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Don McKenzie
Guest
Mon Jan 23, 2012 5:02 am
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and CLSA analysts predict 189 of the retailers’ 386
stores could close as a result.
Parent company Woolworths is reviewing the electronics retailer due to underperforming sales, and CLSA analysts believe
the best option is to reduce store numbers.
"We believe that Woolworths will close up to 189 stores (out of 386) that are deemed unviable and invest significant
effort in pursuing an online strategy to support the 'bricks and mortar' presence," analysts David Thomas and Richard
Barwick wrote in a report entitled "Off With Dick's Head".
"While some may see this as a band-aid measure, we believe it will give Woolworths an ability to improve profitability,
continue to be a relevant player in consumer electronics and allow it to minimise the initial liability-writedown,” the
report read.
Full Story:
http://www.connectedaustralia.com/News/BreakingNews/tabid/119/ArticleId/6643/Off-with-Dick-s-head-189-stores-set-to-close.aspx
Cheers Don...
====================
--
Don McKenzie
Dontronics:
http://www.dontronics-shop.com/
DuinoMite the PIC32 $35 Basic Computer-MicroController
http://www.dontronics-shop.com/the-maximite-computer.html
Just add a VGA monitor or TV, and PS2 Keyboard.
Arduino Shield, Programmed in Basic, or C.
Guest
Mon Jan 23, 2012 6:02 am
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie <5V_at_2.5A> wrote:
Quote:
Off with Dick’s head: 189 stores set to close
Techxperts -- FAIL!
felix_unger
Guest
Mon Jan 23, 2012 8:35 am
On 23-January-2012 3:02 PM, Don McKenzie wrote:
Quote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers’ 386 stores could close as
a result.
Parent company Woolworths is reviewing the electronics retailer due to
underperforming sales, and CLSA analysts believe the best option is to
reduce store numbers.
"We believe that Woolworths will close up to 189 stores (out of 386)
that are deemed unviable and invest significant effort in pursuing an
online strategy to support the 'bricks and mortar' presence," analysts
David Thomas and Richard Barwick wrote in a report entitled "Off With
Dick's Head".
"While some may see this as a band-aid measure, we believe it will
give Woolworths an ability to improve profitability, continue to be a
relevant player in consumer electronics and allow it to minimise the
initial liability-writedown,” the report read.
Full Story:
http://www.connectedaustralia.com/News/BreakingNews/tabid/119/ArticleId/6643/Off-with-Dick-s-head-189-stores-set-to-close.aspx
Cheers Don...
====================
They've also abandoned their 'refund within 14 days, no questions asked'
policy. I thought it was too good to last.
--
rgds,
Pete
-------
“If Julia is the answer, then what was the stupid question?!”
"Julia finally got something right. Older people don't vote Labor, because they have seen too many incompetent, mismanaging, money-wasting Labor governments"
"I regard the prime minister to be in breach of the written agreement she signed, leaving me no option but to honour my word and end my current relationship with her government. We should be able to trust our politicians to keep their word. Frankly a deal is a deal" - Andrew Wilkie, Federal Member for Denison
“All that's needed now is a small miracle to rid us of the worst prime minister and the worst government in Australia's history”
"If the WORLD as a whole cut ALL emissions tomorrow, the average temperature of the planet's not going to drop for several hundred years, perhaps over on thousand years" - Tim Flannery, Climate Commissioner
atec77
Guest
Mon Jan 23, 2012 10:00 am
On 23/01/2012 2:02 PM, Don McKenzie wrote:
Quote:
Off with Dick’s head: 189 stores set to close
No surprise as discussed when you let idiot bean counters take over
dropping the parts line lost a huge group pf customers as the shite
microwaves can be had cheaper elsewhere
who where
Guest
Mon Jan 23, 2012 4:02 pm
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie <5V_at_2.5A> wrote:
Quote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and CLSA analysts predict 189 of the retailers’ 386
stores could close as a result.
(snip)
Since they stopped carrying most of the stuff I would have bought
there in the past, from my pov they might as well shut the whole 386
of them.
swanny
Guest
Mon Jan 23, 2012 9:42 pm
On 23/01/2012 3:02 PM, Don McKenzie wrote:
Quote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers’ 386 stores could close as a
result.
Parent company Woolworths is reviewing the electronics retailer due to
underperforming sales, and CLSA analysts believe the best option is to
reduce store numbers.
