ELECTRONICS retailer Dick Smith appears to be in a grave financial situation after the company went into voluntary administration earlier this week.
Until further assessment of the company’s financial future the local Dick Smith Swan Hill store will continue to trade as-per-usual.
The sizeable retailer, part of the CBD’s ‘Golden Block’, employs five staff members in their mid-twenties and has been trading since 2011.
The Guardian understands that should the company go bust the Swan Hill staff members will be duly compensated, followed by customers with outstanding gift-cards and laybys.
Next in line are credited investors and then uncredited investors.
According to a media release issued by the company earlier this week, good sales figures across the Christmas period were not enough to bring the company out of the red.
For more on this story, pick up a copy of today’s (Friday, January 8) The Guardian…
