Dick Smith slashes prices ahead of sell-off

By Allie Coyne on Mar 29, 2012 4:14 PM
Filed under Hardware

Clears out stock.

Dick Smith will slash prices on a range of products Australia-wide as parent company Woolworths attempts to offload the struggling retail chain.

Ecogamer reported a leak from an anonymous insider suggesting Dick Smith will significantly reduce prices on products including hardware, games and gaming consoles, keyboards and mice.

Prices will start from $1 for various Wii, PSP and Nintendo DS games.

Dick Smith confirmed to CRN a $7 million gaming sale will begin on April 2. It did not disclose whether other products would be subject to reduced prices.

Woolworths announced in January plans for a staged restructure and sell-off that will see 100 of 386 underperforming Dick Smith stores across Australia and New Zealand closed permanently over the next two years.

The decision followed a strategic review which found the brand was disproportionate to its profitability. Woolworths last month revealed the restructure had resulted in a net loss of $217 million.

Follow us on Facebook and Twitter

Copyright © CRN Australia. All rights reserved.


Dick Smith slashes prices ahead of sell-off
Top Stories
Revealed: The 2015 CRN Fast50!
Meet the fastest-growing IT service providers in Australia.
Microsoft Band 2 review: good... but not great
Comfortable after redesign, but still has many flaws as the original.
Moody's to count cyber risks in company credit ratings
Data security now a financial issue, not just reputational.
Sign up to receive CRN email bulletins
Was your most important vendor the same in 2015 as in 2014?

Latest Comments
CRN Magazine

Issue: 343 | October 2015

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.