"We believe that Woolworths will close up to 189 stores (out of 386)
that are deemed unviable and invest significant effort in pursuing an
online strategy to support the 'bricks and mortar' presence," analysts
David Thomas and Richard Barwick wrote in a report entitled "Off With
Dick's Head".
"While some may see this as a band-aid measure, we believe it will give
Woolworths an ability to improve profitability, continue to be a
relevant player in consumer electronics and allow it to minimise the
initial liability-writedown,” the report read.
Full Story:
http://www.connectedaustralia.com/News/BreakingNews/tabid/119/ArticleId/6643/Off-with-Dick-s-head-189-stores-set-to-close.aspx
Cheers Don...
====================
They probably had too many stores anyway after acquiring Tandy. Several
duplicate stores were closed just after the acquisition, however many
remained open, with dubious viability. What exactly does DSE do now that
makes it any different from HN, JB etc?
Petzl
Guest
Mon Jan 23, 2012 9:59 pm
On Tue, 24 Jan 2012 07:42:42 +1100, swanny <swanny_at_nospam.net> wrote:
Quote:
They probably had too many stores anyway after acquiring Tandy. Several
duplicate stores were closed just after the acquisition, however many
remained open, with dubious viability. What exactly does DSE do now that
makes it any different from HN, JB etc?
And that's the real problem with retail shopping over the years there
are now to many of them doing much the same next door to each other.
--
Petzl
http://tinyurl.com/abba-money-money-money-midi
Parko
Guest
Mon Jan 23, 2012 10:02 pm
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie wrote:
Quote:
Woolworths’ strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers’ 386 stores could close as a
result.
So what?
http://www.wiltronics.com.au/
--
Q: What's an Australian kiss? A: Just like a French kiss, but down under.
keithr
Guest
Mon Jan 23, 2012 10:20 pm
On 24/01/2012 7:42 AM, swanny wrote:
Quote:
On 23/01/2012 3:02 PM, Don McKenzie wrote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers’ 386 stores could close as a
result.
Parent company Woolworths is reviewing the electronics retailer due to
underperforming sales, and CLSA analysts believe the best option is to
reduce store numbers.
"We believe that Woolworths will close up to 189 stores (out of 386)
that are deemed unviable and invest significant effort in pursuing an
online strategy to support the 'bricks and mortar' presence," analysts
David Thomas and Richard Barwick wrote in a report entitled "Off With
Dick's Head".
"While some may see this as a band-aid measure, we believe it will give
Woolworths an ability to improve profitability, continue to be a
relevant player in consumer electronics and allow it to minimise the
initial liability-writedown,” the report read.
Full Story:
http://www.connectedaustralia.com/News/BreakingNews/tabid/119/ArticleId/6643/Off-with-Dick-s-head-189-stores-set-to-close.aspx
Cheers Don...
====================
They probably had too many stores anyway after acquiring Tandy. Several
duplicate stores were closed just after the acquisition, however many
remained open, with dubious viability. What exactly does DSE do now that
makes it any different from HN, JB etc?
They charge more and employ less knowledgeable staff
Jeßus
Guest
Mon Jan 23, 2012 10:54 pm
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie <5V_at_2.5A> wrote:
Quote:
Off with Dick’s head: 189 stores set to close
No great loss there. Except possibly to their shareholders. Good
riddance to (post 1985) DSE I say.
------
If a man says something in the woods and there are no women there, is he still wrong? ? Steven Wright
SG1
Guest
Tue Jan 24, 2012 12:55 am
"swanny" <swanny_at_nospam.net> wrote in message
news:9DjTq.2050$v14.797_at_viwinnwfe02.internal.bigpond.com...
Quote:
On 23/01/2012 3:02 PM, Don McKenzie wrote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers’ 386 stores could close as a
result.
Parent company Woolworths is reviewing the electronics retailer due to
underperforming sales, and CLSA analysts believe the best option is to
reduce store numbers.
"We believe that Woolworths will close up to 189 stores (out of 386)
that are deemed unviable and invest significant effort in pursuing an
online strategy to support the 'bricks and mortar' presence," analysts
David Thomas and Richard Barwick wrote in a report entitled "Off With
Dick's Head".
