Dick Smith up for sale

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freitasm

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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.

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Reply # 575329 31-Jan-2012 14:19

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

mattwnz

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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

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Reply # 575335 31-Jan-2012 14:28

Should be more like Jaycar again.

ScottStevensNZ

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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.

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sbiddle

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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

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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

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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

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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.

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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!?

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michaelmurfy

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Reply # 575372 31-Jan-2012 15:24

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

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mattwnz

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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.

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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

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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.

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SaltyNZ

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Reply # 575381 31-Jan-2012 15:35

floydbloke:

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

Aaaaaand we have a winner, folks!

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Dunnersfella

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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.

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