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Thousands of products have been added to the revamped website in the past month, including smartphones, cameras, tablets and home appliances. Its model of the endless aisle was one where retailers did not own any of the products, and got them shipped from other suppliers instead. Wilkinson said even though Kogan was a big operator in Australia, it was not well-known in New Zealand, and Dick Smith was not popular with everyone, even before it went under.

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Dick Smith Holdings Limited formerly Dick SmithDick Smith Electronics or DSE was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company closed inwithin several years of its acquisition by Anchorage Capital Partners.

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The Opposition had promised to abolish the cash refund if it won the May federal election and the Labor Party is still weighing up its position on the policy in the wake of the loss. The millionaire, who rose to fame through his electronics stores and range of grocery products, said he complained to the Australian Tax Office ATO once he learned of the payments. My accountant said 'that's how it works, that's what you have to do'.

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Updated February 25, The founder of Dick Smith electronics says greed caused the business' downfall, as stores across Australia and New Zealand prepare to close over the next eight weeks. The company was forced to announce the closures after its receivers were unable to find a suitable buyer for the company. The remaining stores in Australia and 62 in New Zealand will close, resulting in the loss of 2, staff in Australia, and in New Zealand.

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Write review. About reviews. Bevins 1 review.

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Poor communication. No email address you have to go through their contact centre which constantly glitches. No phone number.

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In the beginning, Dick focused his energy towards installing and servicing car radios. He moved the business to bigger premises. It was built to be a playground for electronics hobbyists like Dick himself, and sold a huge array of electronics components to professionals and weekend hobbyists alike. It was hugely successful.

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Those numbers rang alarm bells at the time. Now Dick Smith is in receivership. Most of the analysis looking at the failure focuses on finance: too much debt, stock write-downs and so on. All of that is real.


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