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
Dropbox matches Google Drive with $10 plan
Cloud storage race to the bottom continues.
 
Apple sets big date for 9 September
Cryptic invitation fuels buzz.
 
Harvey Norman profit up $69m, despite fewer franchises
Franchise sales reach $4.7 billion.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
My business strategy is to:

Latest Comments
CRN Magazine

Issue: 330 | August 2014

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.