{"id":4599,"date":"2016-01-05T11:28:45","date_gmt":"2016-01-05T01:28:45","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=4599"},"modified":"2016-01-05T11:28:45","modified_gmt":"2016-01-05T01:28:45","slug":"dick-smith-goes-into-voluntary-administration","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/dick-smith-goes-into-voluntary-administration\/","title":{"rendered":"Dick Smith goes into voluntary administration"},"content":{"rendered":"<blockquote><p>Electronics retailer Dick Smith has gone into voluntary administration, with McGrathNicol appointed to run the firm following a failure to secure adequate funding to support the business.<\/p><\/blockquote>\n<p>The path the company has taken from a $520 million public float 2 years ago to today\u00a0is a\u00a0pretty shocking decline.<\/p>\n<p>If you haven&#8217;t read <a href=\"https:\/\/reckoner.com.au\/2015\/10\/how-dick-smith-was-spun-from-a-pig-into-a-princess\/\">that piece on Anchorage Capital&#8217;s part in this story<\/a>, go check it out. It&#8217;s fascinating reading.<\/p>\n<p><a href=\"https:\/\/www.ozbargain.com.au\/node\/228962\" target=\"_blank\">Ozbargain is trying to figure out if gift cards are still valid<\/a>. At the time of writing, it looks like probably not.<\/p>\n<p>As a former retail jockey, I feel bad\u00a0for those working retail at Dick Smith. Now&#8217;s a good time to polish up that resume.<\/p>\n<p><span class=\"source-link\"><span class=\"source-link\">Source: <em><a href=\"http:\/\/www.abc.net.au\/news\/2016-01-05\/dick-smith-enters-voluntary-administration\/7067798\">Dick Smith enters voluntary administration due to bad sales, banking woes &#8211; ABC News (Australian Broadcasting Corporation)<\/a><\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Electronics retailer Dick Smith has gone into voluntary administration, with McGrathNicol appointed to run the firm following a&hellip;\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[],"jetpack_publicize_connections":[],"reckoner_social_message":null,"_links":{"self":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/4599"}],"collection":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/comments?post=4599"}],"version-history":[{"count":0,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/4599\/revisions"}],"wp:attachment":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/media?parent=4599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/categories?post=4599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/tags?post=4599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}