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
Transport for NSW chooses NEC, IBM for mega-deals
Massive data centre and end user contracts up for grabs.
 
HP, Microsoft roll out partner program for Windows Server 2003 end-of-life
Offering "channel-friendly" solution bundles and financial support.
 
Govt contract torn up over data sovereignty
Defence ends agreement with supplier.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Which mobile device couldn't you live without?


Latest Comments
CRN Magazine

Issue: 329 | July 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.