TechDay New Zealand - Aotearoa's technology news network

Dick Smith stories

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Dick Smith Electronics' Liquidation reveals grim financial state after seven years
Fri, 1st Sep 2023
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KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.
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One year on Kogan.com celebrates success of Dick Smith online business
Mon, 15th May 2017
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One year on from its acquisition of the failed Dick Smith’s online business, Kogan.com says the business is ‘thriving’ and is ‘a sustainable retailer'.
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Education, govt and corporate buck downward trend to record increased PC sales
Tue, 21st Mar 2017
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byod
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edutech
Education, govt and corporate PC shipments have recorded growth in Australia for Q4 and full year 2016, IDC Australia says. So who's winning and why?.
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Former Dick Smith directors and execs facing legal action
Mon, 20th Mar 2017
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Dick Smith directors and executives in the firing line again withreceivers Ferrier Hodgson reportedly filing legal action against them.
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JB Hi-Fi NZ profit slumps despite revenue growth
Mon, 23rd Jan 2017
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nz
JB Hi-Fi NZ has seen its final profit for last financial year almost halved, despite an 11% rise in revenue and a jump of nearly 13% in gross profit.
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Kogan beats FY17 forecast in first half following strong Christmas trading
Tue, 17th Jan 2017
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Kogan.com, which last year acquired and resurrected Dick Smith's online business, has beaten its full year forecast in the first six months of FY17.
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JB Hi-Fi sales up; new chief executive takes over reins
Mon, 31st Oct 2016
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nz
JB Hi-Fi's sales continue to climb as it heads into the Christmas period with new products, technologies and stores on the cards.
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New Dick Smith online store claims Kiwi success
Tue, 11th Oct 2016
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kogan.com
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As the Australian Supreme Court hearing into the demise of Dick Smith rumbles on, the new Dick Smith online store is already claiming local success.
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Dick Smith receivers' six month report throws light on high debts
Mon, 26th Sep 2016
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Receivers continue to give little indication of exactly how big the shortfall from failed retailer Dick Smith’s NZ business with debts topping $150m.
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Dick Smith creditors vote for liquidation of failed company
Tue, 26th Jul 2016
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technology gifts
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Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
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Dick Smith report outlines the decisions that lead to failure of a giant
Thu, 14th Jul 2016
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retail
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banking
A long awaited report into the collapse of Dick Smith Group highlighs numerous poor decisions which ultimately lead to the fall of an industry giant.
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Dick Smith fallout continues
Tue, 12th Jul 2016
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Dick Smith management and directors are facing questions over the failure of the business, while Anchorage executives are also in for a grilling.
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Exclusive: Dick Smith failure drags Synnex NZ into red
Fri, 8th Jul 2016
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The failure of Dick Smith Electronics has impacted Synnex NZ's financials, dragging the company into the red despite double digit revenue growth.
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Dick Smith shareholders told there's nothing in the bank for them
Fri, 24th Jun 2016
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hsbc
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Dick Smith shareholders won't be recouping any of their investment, with administrators this week confirming the cupboards are bare.
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Dick Smith back online as Kogan relaunches brand
Wed, 4th May 2016
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The new online Dick Smith brand has launched with new owners Kogan.com promising to 'rebuild the legacy of the brand' as a leading tech retailer.
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Dick Smith closure opens doors to other 'significant' retailers
Tue, 3rd May 2016
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colliers
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Former Dick Smith stores in New Zealand are being snapped up by other retailers, including Bed Bath - Beyond, as the company closes its doors.
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From tech to cars: 2 Cheap Cars on the hunt for DSE staff
Fri, 29th Apr 2016
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jobs
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Dick Smith’s Kiwi staff could find jobs from an unlikely source with 2 Cheap Cars liaising with liquidators to open contact channels to recruit staff.
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Final farewell: Closures for last Dick Smith stores set
Tue, 19th Apr 2016
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The dates have been announced for the closure of the final Dick Smith stores, bringing to an end nearly 50 years of business.
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Dick Smith closures gather pace with dates for 108 more stores confirmed
Wed, 13th Apr 2016
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kogan.com
The rolling closure of Dick Smith stores continues with closure dates for another 108 stores - including all Kiwi stores - announced today.
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Updated: Dick Smith stores given closure deadline of April 30
Thu, 31st Mar 2016
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kogan.com
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nz
Dates for the closures of the Dick Smith stores have been announced, with all stores across Australia and New Zealand due to be closed by May 01.
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All Dick Smith extended warranties to be honoured
Wed, 16th Mar 2016
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The Warranty Group is assuring Dick Smith customers it will honour all extended warranties sold by the failed company across Australia and New Zealand.
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UPDATED: Dick Smith name to live on under new owners, Kogan.com
Tue, 15th Mar 2016
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Kogan.com has purchased Dick Smith's online business and plans to keep the Dick Smith brand alive. Ruslan Kogan explains why - and how.
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DSE New Zealand loss of around $100 million expected
Tue, 8th Mar 2016
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Dick Smith Electronics NZ operations have an estimated net loss of nearly $100 million in book value with Ingram Micro and Synnex among the creditors.
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Final Dick Smith stores fall as Move Airport stores close
Mon, 7th Mar 2016
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Dick Smith's final four stores have fallen, with receivers announcing the immediate closure of four Move Airport stores after asset sale failure.