Yesterday morning, Dick Smith kicked off its closing down sale as it prepares to permanently shut down all stores in New Zealand and Australia over the next eight weeks. To many, the deals weren’t quite up to the “fire sale” moniker they had been labeled under, with most items slashed by just 20 per cent. However, we have it on good authority that the discounts will receive a big increase this Thursday. Here’s what you need to know.
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A Dick Smith manager known to Lifehacker Australia contacted us with exclusive details about the sale. As we had previously predicted, things are going to get progressively cheaper as the sale runs its course. Here’s what our insider had to say:
“I’ve been told that each Thursday, prices will continue to drop incrementally. This will continue over the space of eight weeks (max). Most stores are expected to be closed (i.e. — run out of stock) in 4-5 weeks, with the remaining scraps shifted to large format stores for the final.”
So there you have it. If you’re unimpressed with the sale this weekend, it could be worth heading back for a second squiz first thing Thursday morning. Or possibly even the Thursday after that.
The reason for this piecemeal approach is pretty obvious when you think about it: with outstanding wages and other debts to pay, the company is keen to make as much revenue from the sale as possible.
As consumers, it’s our job to hold off until the deals actually become worthwhile (sorry Dick Smith employees.) Hopefully, there will still be some decent stock left by the time things get properly fire-sale crazy.