Dick Smith Enters in Liquidation, Closure of Stores / Closing Down, Sales

Lthe-mal on 04/01/2016 - 11:21
Last edited 02/05/2016 - 15:37 by 3 other users

Dick Smith shares are now in a trading halt with an announcement on debt financing due by Wednesday.

More bad news for Dick.

http://www.smh.com.au/business/retail/dick-smith-shares-ente…

Get the bargains whilst they last because I can't see Dick Smith existing much longer.

Recent Updates:

Discounts via BI:

Apple products, including iPhone, iPad, Apple Watch: 5%
Apple cables: 30%
Game consoles and games: 20%
All TVs: 20%
Samsung phones, tablets and TVs: 20%
All Smartphones (Except iPhone): 20%
Laptops: 20%
Microsoft, including Surface products: 20%
Drones: 20%
DSLR cameras: 20%
Headphones, including Beats: 30%

Older Updates:

General Discussion

Related Stores

Dick Smith / Kogan
Dick Smith / Kogan
Marketplace

Comments

      • hayne on 13/01/2016 - 23:49

        Since when do angel investors invest in struggling retail turnarounds in mature businesses that have been around since 1968? Angel investors usually provide seed funding for early-stage ventures/ideas.

  • paloverde88 on 04/01/2016 - 12:04
    +2

    Luckily my refund came through after 10 days for out of stock item i am suspicious that they a running out of cash and of an imminent close down permanently.

    Aka bankruptcy.

    • [Deactivated] on 04/01/2016 - 23:02
      +2

      Same with me. PAYPAL ONLY. If it wasn't for Paypal, I'm sure that I would still be waiting.

  • whooah1979 on 04/01/2016 - 12:11
    +2

    this is the best time to get some cheapish gadgets and make some money. get ready to raid their stock and short dsh.

    • macrocephalic on 04/01/2016 - 12:47
      +1

      Is there anything left? It looks like they've been clearing everything they can recently.

      • BamBam cheapsk8 on 04/01/2016 - 18:11
        +21

        They only thigs left are gift vouchers and shelves.

        • [Deactivated] on 05/01/2016 - 00:10
          +13

          One does need shelving for Eneloops. How nice would it be to have in your garage a former Dick Smith shelf full of stock.

        • maxwellian on 05/01/2016 - 09:20
          +15

          @Mr Rort:

          That would be the first time ever a DSE shelf was full of stock.

        • whooah1979 on 05/01/2016 - 12:49
          +1

          I wouldn't mind getting some of those secondhand shelves for my stock. They're medium/heavy duty display units and expensive brand new. They'll probably go to auction.

        • [Deactivated] on 05/01/2016 - 13:59
          +1

          @dewy:

          Laughs.. You could double the price on your items … and then have a garage sale advertising $10 off for the first 200 customers even if you only have 20 visitors attending your garage sale. :P

        • maxwellian on 05/01/2016 - 20:11
          +1

          @Mr Rort:
          But tell the second there has already been 200 before them?

        • geoffs87 on 06/01/2016 - 09:44
          +1

          @Mr Rort: Just came to a very sad realisation. Is this the end of Eneloop Sales? Is this the end of Ozbargain?

        • cwongtech on 06/01/2016 - 19:26
          +1

          @geoffs87: There's always Turnigy LSDs from Hobbyking, only problem is it's sent from overseas. Similar performance (and higher mah capacity than eneloops!) at slightly cheaper prices (although you have to buy in bulk to even out the postage prices)

      • Jackson on 08/01/2016 - 00:03

        TV's were the big wins of the last sale, but then ey only sold the clearance stuff. Now they may need to sell the current models. Countdown to a bunfight!

        • ChickenTalon on 08/01/2016 - 01:04

          Very little chance of this. If the whole lot isn't offloaded to another retailer/buyer then administrators will likely slowly discount until things shift.

