Dick Smith is one of five companies cut from the benchmark S&P/ASX200 index after its share price tumbled on two profit warnings.
Dick Smith has been struck off the Australian share market's top 200 companies list just as its stores launch a mammoth clearance sale.
Shares in the electronics retailer have tanked more than 80 per cent, wiping millions of dollars from its market value after it issued two profit warnings following disappointing October and November sales.
The retailer will be one of five companies removed from the benchmark S&P/ASX200 index on December 18.
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