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Dick Smith Holdings [ASX: DSH ], the electronics retailer that went public last December, says it slowed the rate of sales decline at its New Zealand stores after shifting some support functions to Australia and outsourcing deliveries. The ASX-listed retailer posted what it called like-for-like sales, stripping out some items. New Zealand sales fell

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Its diverse catalogue of the top branded smartphones, appliances, TVs and beyond is impressive. Get your hands on a brand new smartwatch, camera or laptop for less when Dick Smith launches its sale this year. Last verified 6 Dec

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A buyer was sought by the receivers but none of the offers were accepted, so receivers began winding the chain down. The entitlements of the New Zealand Dick Smith employees that are soon to be jobless now rank ahead of secured creditors. Perhaps most detrimentally, Elms says a key issue was that after the brand was sold, it lost its distinctive personality in the market.

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Updated March 15, Online-only retailer Kogan has purchased Dick Smith's online retail business for an undisclosed sum, three weeks after Dick Smith announced the closure of its stores. In February, Dick Smith said it would shut stores across Australia and New Zealand after its receivers Ferrier Hodgson were unable to find a suitable buyer for the company. Kogan's purchase is no help to almost 2, staff in Australia, and more than in New Zealand, who are still set to lose their jobs as the physical stores close.

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Australian retailer Woolworths plans to restructure its specialty consumer electronics chain Dick Smith, including closing up to stores in Australia and New Zealand, with a view to eventually selling it. Dick Smith currently has about stores in Australia and New Zealand and a decision to close a large number of them had been widely predicted by analysts because of poor sales. Chief executive Grant O'Brien said since Woolworths announced a strategic review of the Dick Smith business last November he has already received a number of unsolicited approaches from would-be buyers.

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The receivers of the failed electronics retail chain Dick Smith have confirmed all remaining stores will be shut by the end of next week. All Dick Smith stores will shut down after its receiver failed to find a buyer for the struggling company. Photo: rf.

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In the beginning, Dick focused his energy towards installing and servicing car radios. He moved the business to bigger premises. It was built to be a playground for electronics hobbyists like Dick himself, and sold a huge array of electronics components to professionals and weekend hobbyists alike.

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Thousands of products have been added to the revamped website in the past month, including smartphones, cameras, tablets and home appliances. Its model of the endless aisle was one where retailers did not own any of the products, and got them shipped from other suppliers instead. Wilkinson said even though Kogan was a big operator in Australia, it was not well-known in New Zealand, and Dick Smith was not popular with everyone, even before it went under.

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