Category: Comet

The BBC reports that administrators have confirmed that the total cost of winding up the collapse of electrical retailer Comet will be £15 million.

On December 19th 2012 Comet, for a long time the second largest electrical appliance retailer in the UK, closed its doors for the last time ending nearly eighty years of trading on the high street. 

Although not entirely unexpected it appears that the days of Comet store being in retail parks across the UK are very numbered indeed with the shutters being drawn on another 125 Comet stores.

As was pretty much expected, electrical retailer Comet who is currently in administration, has announced that it is to close forty one stores most likely within the next two weeks.

Comet, the ailing electrical retailer, officially entered into administration placing 6,600 jobs at risk on Friday with Deloitte taking the role of administrator for the business.

New broke early today through a report from the Guardian as far as we can tell that the ailing electrical retailer, Comet, is to enter into administration at some point today.

A few days ago a story broke from Sky News that the current owner of the electrical chain Comet, OpCapita, was exploring the possibility of selling the Comet business a mere eight months after taking control of the ailing retail chain.

The Hull Daily Mail has reported today that the Comet head office call centre is set to close with the loss of a further 284 jobs at the retailer. According to the newspaper the work will be transferred to the company’s call centre in Clevedon, near Bristol.

The Glasgow Evening Times has reported that workers fear they will lose out on redundancy payments from electrical chain Comet.

It has been reported that the Comet Group has put dozens of staff into consultation for redundancy and “may” close 61 stores as part of its drive to cut costs in the volatile consumer market.