Employees to lose jobs as Dick Smith stores close
ELECTRONICS retailer Dick Smith will soon be no more with the store in Grafton's CBD set to close in four to eight weeks.
Four people are set to lose their jobs and manager Simon Boatswain said it's them he worries about the most.
"These guys have families to feed, mortgages to pay, so this is hitting them pretty hard," he said.
"It's the staff I feel the worst for."
Mr Boatswain said staff were told around 2pm Thursday that a buyer couldn't be found for the embattled chain and it would be going out of business.
No offer was made to receivers Ferrier Hodgson that was above the liquidation price, prompting the closure of the business.
"It was half expected, it was either going to go one way or the other," Mr Boatswain said.
Mr Boatswain said the Grafton store had been operating for almost 10 years but would be shut in less than eight weeks.
"We'll just try and sell everything we've got and see how we go," he said.
Dick Smith customer Nerissa Wilcock said the store's closure was part of a worrying trend.
"It's disappointing to see, especially since it seems that so many other stores are closing," she said.
"It will make things harder for competition, definitely."
Another customer, Ron Young, bought a TV from Dick Smith last week and said the closure was just another example of corporate greed from investment bankers "who don't care about the staff and who is affected".
The Grafton store is one of 301 Dick Smith stores in Australia and 62 in New Zealand that will be closed, with around 3000 people losing their jobs.