          So long as there is money in the business for the administrator's ongoing fees, they'll be in no rush to wind things up quickly.

        • Jackson on 08/01/2016 - 01:34

          @ChickenTalon: The DS branded TV's may go cheap of they go under, there was a 65" one in there the other day

    • neonlight on 05/01/2016 - 08:13

      Lol most good stuff already taken by their own staff or piled up in the back room for their own gains. You have no chance. It's sold before stores open.

  • scrimshaw on 04/01/2016 - 12:51

    If Dickes dies, what happens to warranties?

    • kelasen on 04/01/2016 - 12:57

      yes specially the extended warranties??

      • Xenocaust on 04/01/2016 - 13:07
        +2

        While DS sold the policy, it is actually administered by

        http://www.thewarrantygroup.com.au/

        According to the PDS.

        How easy they will be to deal with if DS no longer exists is another matter.

      • fruit on 04/01/2016 - 13:23
        +34

        Why would you by extended warranties?

        • INFIDEL on 06/01/2016 - 11:38

          Some people take them out to make claims near the end of the extended warranty period. Often the product is seen as uneconomic to repair, so they are offered a refund (without examining the product) & use the refund to upgrade to latest model.

          I read a comment here that the person keeps doing that every few years, effectively only paying a little more than the cost of the extended warranty.

          I've only bought 1 extended warranty ($35 from DS) on my first ($199) PVR in 2006. Being reasonably new tech, it had its idiosyncrasies & limitations, but I could live with them. At the end of the 3 year warranty, I lodged my claim based on a list of these issues. They offered less than I paid. I requested the full $199 & to keep the unit. They agreed.

          I've only just switched it off, after buying a 1TB Panasonic PVR from DS for $10 in the fire sale.

          So the PVR I used for nearly 10 years cost only $35. I never intended making a claim when I bought the extended warranty, & knowing more of consumer protection, I see no reason to buy it again.

        • MrGrinchy on 06/01/2016 - 12:16

          @Infidel:

          The DS store guy tried to sell me an EW, on that $79 tablet telling me, after 12 months, you can
          claim to get your money back as you said you can.
          Sounds like a good legit scam to get goods free, but who knows what happens if too many do it.

      • tdw on 05/01/2016 - 15:27
        +1

        yeah, i wondered that too, which is why i refused to buy extended warranties for the two D3200 camera bodies i bought during last month's fire sale. even for the sweet, sweet deal of $30 per camera instead of the usual $50 warranty. sorry not sorry, Dickies; we're not all stupid ;)

      • Froot Loops on 06/01/2016 - 01:03

        I read in some of the admin papers via ASX and Liquids today that they will not be honouring extended warranties (something about a clause etc / selling them to Ferrier Hodgson. Cant pinpoint where it is atm, I have read lot today. I hope this isnt the case, Standard warranty remains the same. Youll have to wait for something formal to be decided by other parties but dont hold your breath. Wouldnt surprise me if "The Warranty Group" is owed payment on policies thru DSE on your behalf.

      • MrFrugalSpend on 06/01/2016 - 19:10

        Most brand name product's warranties are manufacturer warranties, so there'd be an avenue to claim from them direct so you'd be ok.

        Extended warranties are sometimes third party warranty providers as other posters have stated, if so, that'd be okay too, but if through DSE direct - no such luck, similarly if they are DSE home brand products… in that case even manufacturer warranties are not worth a pinch of …. you know.

    • scrimshaw on 04/01/2016 - 13:21
      +1

      Now I'm worried. I've got a $205 Pebble Time Steel bought two weeks ago and a $300 Pendo tab from that 15% ebay promotion.

      • the-mal on 04/01/2016 - 14:13
        +1

        Manufacturer warranties will still apply, just make sure you register the electronics with the manufacturer so they're aware of the sale date should you need to claim a warranty.

