Dick Smith Foods Closing Down, Smith Blames Aldi–Is Aldi at Fault?

Dick Smith Foods Closing Down, Smith Blames Aldi–Is Aldi at Fault?
Photo of entrepreneur Dick Smith, taken on August 15, 2017. Mark Kolbe via Getty Images
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Dick Smith Foods will close down due to their declining sales over the past 16 years.

On July 26, Smith announced on his website that Dick Smith Foods will close. He also released the announcement in a letter online (pdf). He began his letter by thanking Coles, Woolworths, and Metcash for supporting his products and saying that he did everything he could to get his costs down and kept staffing at a minimum.