Dick Smith Holdings Limited formerly Dick Smith , Dick Smith Electronics or DSE was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company closed its stores in , four years after its acquisition by Anchorage Capital Partners. Initially, the business focused on installing and servicing car radios. In , the business's success required it to move to bigger premises, first Atkinson Street, St Leonards , later Carlotta Street, Artarmon with flagship store nearby, on the Pacific Highway, Gore Hill.
Dick Smith enters receivership due to bad sales, banking woes
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This introductory series of projects were designed to introduce people into basic electronics, beginning with analog and ending in digital ICs. Furthermore, it proved to introduce users into larger projects and kits which would ensure return business for Dick Smith Electronics. It was a very successful business for this very reason. Thanks to a very generous OCAU member, who was happy to send items to me for the cost of postage, I have again become reacquainted with the Dick Smith Funway series of books. It was a very nostalgic moment, and I felt it was important to share this with you all as best as possible.
What killed Dick Smith? Inside the Dick Smith collapse
Copyright for the above image is held by MAAS and may be subject to third-party copyright restrictions. This includes artworks, artifacts, images and recordings of people who may have passed away, and other objects which may be culturally sensitive. Next Continue. The uptake of personal computing was increasing in Australia in the late s and early s; however the cost and availability of personal home computers was still restrictive to many. The popularity of the Tandy Radio Shack TRS 80 personal computer prompted the Dick Smith Electronics stores to make a similar computer more widely available to the Australian market, and do so at a lower price.
Jeffrey Knapp does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Early last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. In economic theory, the failure of this Australian retailer is consistent with a dynamic economy.