though it was a non-clearance offer it was still time-limited catalogue deal hence an impetus for customers to reserve orders at that price) to lure these customers to make orders/deposit on the product at that price, knowing full well the situation at hand while frontline staff are left in the dark innocently accepting orders that will never be delivered.

          If they hadn't advertised those TVs for close to cost price they knew they wouldn't receive the amount of orders they did. With little stock on-hand they must have calculated it wouldn't be a hit to clear out that model, forgoing potential profits/other sales for large order logs (free money for false hope). A back-log of orders may take up to a month to clear and I'd imagine there would be a lot of outstanding, unfulfilled orders at the time when the company ceased functioning under it's own volition.

    • Baysew on 07/01/2016 - 21:25
      +4

      Pop across to the Brashs facebook site.
      (https://www.facebook.com/BrashsSuperstores)

      "We have heard rumours about our competitors, but we're sure it's nothing too serious!"

  • [Deactivated] on 07/01/2016 - 17:57
    +10

    Good news for anyone who purchased at the Dick Smith within David Jones under the DSE/DJs Retail Brand Management Agreement (RBMA). Kudos to DJs. Of course, they are protecting their own brand and reputation but kudos all the same.

    Statement by David Jones follows:

    QUOTE
    Dick Smith Electronics (DSE) operate concession stores within 27 David Jones stores in conjunction with our broader electrical and appliance offering.

    Following DSE being placed in receivership we have commenced discussions with the Receivers and Managers, Ferrier Hodgson. We are currently working through the next steps with Ferrier Hodgson and in doing so we will endeavour to protect our customers' interests at all times.

    To that end, we will commit to issuing refunds, if sought, to those customers who can demonstrate proof of purchase for saleable merchandise in our David Jones stores. We encourage those David Jones customers seeking to return an item or to cancel an order to visit a David Jones store as soon as possible.
    /QUOTE

    • oz-dave on 07/01/2016 - 18:35

      I eventually found the link for that statement here under the heading "Electronics powered by Dick Smith"
      (Scroll down towards the bottom of the page)

      It may prove useful to some :-)

      It's also interesting how many Dick Smith related pricing "Apologies" there are regarding "Human Error"…

  • jjsnacks on 07/01/2016 - 19:24

    Oh crap, I better go and pick up my eneloop order that's waiting

  • jujube32 on 07/01/2016 - 19:30
    +1

    You can trade in your Dick Smith gift cards for Kogan vouchers: https://www.ozbargain.com.au/node/229357

    • oz-dave on 07/01/2016 - 19:32

      Kogan Voucher singular - it's basically a 30 day, $25 credit that can be used for goods but NOT shipping…
      But it is probably a better bet than waiting to see what happens if you have a low value card…

    • the-mal on 08/01/2016 - 08:38

      And the TV time that Kogan got to advertise his "good will gesture" of $25 dollars per holder of a DS card would've been valued well into the tens of thousands of dollars in free national exposure.

      I guess a $25 30-day limited Kogan voucher is better than nothing…but not by that much.

  • scottb721 on 07/01/2016 - 19:50
    +2

    Pretty lousy choice of words on DSE store signage stating that not honouring giftcards is simply an "inconvenience" to customers.

    • oz-dave on 07/01/2016 - 19:56
      +1

      Where was that?
      Get a photo…

      • scottb721 on 07/01/2016 - 22:27

        Indooroopilly store, Brisbane.

  • jarrod63 on 07/01/2016 - 20:42
    +1

    I went to dick smith today to buy a playstation plus voucher. I paid for the voucher then was told the activation was declined because apparently all gift card vendors are declining any activation of gift cards sold in dick smith. Although i was still charged for the gift card as i can see it on my bank statement.

    Then i was told they couldnt refund me my money due to the whole administration thing. Can they really do that? It doenst sound legal to be able to sell gift cards and charge the customer then turn around and say they cannot refund due to administration.

    What should i do.

    • [Deactivated] on 07/01/2016 - 21:21

      By all means they should no longer have them on the shelf and their PointOfSale software should have just blocked them for sale, but realisically the staff aren't going to care considering their last week of wages have been lost, and they have no certain job prospects.

      Nonetheless - hope you paid by Visa/MC Debit or Credit, I'd just request a chargeback in that regard and let the bank do the rest. Otherwise… you'll have to join the long list of unsecured creditor registered with the administrators.

      • jarrod63 on 07/01/2016 - 21:23

        I paid using visa credit card. Are you saying i should contact the bank and ask them to cancel the transaction?

