09-27-2012, 12:55 PM | #1 |
Zealot
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Woolworths sells Dick Smith Electronics
Does this mean that Australians won't be able to buy Kindles through Dick Smith stores anymore?
Woolworths has offloaded its Dick Smith Electronics chain for $20 million to private equity group Anchorage Capital Partners. Woolworths said it had signed a share sale agreement with Anchorage and the deal was expected to be finalised in late 2012. Anchorage will take control of the 325 Dick Smith stores, which employ more than 4,500 staff. "Initial cash proceeds will be $20 million to be received in FY13 with Woolworths potentially benefiting from any upside resulting from a future sale of Dick Smith by Anchorage," Woolworths said in a statement on Thursday. Last edited by brewjono; 09-27-2012 at 01:11 PM. |
09-27-2012, 01:45 PM | #2 |
Autism Spectrum Disorder
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Holy Hand Grenades, Batman! Woolworths is still in business?
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09-27-2012, 02:27 PM | #3 |
Kate
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09-27-2012, 03:06 PM | #4 |
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09-27-2012, 03:11 PM | #5 |
Basculocolpic
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That seens like a bargain bottom price for a whole chain of stores.
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09-27-2012, 03:55 PM | #6 |
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"Woolworths sells Dick Smith Electronics"
Here in UK, Woolworths sold Woolworths ....... (Plus a lot of tat they couldn't shift before) |
09-27-2012, 06:13 PM | #7 | |
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09-27-2012, 07:57 PM | #8 |
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Well there goes my 5% discount
My wife works for Woolworths so we both get a staff discount at all Woolworths owned stores. I used to buy from Tricky Dicks a lot, but not so much now as they got rid of their lay-buy system which had worked well for us in the past, whilst our kids were growing up. I do believe they are struggling to compete with the likes of JB HiFi |
09-27-2012, 09:11 PM | #9 |
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09-27-2012, 09:24 PM | #10 |
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09-28-2012, 09:33 PM | #11 |
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10-01-2012, 04:15 AM | #12 |
Nameless Being
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Don't worry, your staff card will still work at Dick Smith till 31st December, 2013. There's been no confirmation, but a couple of higher-ups have indicated that a modified deal with Amazon is in the works so that both Woolies and Dick Smith will have access to Kindles.
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10-01-2012, 05:23 AM | #13 | |
Apprentice Curmudgeon.
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Not all Dick Smith stores are included in the deal. Some will remain independent. Some stores have signs in the windows and near the cash registers indicating this - apparently some are franchises. |
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10-01-2012, 06:24 AM | #14 | |
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Quote:
Once upon a time when it was Dick Smith Electronics it was THE store to go to, but the move away from electronics to just being a retail store killed it. I've noticed for some time their catalogs have not had any real specials, they have just been selected normal priced items 'made' to look a good deal, no discount on normal pricing. |
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10-01-2012, 06:34 PM | #15 |
Nameless Being
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Huh. I thought most of the resellers had closed up years back. I remember seeing a couple in country Victoria when I was growing up. Well, the more you know.
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