READ MORE:* Dick Smith's chairman hits back at allegations of inflating earnings* Dick Smith accused of inflating earnings to meet performance expectations* Dick Smith closing down sale: the strangest, saddest stuff that's left* Dick Smith reborn as a websiteTough as this is for the banks, they will get some of their money back. Dick Smith Group's autopsy – bad strategy, not foul playFairfax Media Forlorn images of empty shelves and darkly funny signs written by angry staff will be the lasting memories of the retail chain. The first official autopsy report into the demise of the Dick Smith electronics group appears to find the cause of death was management ineptitude rather than foul play. McGrathNicol says: "Dick Smith Group (DSG) grew its store network during FY14 and FY15. McGrathNicol also says Dick Smith failed because it was unable to make scheduled payments without breaching the terms of its bank facilities.

Source: Stuff July 13, 2016 20:26 UTC