Dick Smith up for sale

Forums › Off topic › Dick Smith up for sale

freitasm

BDFL - Memuneh
61515 posts

Uber Geek
+1 received by user: 12235

Administrator

Trusted

Geekzone

Lifetime subscriber

Topic # 96578 31-Jan-2012 14:16

It looks like Woolworths has decided to sell Dick Smith:

"Woolworths ... will accelerate the restructure of its specialty consumer-electronics brand, Dick Smith, with a view to divesting the business in a staged and considered process," Woolworths said today, after wrapping up a three-month strategic review into the Dick Smith business.

"The future of the Dick Smith business ... could be realised through new ownership," the retail giant added.

Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) |

My technology disclosure | Business Transformation | Enterprise Content Management | Customer Relationship Management

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8

641 posts

Ultimate Geek
+1 received by user: 117

Reply # 575329 31-Jan-2012 14:19

I'm thinking that Pak'n'Save could have a ball with this company.

mattwnz

14416 posts

Uber Geek
+1 received by user: 1886

Reply # 575330 31-Jan-2012 14:22

freitasm: It looks like Woolworths has decided to sell Dick Smith:

"Woolworths ... will accelerate the restructure of its specialty consumer-electronics brand, Dick Smith, with a view to divesting the business in a staged and considered process," Woolworths said today, after wrapping up a three-month strategic review into the Dick Smith business.

"The future of the Dick Smith business ... could be realised through new ownership," the retail giant added.

?
?

It's been hinted at in the papers or quite a while. I think it needs to go back to it's core roots again, as it is now largely just another toaster shop, without the toasters.

simon14

1852 posts

Uber Geek
+1 received by user: 25

Trusted

Reply # 575335 31-Jan-2012 14:28

Should be more like Jaycar again.

ScottStevensNZ

245 posts

Master Geek

Reply # 575341 31-Jan-2012 14:36

Can I have 100g of the pick 'n' mix, 2L of the yellow top milk, and half a dozen 32inch LCD panels thanks? No, its fine, I brought my own bag.

Load & Performance Tester/PHP/JSP/C/PERL/MYSQL/LoadRunner8->11/HTML/CSS/XML/XSLT/2B|!2B/Cervelo Soloist/EMC Equip4/ Samsung Galaxy S /Darkys 10.2 Extreme

Do androids dream of electric sheep?
use strict;
my $sheepCount;

Yes, they can.

sbiddle

27157 posts

Uber Geek
+1 received by user: 6588

Moderator

Trusted

Biddle Corp

Lifetime subscriber

Reply # 575342 31-Jan-2012 14:38

Translated:

"The business isn't making any money so we're going to get rid of it"

Skolink

1078 posts

Uber Geek
+1 received by user: 31

Reply # 575350 31-Jan-2012 14:49

"The future of the Dick Smith business ... could be realised through new ownership," the retail giant added.

If no buyer is found it will be closed down?

johnr

19282 posts

Uber Geek
+1 received by user: 2600
Inactive user

Reply # 575351 31-Jan-2012 14:50

sbiddle: Translated:

"The business isn't making any money so we're going to get rid of it"

ZollyMonsta

2682 posts

Uber Geek
+1 received by user: 225

Trusted

Reply # 575356 31-Jan-2012 15:03

simon14: Should be more like Jaycar again.

+1

If I want consumer goods, I'll go to one of the other chains.

Bring back DSE with kits, components, wires and books... leave the consumer electronics to the others.

Check out my LPFM Radio Station at www.thecheese.co.nz

SaltyNZ

4648 posts

Uber Geek
+1 received by user: 2154

Trusted

Subscriber

Reply # 575362 31-Jan-2012 15:08

mattwnz:
It's been hinted at in the papers or quite a while. I think it needs to go back to it's core roots again, as it is now largely just another toaster shop, without the toasters.

WHAT HAVE YOU GOT AGAINST TOASTERS, MAN!?

iPad Air + iPhone SE + 2degrees 4tw!

These comments are my own and do not represent the opinions of 2degrees.

michaelmurfy

Mr Snotty
8024 posts

Uber Geek
+1 received by user: 4015

Moderator

Trusted

Lifetime subscriber

Reply # 575372 31-Jan-2012 15:24

Farmers Group will probably buy it, they seem to be taking over everything else..

Michael Murphy | https://murfy.nz
A quick guide to picking the right ISP | The Router Guide | Community UniFi Cloud Controller | Ubiquiti Edgerouter Tutorial

mattwnz

14416 posts

Uber Geek
+1 received by user: 1886

Reply # 575374 31-Jan-2012 15:27

michaelmurfy: Farmers Group will probably buy it, they seem to be taking over everything else..

I believe that is owned by a NZ family owned company, so in a way it would be good if they did for the NZ economy, then the profits would stay in NZ. But I doubt it will be cheap to buy, and it may not be a sustainable business in it's current form. Since they changed their website to a new dumbed down version, missing the realtime search as you type, I haven't purchased anything from them.

wellygary

3450 posts

Uber Geek
+1 received by user: 957

Reply # 575375 31-Jan-2012 15:27

SaltyNZ: WHAT HAVE YOU GOT AGAINST TOASTERS, MAN!?

Nothing, I am just a Waffle man myself :)

But seriously I also loved (not) one of the quotes from Woolworths Management in OZ

"Announcing the decision, Woolworths management said affected staff would be moved to other jobs within the group."

So for NZ employees, does this mean that if your store closes, you will end up down the road at the nearest countdown filling shelves.....

floydbloke

1700 posts

Uber Geek
+1 received by user: 814

Reply # 575380 31-Jan-2012 15:33

So for NZ employees, does this mean that if your store closes, you will end up down the road at the nearest countdown filling shelves.....

Ouch....so a techxpert could soon become an eggxpert.

Most of the trouble in the world is caused by people wanting to be important. (T.S. Eliot)

SaltyNZ

4648 posts

Uber Geek
+1 received by user: 2154

Trusted

Subscriber

Reply # 575381 31-Jan-2012 15:35

floydbloke:

Ouch....so a techxpert could soon become an eggxpert.

Aaaaaand we have a winner, folks!

iPad Air + iPhone SE + 2degrees 4tw!

These comments are my own and do not represent the opinions of 2degrees.

Dunnersfella

3411 posts

Uber Geek
+1 received by user: 481

Reply # 575406 31-Jan-2012 16:23

Unsolicited offers already rolling in...
Looks like a sale is on the table.
I wonder who will buy it? I can only assume that it won't be one of the big players, as the Commerce Commission (in NZ at least) would probably shoot it down in a hurry.
It does strike me as a store for teenagers / people who want to buy bottom end TV's and PC's.
The top end 'concept' stores looked nice when they opened up, but they still have last years TV's lining the shelves - which is making them look dated already. Pity, 'cos they leave a lot of other stores behind in other presentation areas.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8