        • [Deactivated] on 04/01/2016 - 15:28
          +11

          Actually you don't need to register warranties in Australia anymore, haven't needed to for over a decade now. The only benefits that it sometimes yields for the purchaser is winning a competition (which I have done with Sony before), in exchange for your demographic information/marketing permission.

        • DivZero on 05/01/2016 - 13:01
          +2

          @sqeeksqeek: We bought an appliance last week that comes with a one year warranty that, if you register, they'll give you three years. Of course, if the product should last three years (it should!) then the statutory warranty stands. But you might have to fight them for it.

        • [Deactivated] on 05/01/2016 - 14:59
          +3

          @RickMeasham:

          The fact that they're offering a 3year warranty simply for registering means they expect the item to last 3years and not 1. This mean you can, under the ACL statutory warranty expect it to last 3 years. You shouldn't need to 'fight' for this but probably more 'educate' some phone reps about your rights.

          They'd be on par in terms of effort levels. +1 from me :)

        • Jackson on 08/01/2016 - 00:08

          @sqeeksqeek: and the fact that you have admitted to the date you purchased the item, which prevents you from fudging a receipt date as some less scrupulous people may do

  • Dack Smith on 04/01/2016 - 12:57

    That is karma for this

    http://www.news.com.au/finance/business/retail/these-offers-…

    Just encourage the Dick Smith employees to buy their own company stock at basement prices!!

    That will save the company!!

    • the-mal on 04/01/2016 - 14:19
      +21

      It's karma for years upon years of very badly thought out business strategies, of neglecting systems and hoping problems will just "go away".

      Dick Smith (the man) sold in '82 and the company was in great shape, Woolies were too slow to adapt it when retailers started to move online and it's been a mess every since. Woolies saw the writing on the wall when they sold it in 2012.

      The swindle that the US Capital firm pulled when they made it public again will screw over a whole bunch of mum and dad investors when it finally tanks. That Capital firm were scum for what they did (knowingly screwing over mum and dad investors) and they've made out like absolute bandits in the process.

      • inherentchoice on 04/01/2016 - 18:28
        +1

        Isn't Anchorage Capital an Australian firm?

      • [Deactivated] on 05/01/2016 - 00:21
        +4

        Anyone stupid enough to buy DSE shares probably deserves to lose their money.

        The one complaint I hear from a lot of former loyal DSE customers were their annoyance in them no longer stocking electronic components. So whilst it is RIP for Dick Smith Jaycar Electronics are still in business.

        Any CEO who had a clue about DSE traditional fan base would have reinstated the electronics component division as their first priority. They would have also adopted a K-mart, Big W always low prices instead of the daily sale gimmicks.

        A good point to note if you buy stuff from Dick Smith final RIP sale.

        Don't buy anything DSE brand unless you don't care if it breaks and you can't get it fixed (because the business has gone bust). DSE batteries are probably fine but stay away from big ticketed items such as DSE TVs.

        • first in line on 05/01/2016 - 14:54
          +8

          says the Armchair CEO

        • Hellfire on 05/01/2016 - 16:09
          +2

          This would have been a massive fail for DSE and only hastened their demise. The inventory overheads stocking these hobbyist components in all their stores would have killed them.

          They had 20 stores when Dick Smith sold and around 400 now. DSE had long outgrown the hobbyist market.

        • kipps on 05/01/2016 - 22:31

          "Anyone stupid enough to buy DSE shares probably deserves to lose their money."

          If you have a super fund, I bet it had some holding, indirectly, in this dog's breakfast of a company.

        • mavis30551 on 06/01/2016 - 10:09

          Where else do you be a CEO?

        • Jackson on 08/01/2016 - 00:11

          Buy all the TV's you can if they are 100 bucks though ☺

      • qazwsx on 05/01/2016 - 02:29
        +12

        It takes two to tango - if you are selling a company, you have the seller and you have the buyer. You cannot just blame the seller for taking advantage of the situation whilst absolving the buyers from responsibility. If they didnt do their homework, then it's not the seller's fault is it?

