Dick Smith kicks off fire sale

 In Australia, NewZealand
Australia’s oldest electronics retailer, Dick Smith, has reportedly kicked off a fire sale of remaining stock at stores around the country as its operations in Australia and New Zealand are wound up over the next eight weeks.
It’s the second major sale in three months for the chain, which launched a desperate pre-Christmas clearance in a bid to prop up sagging sales. That sale failed to save it from the clutches of nervous bankers, who forced it in to receivership in January.
Receiver Ferrier Hodgson announced on Thursday that the troubled chain would be shut, putting close to 3000 staff out of work. Sydney Morning Herald – Read more…

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