It would appear that DSG is not the only major electricals retailer that is struggling with the current market conditions as it is reported that more than 100 store staff at Comet could lose their jobs as the UK electricals retailer cuts costs amid tough trading in the retail sector.
The Comet chain, which is owned by Kesa Electricals, is to make the post of store deputy manager redundant, and kicked off a consultation period with those affected this week
A Comet spokeswoman said: “Our proposal is a response to the changes our business is facing and the highly competitive nature of the market we operate in. We are seeking to secure alternative roles for colleagues based on their experience and the roles available.” She said no decision had yet been made about job losses. Comet employs about 10,000 staff, including 202 store deputy managers.
Robert Clark, senior partner at a market research firm, said that, “If fewer people are moving house, then they are less likely to purchase new fridges and washing machines that fit into their new space.” However, he stressed all retailers are taking a sword to their staffing costs and unprofitable stores.
In June, Kesa chief executive Jean-No«l Labroue said the UK-wide market for white goods, such as fridges and dishwashers, was down by 8 to 10 per cent.