        • [Deactivated] on 07/01/2016 - 21:25
          +2

          Yes. Contact the back and request a chargeback to the transaction. Explain exactly what happened. You'll get your money back within 30 days or less for sure.

        • beyondtool on 07/01/2016 - 21:34

          If it was commonwealth bank they shouldn't charge you for the charge back transaction either. Otherwise I'd try and dispute it out with your bank (as in talk to the manager "well Commonwealth aren't charging for this maybe I should change banks").

    • nedski on 07/01/2016 - 21:54
      +1

      Just to clarify, you bought a PS Plus voucher from DSE today? It didnt activate and when you went to get a refund from DSE, they said they couldnt because they are in adminstration?

      If thats the case, then that is totally absolutely wrong. Their declining refunds for stock that was purchased from the pre-administration DSE. You bought that from DSE (Receivers) and would be entitled to a refund.

      I would definitely lodge a complaint with the ACCC over this because this is not a "business gone bust issue" but the new company not abiding by the Australian Consumer Law.

      Definitely start the process working for a chargeback though.

      • jarrod63 on 07/01/2016 - 22:09

        Yes that is correct. Thanks for the info. I did argue with them in store because i was sure this had to be illegal.

        I think its wise everyone stays away from buying anything from dick smith. I thought it was safe to buy in store but it looks like its not.

        Whats stopping someone from buying a tv in store and then the staff going out the back and saying they have no stock after the customer has paid. Then the customer cant get a refund

        • Associateddefaultuser19 @ Dick Smith / Kogan on 07/01/2016 - 22:20
          +4

          Hey,

          This is common occurrence at the moment due to EPAY being down due to the gift card situation. The store should have refunded the purchase price due to it being store error.

          I'd encourage you to go back to the store, ask for the store manager and request that they refund it for the above reason. If there is an issue with that ask them to please check with their Area Manager for further advice.

        • jarrod63 on 07/01/2016 - 22:22

          @rikk19:

          Thanks for your advice i will give them a call to find out when the manager will be in. He was not there today when i had this issue

        • Associateddefaultuser19 @ Dick Smith / Kogan on 07/01/2016 - 22:29

          Which store did you visit?

        • [Deactivated] on 08/01/2016 - 09:22

          @rikk19:

          This is common occurrence at the moment due to EPAY being down due to the gift card situation. The store should have refunded the purchase price due to it being store error.

          This. Great advice.

    • Peanut money on 08/01/2016 - 11:00

      Maybe the administrators are going into receivership as well

  • diazepam on 07/01/2016 - 20:52
    +1

    honestly some good stuff still on dicks, even if he is dicking around
    got eneloop smart + quick charger (albeit panasonic), + 4AAA's eneloop pro for under $40
    lot of stock at QLD (gold coast)

    (finally got my ozbargain badge, woodworm umbrella and eneloops)
    thanks dirty dick!

    • StonedWizard on 07/01/2016 - 23:07

      Do you have the link ?

      • diazepam on 08/01/2016 - 02:39

        the 10$ off 50$ has expired at 12AM :(
        I'll message you if I see a deal on tomorrow

  • imcold on 07/01/2016 - 21:17
    +1

    well so long Dick Smith hopefully I have enough eneloops to last the rest of my life..

  • noshopping on 07/01/2016 - 21:52
    +1

    More companies will shut. The problem in OZ is high rents and wages. The whole nation is about digging up holes and rent seeking. A typical store like DSE in a shopping centre would be paying about $15,000 per month in rent alone.. That's about $500 per day… just on rent.

    • rubig on 07/01/2016 - 22:57
      +3

      Correct, but what about JB hifi? Any time you walk into a JB store there are twice as many people as DS. I got a DS gift card last year and walked into DS a few times and I couldn't find a thing that I wanted to buy. Then I passed JB. There are So many thungs I want. Games, speakers/accessories, TVs, smart home things…

      • ChickenTalon on 07/01/2016 - 23:12

        Exactly.

        Issue with DSE is that it's managed by utter morons. FFS they started stocking Camelback sports water bottles! Surprised not to see other sporting goods in there, maybe bicycles.

        Their pricing, product and discounting strategy was pathetic. Thousands and thousands of worthless items clogging up their stores and warehouses because they couldn't price properly

        Plenty of very successful retailers running things well with healthy balance sheets. Don't know if you can blame Australia and mining for Dick's disease.

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