By 1980, the company had grown to 20 stores and Dick had sold 60% of the company's working share to Woolworths Limited. No less than two years later, he sold the balance to Woolworths who took full ownership of the company, having paid a total of A$25million. Dick Smith continued to add to its network of small ‘main street’ stores in suburbs and regional cities across Australia. Soon you wouldn’t have to travel far to find the iconic yellow-and-black retailer selling all the latest and greatest tech essentials.
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