        Fact is DSE was held for not even 2 years under private equity ownership before floating. That should automatically sound an alarm and warrant a closer look. I work in M&A analysis and having seen a few retail M&A deals, having a deal whereby the inventory is bought at a significant discount (primarily because of ageing/slow moving issues) and therefore is impaired upfront, only for a profitable fire sale to follow soon after (because the inventory is virtually nil), is common. And then to try to sell while that fire sale result is still within the recent historical comparables period - well that's a buyer beware issue.

        In my opinion, you can complain that Anchorage took advantage of favourable conditions to float DSE, but those who lost their money must bear their share of the responsibility for not doing the proper analysis and homework before joining the party.

      • [Deactivated] on 05/01/2016 - 09:58
        +13

        Dick Smith is the Greatest Private Equity Heist of All Time

        • bathuu on 05/01/2016 - 15:10
          +1

          What amazes me the most is pro's got tricked by pro's or is it one big conspiracy? Also this trick seems like a very large scale of operation involving a number of high profile accountants, lawyers, brokers and fund managers etc. I guess they all get their cut regardless of right or wrong.

        • [Deactivated] on 05/01/2016 - 16:06
          +1

          @bathuu: If you watch Inside Job documentary, you'll see that the Dick's saga is only a child play.

        • Garagesale on 05/01/2016 - 16:49
          +1

          @bathuu:
          i doubt pros got tricked just mums and dads.
          same suckers who bought myer shares.

          rule of thumb test is walk into the store and see how busy it is.

        • Cave Fire on 05/01/2016 - 19:16

          Nice article, should be a good case study for anyone studying business ethics…

        • terlalu on 06/01/2016 - 00:31

          @Garagesale:
          not mum and dad investors.
          Major shareholders for example are large investment arms, eg deutsche bank/ obviously their investment analysts made a blunder here, though I've heard some saying they can see a turn around from this.

      • Lord Fart Bucket on 05/01/2016 - 17:26

        Yes… but think of all the people that are involved who aren't at fault. All the employees, all the suppliers (yes, it hurts them too).

      • noshopping on 05/01/2016 - 17:56
        +1

        It's not the mum and dad investors who will be getting shafted. It's your superannuation, which you are forced to contribute. They super funds loaded up big on Dick Smith shares. So yes, Anchorage screwed the average Australian tax payer. Hundreds of millions went into their wallet, while the tax payer eventually gets shafted. Funny thing is these superannuation funds perform like a POS because they always take a % management fee if they do good or bad.

  • [Deactivated] on 04/01/2016 - 16:50
    +34

    This thread should be pinned to the front page of Ozbargain.

    *** USE YOUR DICK SMITH GIFT CARDS BEFORE WEDNESDAY ***

    • Olokun on 04/01/2016 - 16:57

      Agreed.

    • mini_wombat on 04/01/2016 - 18:12

      OMG … yes … didn't even think about that! You never know. And lots of people will have some after all the 10% deals …

    • happychappy1 on 05/01/2016 - 11:18

      I wonder if gift cards will still work online…

    • boomramada on 05/01/2016 - 13:21
      +2

      Dick Smith will no longer honor gift cards.
      http://www.news.com.au/finance/business/breaking-news/dick-s…

      • [Deactivated] on 05/01/2016 - 17:50

        Yep. Just as I had feared. Still my warning went out at 3:50pm yesterday. Hopefully people got into stores before then.

  • effgee on 04/01/2016 - 17:32
    +7

    Interesting analysis of the Dick Smith sale by Woolies and subsequent float:
    https://foragerfunds.com/bristlemouth/dick-smith-is-the-grea…

    • tommohawk on 04/01/2016 - 18:26

      Also, for the latest update, the same analyst had this to say about today's announcement by Dick Smith:
      "The announcement is very negative. This could be the end of the road for Dick Smith," Forager Funds chief investment officer Steve Johnson said."
      Source: Today's AFR. http://www.afr.com/business/retail/this-could-be-the-end-of-…

      Looking ominous.

