Welp, it’s official: if you’re one of the unlucky sods who unwrapped a Dick Smith Electronics gift card for Chrissy, you’ll find it currently redeemable for exactly nothing.
So says the company who has taken over affairs at DSE, after the Australian chain more or less went belly-up in the past few months.
A statement given today by Ferrier Hodgson, the group who’ve taken the reigns at the beleaguered Aussie institution, says “due to the financial circumstances of the Group, unfortunately, outstanding gift vouchers cannot be honoured and deposits cannot be refunded.”
Zilch. Nada. Bupkis.
Still, the eponymous Dick reckons the company still has a fighting chance against the main players in the electronics industry, and he’s dead keen to see the black-and-gold outlet punching above its weight again.
Anyway, what does this mean for you and your now immensely devalued gift certificate? Well, here’s a comforting thought:
Gift cards are unsecured loans to the retailer. Never forget that. https://t.co/44YB6oqoL6
— Mark Pesce (@mpesce) January 5, 2016
It’s not yet clear when – or if – the company will get back to business as usual. Probably worth holding on to those vouchers though, just in case. You never know when you might need to pick up some landline phones to match your new home surveillance system.
Story: ABC.
Photo: Luis Ascui / Getty.
