Dick Smith to Close 363 Stores as Receivers Fail to Find a Buyer

  • 2,890 staff at iconic electronics retailer to lose their jobs
  • Iconic firm founded in 1968 entered administration in January

Pedestrians walk past a Dick Smith store in South Yarra in Melbourne.

Photographer: Julian Smith/EPA

Dick Smith Holdings Ltd., the electronics retailer whose black and yellow storefronts are a feature in malls across Australia, will close most of its outlets after receivers failed to find a buyer.

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