Dick Smith gooooooone?
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Into receivership , I guess Harvey Norman were one of the main reasons . It seemed odd for them to go into tvs etc, sad too see all the same.<br><br>
<a data-ipb='nomediaparse' href='http://i.stuff.co.nz/business/industries/75618531/Dick-Smith-receiver-and-voluntary-administrator-appointed'>http://i.stuff.co.nz/business/industries/75618531/Dick-Smith-receiver-and-voluntary-administrator-appointed</a> -
<p>Interesting - when they were part of our organisation, they were always a strange fit. Basically zero crossover with any other division, even the department store we have here in Oz that sold some consumer electronics.</p>
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<p>Dick Smith was always a nerd store e.g. RadioShack style thing I guess.</p>
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<p>They were offloaded for $50M, then their value increased to $300M. Now this? Fuck.</p> -
<p>I used to work for Dick Smiths when I was studying IT. Was a pretty cool place to work, the staff discounts on DSE branded stuff was great (like ethernet cables etc). Although I did end up walking out on the job, but that was because the manager was a complete ass.</p>
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<p>I agree re: Jaycar. I think they lost a lot of loyal customers when they stopped stocking electronic bits and pieces. I would often have to tell customers to "go to Jaycar for that". Not a good situation when you are sending customers to another business.</p>
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The managers were always talking about how hard it was to compete with Harvey Norman.</p> -
<blockquote class="ipsBlockquote" data-author="Virgil" data-cid="550618" data-time="1451944804">
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<p>Yeah they largely changed their profile<br>
Back in the day it was a place you went to to get odds and ends for electronic use, <strong>I mean who the fuck would but a tv from Dick Smith?</strong></p>
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<p>My parents...although when the DSE one crapped out (under warranty) I convinced them to pay a bit more,and buy another brand at DS.</p> -
<p>This is a <a data-ipb='nomediaparse' href='http://webcache.googleusercontent.com/search?q=cache:6ejGUtuY55oJ:https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/+&cd=1&hl=en&ct=clnk&gl=us'>pretty interesting read</a> from back in October detailing how things got where they did (post Woolies at least). Had to use Google Cache as the original site is down.</p>
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Don't know about Oz, but here, their store-brand cables are stupidly overpriced compared to Trademe or Kmart, for example.<br><br>
I remember checking online 10 or 12 years ago for an adapter of some sort - I could get the adapter at Dick Smith's for $19.95 (DSE branding), or I could buy 5000 from the factory for NZ$5000 including shipping. This was exactly the same item, so obviously the markup was fairly steep even taking into account the GST, tariffs, packaging, Consumer Guarantees Act etc.<br><br>
Even now, they're trying on high prices for store branded cables except when there's a sale, even though Kmart and Trademe have basically the same thing for $5-$10 (including courier for TM). -
<p>and those are the bread and butter stuff that they make huge mark-ups on because people expect own branded stuff to be lower priced and Joe Average doesn't shop around for.</p>
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<blockquote class="ipsBlockquote" data-author="rotated" data-cid="550696" data-time="1451956441">
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<p>This is a <a data-ipb='nomediaparse' href='http://webcache.googleusercontent.com/search?q=cache:6ejGUtuY55oJ:https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/+&cd=1&hl=en&ct=clnk&gl=us'>pretty interesting read</a> from back in October detailing how things got where they did (post Woolies at least). Had to use Google Cache as the original site is down.</p>
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<p>That's an incredible read. Amazing that people got sucked in by this. </p> -
<blockquote class="ipsBlockquote" data-author="jegga" data-cid="550713" data-time="1451961158">
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<p>Is Dick Smith like the mad butcher and only uses Smiths name now?</p>
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<p>Yeah Dick cashed out years ago.</p>
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<p>Hits the nail on the head here re Anchorage Capital: <a data-ipb='nomediaparse' href='http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html '>http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html </a></p> -
<blockquote class="ipsBlockquote" data-author="rotated" data-cid="550696" data-time="1451956441">
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<p>This is a <a data-ipb='nomediaparse' href='http://webcache.googleusercontent.com/search?q=cache:6ejGUtuY55oJ:https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/+&cd=1&hl=en&ct=clnk&gl=us'>pretty interesting read</a> from back in October detailing how things got where they did (post Woolies at least). Had to use Google Cache as the original site is down.</p>
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<p>cheers for that. Clever stuff using the limited disclosure requirements. You would think it's the type of thing you only get away with once though.</p> -
<blockquote class="ipsBlockquote" data-author="barbarian" data-cid="550739" data-time="1451966903">
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<p>Yeah Dick cashed out years ago.</p>
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<p>Hits the nail on the head here re Anchorage Capital: <a data-ipb='nomediaparse' href='http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html '>http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html </a></p>
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<p>The link's dead Baabaa.</p> -
<p>Hmmm no it's from today, on SMH. Works when I paste it into my address bar, but not when I click on the link in the post. Weird.</p>
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<p><a data-ipb='nomediaparse' href='http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html'>Maybe try this link.</a></p> -
<blockquote class="ipsBlockquote" data-author="barbarian" data-cid="550759" data-time="1451969571">
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<p>Hmmm no it's from today, on SMH. Works when I paste it into my address bar, but not when I click on the link in the post. Weird.</p>
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<p><a data-ipb='nomediaparse' href='http://www.smh.com.au/business/retail/dick-smith-sees-survival-alongside-harvey-norman-jb-hifi-20160105-glzkdw.html'>Maybe try this link.</a></p>
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<p>That one works - same link address. Weird. Maybe one of the IT nerds on here can explain to us what's happening there?</p> -
Yeah - PICNIC.
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<p>they are also the major sponsor of the 9's coming up next month...but apparently it wont be impacted</p>
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<p>Which is a bit of a shitter since they are not going to honour any gift cards (gutting for anyone who got one for Christmas!) I realise the sponsorship woulda been done ages ago...</p> -
<blockquote class="ipsBlockquote" data-author="taniwharugby" data-cid="550807" data-time="1451978209">
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<p>they are also the major sponsor of the 9's coming up next month...but apparently it wont be impacted</p>
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<p>League is used to running on funny money.</p>
