Abboud said Dick Smith had $85 million worth of marketing assets to sell to suppliers in the way of TV spots, radio, website advertising and catalogue space. "When you're buying stock I expect you to make sure the supplier is actually helping us with the program we've got in TV, radio, press, so they can help promote their brand." Related Content Will Dick Smith make a comeback in NZ? Most retail companies such as Dick Smith rely on supplier support in the form of rebates as a normal part of doing business. Abboud said he was "not aware" of Dick Smith entering into any such arrangements with suppliers.

Source: New Zealand Herald October 06, 2016 08:37 UTC