    • effgee on 04/01/2016 - 19:21
      +7

      the way I read the article, Anchorage Capital bought DSE from Woolies, stripped all the cash, did the "pea under the cups" trick shuffling stuff around on the books. Now a few years later, people have finally realised there's no pea left under any of the cups, the music has stopped and the game is over. Anchorage Capital makes $510M on a $10M investment, everyone else loses.

      • [Deactivated] on 05/01/2016 - 14:37

        Sounds like Ansett

      • Froot Loops on 06/01/2016 - 01:22

        If you go to Anchorage Capital sydney's webpage there is a nice list of stores under there name. I wont buy shit for them anymore after this mess. Not all are common used but yeh

        http://www.anchoragecapital.com.au/

  • ravenit on 04/01/2016 - 17:34
    +1

    Or it could go the other way and they have just finished a refinance option and paid their creditors and are in great shape for 2016.
    Stock rebounds back to $2 and everyone's happy.
    But I doubt it :(
    Sad for those that will loose their jobs but. BRING ON THE BARGAINS

    • mini_wombat on 04/01/2016 - 18:13

      Haha … you never know. Lets hope for the best. More competition is always better.

      • Jackson on 08/01/2016 - 00:17

        Except when you go into a Dickies and have to compete with all the other OzBargainers to get some prized deal!

    • effgee on 04/01/2016 - 19:22
      +1

      not a chance.
      No bank will lend to them without a viable business.

  • davidosan on 04/01/2016 - 18:57
    +1

    99% off all DSH shares! buy 1 get 99 free :P

      • mmd on 06/01/2016 - 01:20

        hmm I dont recall this episode (please dont shoot me), which season is this?

        Fantastic username btw!

        • kwijybo on 06/01/2016 - 01:37
          +2

          Season 13. Don't worry, it's only a crime if you don't recognise a Season 2-8 reference :)

    • gilbarc on 05/01/2016 - 01:13
      +6

      *excludes all shares

  • CandyMan on 04/01/2016 - 19:03

    I was just looking on DSE website and they almost have nothing online. For example, no Sony TVS!, 1 PS3 game, 4 PS4 games etc… If they are not selling these popular brands then how are they gonna make money and pay their bills, employees etc…

    • inherentchoice on 04/01/2016 - 19:28
      +1

      DSE Sale: TV's and consoles and everything excluded.

      • CandyMan on 04/01/2016 - 19:34
        +11

        Lets hope they have enough eneloops to pay their creditors

  • ravenit on 04/01/2016 - 19:46
    +5

    Maybe they can change their Name to be DSE (Dick Smiths Eneloops) and just sell them. Surly thats a great business model as always in demand at the right price.

  • tommohawk on 04/01/2016 - 21:06

    Myself and a few other ozbargainers had issues over the holidays with a toy helicopter that DS was selling. They basically sold a bunch of the helicopters, then turned around and said, sorry we don't have stock and refunded everyone.

    Later, I noticed the same thing happened in another deal with a $10 Philips wall charger

    It's anecdotal, but if the recent experiences of Ozbargainers are any indication, it's perhaps not surprising they're struggling a bit. Some of the comments left in those deals don't exactly reflect a well run retail operation.

  • paloverde88 on 04/01/2016 - 21:41
    +1

    on July 1 2015,

    Rising Chinese company Oppo will sell its range of smartphones across 397 retail stores managed by Dick Smith.

    This includes 360 Dick Smith stores, nine Move stores and 28 Powered by Dick Smith electronic departments in David Jones.

    Dick Smith's retail properties will exclusively sell Oppo’s upcoming R7 flagship, a 5-inch Android smartphone that is 6mm thick, which will launch in Australia on 28 July.

    The phablet R7 Plus is expected to be released locally at a later date.

