Dick Smith is throwing a huge clearance sale in Australia and New Zealand today as it prepares to shut down the business for good. Here are all the details we have so far, including the types of discounts you can expect to see.
Today, Dick Smith’s receivers announced that the beleaguered electronics chain would be closing permanently after failing to find a buyer. With the exception of Move airport locations, all stores across Australia and New Zealand will be shutting their doors by mid-April.
As reported by Business Insider, store managers have been informed by Ferrier Hodgson receivers to wait for sale signage and further instructions. In other words, an impending fire sale has been confirmed. Here's everything you need to know.
When Does The Dick Smith Sale Start?
The Dick Smith closing down sale will be kicking off when stores open -- typically between 9am and 10am. It's worth checking your intended store's trading hours and getting there with plenty of time to spare. Queues will probably be forming well before doors open, so set your alarm clocks and get in early!
Where Is The Dick Smith Sale Happening?
Everywhere. The Dick Smith sale will be held across all 363 stores in Australia and New Zealand. You can find the outlet that's closest to your location here.
Is Everything At Dick Smith Going To Be On Sale?
Pretty much. This is not some over-hyped attempt to sell last year's TV models or excess stock. Instead, Dick Smith is essentially trying to gut its entire inventory. To borrow an old cliche, everything must go! You can see a complete list of all the bargains here.
How Big Are The Discounts?
Initially, most items will be slashed by between 20% and 40% although some discounts will be significantly higher depending on the product. Dick Smith has indicated that the sale will continue over the next eight weeks or until stocks run out: whichever happens first. You can expect further discounts as the sale continues, although by then all the good stuff might already be gone.
According to OzBargain, there will be some exception products and brands that will have a lesser discount. A small range of items, such as iTunes gift cards, will have no discount applied.
How Will The Sale Work?
It's going to be a free for all: like-products will be grouped together in-store with one discount applied to that location, bargain bin style. Expect some jostling.
Can I Get A Store To Hold An Item For Me?
No. Store managers have been specifically instructed not to hold stock for either customers or staff members. If you can't get time off work, you'll just have to take your chances in the evening.
Won't Dick Smith employees just nick all the good stuff again?
This is something Dick Smith has been accused of in the past, but we have reason to believe that this sale will be different. Firstly, the sales should be much larger than previous promotions, with Dick Smith trying to get rid of everything.
Secondly, Dick Smith's 2500-strong workforce has just been informed that they no longer have jobs. We imagine they have more pressing concerns than landing a cheap bargain. (Commiserations, guys!)
Plus, the thought of handing over money to the company that just made you redundant probably doesn't sit too well with a lot of these staff members. For once, the odds are in the customers' favour.
Will The Sales Be Available Online?
At the time of writing, Dick Smith has not updated its website with clearance sale information or online deals. It's definitely worth checking back later in the day though. (With that said, we'd be extremely leery of purchasing online goods from a company that's just gone bust. A product in hand is worth two on the web!)
What About Dick Smith's Competitors?
It will be business as usual for JB Hi-Fi, Harvey Norman and the rest. However, don't be surprised if some sales start to pop up over the coming weeks as Dick Smith's rivals attempt to cash in on the surge in consumer sentiment.
So to summarise, the closing down sale will be in every store, it's likely to include most if not all stock and you should definitely get there early. Good luck!
Are you going bargain hunting at your local Dick Smith's today? Let us know what you find in the comments section below!