Dick Smith closes doors

Date

Woolworths announcement that it will shut the doors on 100 Dick Smith stores doesn't come as a surprise to the stores founder. Tony McManus spoke to Dick Smith who says the move is just a sign of the ruthless corporate world we live in.

1 comment so far

  • Though Dick Smith is right in saying that constant growth cannot be possible forever, to see the DS stores under new Australian (!) management and sustainably so would need some changes to get around the current problem of "no GST for overseas purchases below 1k$". This really does distort competition. Instead of expecting retailers to transfer the GST, the ATO should do it digitally themselves or via the VISA etc. systems. There must be a way to treat domestic and overseas vendors alike.

    Commenter
    Martin
    Date and time
    January 31, 2012, 1:51PM

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