    Now, Oppo items are just happy not to be associated with Dick Smith. A check on DS website shows no oppo products except for 1 item.
    They probably have not paid for OPPO stock since July 2015

    • chrig on 05/01/2016 - 22:42

      Up at Nunawading there is a whole area for it at the front which would imagine would have been part of this deal

      Looks like they had a massive deal with them,

      I'm intrested to see what happens to David Jones to see if they go back to their own electrical department. I always enjoyed shopping there before Dick Smith took it over so hopefully its a positive

  • musicbiz on 04/01/2016 - 22:13

    According to The Australian it's official… they have called in the administrators :(

  • CheapskateQueen on 04/01/2016 - 22:48

    well shiit, i just bought like $1000 worth of stuff from them the past few weeks. I honestly don't think there's any gadgets left for me to buy when they start liquidating all their usually overpriced crap

    • blehgg on 05/01/2016 - 15:01

      just hope nothing breaks…

    • Scrooge McDuck on 05/01/2016 - 17:39

      What'd you buy?

      I largely missed most of the DS saga. Are there any good threads outlining the deals people scored. Or would any kind soul be bothered to write up some cliff notes?

  • RogueWolf on 04/01/2016 - 23:14
    +11

    HN jb tgg will be laughing, if anyone thinks this is good watch how shit the deals get if DS dissapears & we are stuck with the other retailers who only do good deals when they are forced to by competitors, though ds ran there company like shit they brought pressure into the market with constant deals, with out that pressure the others are free to price as they want..

    Dick Smith bankers call in receivers
    THE AUSTRALIAN
    JANUARY 4, 2016 10:27PM
    John Durie
    Kylar Loussikian

    Dick Smith’’s path to a trading halt.

    Dick Smith’s two-year life as a ­listed public company came to an ­abrupt end when the banks appointed a receiver to the company and the troubled ­retailer appointed a voluntary ­administrator.

    The company’s lead bankers, NAB and HSBC, appointed James Stewart from Ferrier Hodgson as receiver and McGrathNicol will act as the company’s administrator.

    Dick Smith is expected to ­confirm the appointments on Tuesday morning. The company will now be formally wound up in a process aimed at maximising returns for the banks.

    Dick Smith investors were tonight bracing for more painful news after the embattled retailer voluntarily suspended its shares ahead of tomorrow’s announcements. Investors already had to contend with two earnings downgrades since August, including $60 million in inventory write-offs, pushing shares more than 80 per cent lower.

    In a statement today, Dick Smith’s David Cooke said the company was seeking a trading halt “pending an announcement to be made in respect of the ­company’s funding position and debt financing covenants”.

    Dick Smith, which is chaired by former Lion Nathan executive Rob Murray, has not ruled out further impairments and effectively abandoned its last profit guidance. Other directors, who signed off on the company’s ability to pay its debts in August, ­include former Lion chief financial officer Jamie Tomlinson, George Weston Foods chief ­financial officer Lorna Raine and William Roberts Lawyers co-founder Robert Ishak.

    The retailer recently embarked on a highly criticised fire sale strategy, banking on strong Christmas sales to turn around its precarious financial position and take pressure off its struggling management team led by former Myer executive Nicholas ­Abboud. Mr Abboud had originally forecast earnings of up to $48m for the financial year, before it was reduced to between $37m and $43m, and later ditched alto­gether. Discounts of up to 80 per cent on some products were aimed at turning around lacklustre performance earlier in the year, with Mr Abboud telling ­investors there had been no meaningful sales uplift from the May budget’s $20,000 tax concession for small businesses.

    Traditional rivals JB Hi-Fi and Harvey Norman also suffered share price slumps, but staged a recovery late last year. Dick Smith’s share price remained steady and closed at 35.5c when it last traded on New Year’s Eve. The company floated in late 2013 at $2.20 a share, but fell to as little as 20c at the height of investor concerns last month.

