Dick Smith to close all stores, 3000 staff to go
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.
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Receivers Ferrier Hodgson that said despite a significant number of expressions of interest from local and overseas parties, the sale process had not resulted in any acceptable offers.
The 301 stores in Australia and 62 outlets in New Zealand will close within about 8 weeks, dashing the hopes of staff hopeful a new owner could rejuvenate the brand and save their jobs.
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