"While some may see this as a band-aid measure, we believe it will give
Woolworths an ability to improve profitability, continue to be a
relevant player in consumer electronics and allow it to minimise the
initial liability-writedown,” the report read.
Full Story:
http://www.connectedaustralia.com/News/BreakingNews/tabid/119/ArticleId/6643/Off-with-Dick-s-head-189-stores-set-to-close.aspx
Cheers Don...
====================
They probably had too many stores anyway after acquiring Tandy. Several
duplicate stores were closed just after the acquisition, however many
remained open, with dubious viability. What exactly does DSE do now that
makes it any different from HN, JB etc?
They don't have enuf stock/variety as the above mentioned.
>
Yaputya Leftlegin
Guest
Tue Jan 24, 2012 1:39 am
"Jeßus" <none_at_all.invalid> wrote in message
news:rmlrh71vp85i7dam7orr053el32svd76cd_at_4ax.com...
Quote:
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie <5V_at_2.5A> wrote:
Off with Dick's head: 189 stores set to close
No great loss there. Except possibly to their shareholders. Good
riddance to (post 1985) DSE I say.
------
If a man says something in the woods and there are no women there, is he
still wrong? ? Steven Wright
My first amplifier was a Dick Smith kit - the EA Playmaster 136 from around
1972/73.
There was only one Dick Smith store at the time, at Gore Hill in Sydney.
I used the mail order service and the kit arrived promptly with all bits
included - and it
worked first time. DSE has long since lost the plot.
Clocky
Guest
Tue Jan 24, 2012 1:45 am
atec77 wrote:
Quote:
On 23/01/2012 2:02 PM, Don McKenzie wrote:
Off with Dick’s head: 189 stores set to close
No surprise as discussed when you let idiot bean counters take over
dropping the parts line lost a huge group pf customers
No it didn't.
I worked for DSE and parts sales were almost insignifcant largely due to
pressure from cheap sources online and places like Jaycar that have a better
inventory of components.
Even Jaycar is having to diversify as component sales are ever declining.
felix_unger
Guest
Tue Jan 24, 2012 1:57 am
On 24-January-2012 2:02 AM, who where wrote:
Quote:
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie<5V_at_2.5A> wrote:
Off with Dick’s head: 189 stores set to close
Woolworths’ strategic review of Dick Smith is drawing to an end, and CLSA analysts predict 189 of the retailers’ 386
stores could close as a result.
(snip)
Since they stopped carrying most of the stuff I would have bought
there in the past, from my pov they might as well shut the whole 386
of them.
what did they ever sell that was any good
--
rgds,
Pete
-------
“If Julia is the answer, then what was the stupid question?!”
"Julia finally got something right. Older people don't vote Labor, because they have seen too many incompetent, mismanaging, money-wasting Labor governments"
"I regard the prime minister to be in breach of the written agreement she signed, leaving me no option but to honour my word and end my current relationship with her government. We should be able to trust our politicians to keep their word. Frankly a deal is a deal" - Andrew Wilkie, Federal Member for Denison
“All that's needed now is a small miracle to rid us of the worst prime minister and the worst government in Australia's history”
"If the WORLD as a whole cut ALL emissions tomorrow, the average temperature of the planet's not going to drop for several hundred years, perhaps over on thousand years" - Tim Flannery, Climate Commissioner
Clocky
Guest
Tue Jan 24, 2012 2:12 am
who where wrote:
Quote:
On Mon, 23 Jan 2012 15:02:30 +1100, Don McKenzie <5V_at_2.5A> wrote:
Off with Dick's head: 189 stores set to close
Woolworths' strategic review of Dick Smith is drawing to an end, and
CLSA analysts predict 189 of the retailers' 386 stores could close
as a result.
(snip)
Since they stopped carrying most of the stuff I would have bought
there in the past, from my pov they might as well shut the whole 386
of them.
Likewise, but I know that component and tool sales were declining for years
(I worked there for some time as a casual when I was semi-retired (gimme a
break, I was only 35 and I was one of the few people who knew my P section
stuff OK) and that wasn't going to sustain all those stores.
The problem they have is that they are often still thought of as the
electronics enthusiasts store (so the average Joe still thinks it's not for
them, at least that's the vibe I get) and at the same time they have killed
off the enthusiast lines and have gone with products that people think are
synonymous with the larger, better known retailers.
They're fucked IOW and may as well close all the stores as I think that will
be the inevitable outcome anyway
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