Wounded electronics retailer Dick Smith is bleeding almost $3 million a week as receivers Ferrier Hodgson negotiate the sale of the business.
Sources close to the chain suggest losses have blown out from about $2.5 million at the beginning of the year to closer to $3 million as pressure builds to shut down the weakest performing outlets in the chain.
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Catie Low covers the retail and consumer goods sectors. Connect with Catie on Twitter.