    Long-time critics including Forager Funds, which does not have any holding in Dick Smith, have also ramped up their bearish calls, accusing the company of being one of the greatest private equity “heists” of all time.

    Private equity outfit Anchorage Capital Partners acquired Dick Smith from Woolworths in 2012 for $115m, floating the ­electronics retailer one year later with a market capitalisation of $520m. Dick Smith disclosed it had loans and borrowings totalling $70.5m as of June last year, with the capacity to borrow up to $135m. But it did not disclose what covenants were associated with this debt facility.

    Some market analysts have been concerned about the ­sustainability of Dick Smith’s debts for some time now.

    Credit Suisse’s Grant Saligari and Troy O’Dwyer last month said the company’s sustainability in its current form depended on creditors, with Dick Smith financed on the basis of 90-day and 120-day payable, making it “susceptible if creditors tighten payment terms”.

    Macquarie analysts have said that since the late November inventory write-off — about 20 per cent of its total value — management had shifted their main focus to reducing inventory and debt levels at the expense of profits. “The level of sell-through and potential cannibalisation of sales from the clearance activities would further muddy the outlook,” the analysts told clients, halving their target price to 50c a share. Harvey Norman chief Gerry Harvey also criticised Dick Smith’s heavy discounting strategy, labelling it “suicidal”. Sales figures for the crucial Christmas trading period are not expected for some time, although CBA economists reported that early transaction data indicated solid spending ahead of the period. But sales at large retail stores rose 0.5 per cent in November, easing from 0.7-0.8 per cent in the prior six months.

    http://www.theaustralian.com.au/business/receivers-called-in…

  • [Deactivated] on 04/01/2016 - 23:24
    +2

    Bye Buy Dick, thanks for all the eneloops, but I'm not going to miss all those Shonky Deals that you keep giving us. At least we'll be there to pick up all the remaining stock like the Vultures we are.

    • lbft on 05/01/2016 - 02:23
      +1

      First step of liquidation (if it goes that far) is to put the prices up to RRP and start discounting from there, which is usually way over regular sale prices.

      The really good deals would probably only come on stuff that's left at the end.

      • [Deactivated] on 05/01/2016 - 02:44
        +2

        This. If they go the liquidation route they'll do the same thing that Woolies did with the 1/3rd of the store network that they liquidated before putting it up for sale - they'll get a business like Hilco to manage the liquidation, everything goes up to RRP, and they start at say 5-20% off and gradually add more off (plus begin to sell plant/fixtures/fittings) as time goes by.

        • nikey2k27 on 05/01/2016 - 08:55
          -3

          (profanity) at hilco made me travel back from Germany for 2days work to get my redundancy Rember that night. all scan every product in store last customer one point I was just move sock over other it all one cent I think I feel a sleep around 3am.

        • [Deactivated] on 05/01/2016 - 22:39

          @nikey2k27: Who was your former employer in this case?

        • nikey2k27 on 06/01/2016 - 07:43

          @sqeeksqeek: Dicksmith

  • ravenit on 04/01/2016 - 23:50

    Glad I didnt do any click and collects as tomorrow they might not be open

    • Olokun on 04/01/2016 - 23:54
      +1

      They most likely will continue to trade as dick smith administrators appointed..

  • darkchoc on 04/01/2016 - 23:56
    +5

    Should we call this a circumcision or a castration? Discuss.

    • [Deactivated] on 05/01/2016 - 03:35

      More like a sex change actually.

    • inherentchoice on 05/01/2016 - 15:20

      Thou shalt unleash your smith and have it dissected and distributed to creditors from the four winds of the great south land.

      • [Deactivated] on 05/01/2016 - 22:40

        Sounds painful!

        • inherentchoice on 06/01/2016 - 03:58

          Well if Dick Smith was circumcised then it would be like a Jew. Castration would make it a Eunuch. Apparently it's future is far more bleak than that.

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