Dick Smith Stores: April 30 is Last Day for Business

Dick Smith

Australia’s failed electronics retailer Dick Smith will have April 30 as the final day for closing its bricks and mortar stores. This was announced by the receiver, Ferrier Hodgson.

The stores are finally closing after the receiver failed to find a buyer for the 363 Dick Smith outlets across Australia and New Zealand. It also left the future of close to 3000 employees in the lurch.

Many stores have already ceased trading since March and they include Mornington in Victoria and Whyalla in South Australia. The receiver notified 35 more stores on the exact closure date.

Termination notice to employees will be given after the exact date of store closure is known, reports ARN Net.

“We would like to thank the Dick Smith employees for their support during the controlled closure process. This is a difficult and uncertain time for them and we have really appreciated their commitment,” Receiver, James Stewart, said.

Ferrier Hodgson said the affected staff will be redeployed wherever possible. Others will receive redundancy notices if redeployment is not possible.

Dick Smith’s online retail business has been acquired by online retailer who will take over on June 1. Kogan plans to keep the legacy of the brand as an online-only consumer electronics retailer.

The following list is the schedule of the stores’ closure. Outlets in Tamworth, Hurstville, and Lake Haven in NSW and Glenwood, Thames, Invercargill, Alexandra, Orewa, Masterson and Levin in New Zealand will close on April 9.

Those closing on April 16 include Penrith, Rhodes, Campbelltown, Carnes Hills, Winston Hills, Rockdale, Marrickville Wollongong in NSW, Toowoomba and Airlie Beach in Queensland; Glenelg, North Park, Golden Grove and Mount Barker in South Australia; Kingston in Tasmania; and Wendouree, Mildura, Sale, Cannington, Riverton and Carousel in Victoria.

However, the uncertainty in serving termination notice to employees has raised the resentment of unions.

First Union retail secretary Maxine Gay said.  “Most decent places allow people to go if and when they find a job because sometimes that is the difference between getting and not getting the job.”

She said it was unfair to ask staff to stay right to the end because it would mean they had to use up any redundancy payout before finding a new position, reports

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