Dick Smith closures gather pace with dates for 108 more stores confirmed
All of New Zealand’s Dick Smith stores will be closed by April 26, with another 53 Australian stores also closed by then.
Dick Smith receivers Ferrier Hodgson announced the dates for the store closures today, saying the 108 stores will be progressively closed over four days from April 23 to April 26.
All Dick Smith stores are expected to be closed by May 01 under the ‘controlled closure’ of the business.
The closures began in March, with Mornington in Victoria the first to go, followed quickly by SA’s Whyalla. Since then the closures have gathered steam, with 11 stores closed by last Saturday, including nine New Zealand stores, and a further 14 in Australia due to close by the end of this week.
The controlled closure of the stores was announced in February after efforts to find a buyer for the business failed.
Kogan.com will begin operating the online Dick Smith business – under the Dick Smith brand – from June 01 after buying the business, including goodwill and brand, for an undisclosed sum.