Dick Smith Electronics in administration.

On 5/01/2016 7:40 AM, Sylvia Else wrote:



Heh, when I was in there buying a couple of HDMI cables (2 pack 5M for  
$20) just last week I noticed they were moving stock around with a lot  
of empty shelving and I asked the manager (who I know from what he did  
previously) half jokingly if that was it and they were closing shop.

He said it was just the after-Christmas stock reshuffle but it looks  
like I wasn't far off the mark.

On 5/01/2016 12:41 PM, Clocky wrote:

Perhaps, though I doubt he knew about the administration. Once the  
directors decide that an administrator is required, they have to appoint  
one as soon possible, or risk being accused of trading while insolvent.

Sylvia.

On 5/01/2016 10:34 AM, Sylvia Else wrote:


He wouldn't have known about the administration, he's just started the  
job. I just meant my comments were quite salient to the situation DSE  
was actually in, in hindsight.

On Tue, 5 Jan 2016 10:40:19 +1100, Sylvia Else



I always thought they were doomed, as towards the end they did nothing
particularly great and their competitors did it much better.



Nope.

 Sylvia Else wrote:

  
** DSE is still trading and is about to be offered for sale as a going conc
ern.
There is a massive debt owed to the NAB and various suppliers, so that may  
not happen.

But the name itself would be a valuable asset for someone and so is not lik
ely to completely disappear.  

Possibly it could be used for an electronics equivalent of Aldi, where all  
the goods use in-house brand names with low prices and face no direct compe
tition. DSE was pretty much like that back in the 70s and 80s when Dick imp
orted nearly everything from HK and Taiwan and stuck his own name and cat n
umber on them.  

Dick's oft stated fear that the "Aussie" company he started could wind up w
ith a foreign owner is about to come true.  


....  Phil  

On Thu, 7 Jan 2016 23:16:24 -0800 (PST), Phil Allison



I wonder if there's been any comment from Dick himself?

I think I remember him saying something in the ABC TV news report I
saw, might have been stock footage though.