Now in Admin : Comet Electrical Stores: more than 6,000 jobs at risk

[arista]

http://www.guardian.co.uk/technology/2012/nov/01/comet-electrical-goods-jobs-risk

"More than 6,000 jobs are at risk as the troubled high-street electricals chain Comet teeters on the edge of administration.
Comet, the UK's second largest electrical specialist after Dixons, has struggled to make headway as supermarkets and online retailers such as Amazon targeted the cut-throatmarket, and could go into administration as soon as Today. It is estimated to have made a loss of £35m in the year to 30 April. In a sign of the toughness of the market US giant Best Buy pulled out of the UK last year after struggling to gain a foothold."


I thought they would soon go

As if you go in with a Amazon Print out
they can not match it.

[Marc]

I always found other electrical stores to be more superior

But it's sad to see Amazon killing them off..and Christmas is coming

[joeysteele]

I think it's sad, not good news at all but it's a sign of the times I guess.

[arista]

Yes
its sad they had asked Maplin to buy Comet stores
but they looked at the books
and said no.

But Maplin will buy a few stores
say have said this morning



Ref :SkyNewsHD Live

http://media.skynews.com/media/images/generated/sky-news/content/StaticFile/jpg/2011/Nov/Week2/164327/default/v0/16106583-522x293.jpg


http://news.sky.com/story/1005436/comet-faces-threat-of-administration


"Comet is owned by OpCapita,
which bought it for just £2 less than
a year ago from Kesa Electricals as
it struggled to compete against
strong supermarket and online competition."

[Vanessa]

Argos is better anyway. :cool:

[Kizzy]

Argos is creaking due to amazon too, I really feel for the employees.. not knowing if they will have a job after christmas :(

[Vanessa]

Argos is creaking due to amazon too, I really feel for the employees.. not knowing if they will have a job after christmas :(

I've never shopped from amazon. Any good? :hugesmile:

[arista]

Yes Amazon and
Play.com now owned by a Japan firm
both sell cheaper than shop prices
All 2nd sellers on Play.com are Free Post
but Amazon some 2nd sellers charge postage.

[Me. I Am Salman]

Well that'll teach Comet for turning their logo into a pile of ****

[arista]

If anyone has a Comet Gift Voucher
spend it today.

As by monday it could be shut down.
as Admin try to sort it.

[arista]

Supply Companies would Allow Comet 30 days to pay them
But this week they told Comet to Pay Up Front.

So some Comets do not have the Latest
Hi Tech Tablets.


This has been on the cards for months it appears.

Ref: radio 5 live

[arista]

It went into Admin last night.


One Store could not take Credit Cards.
thbe system was blocked by Admin.


"Comet offically enters administration,
stores re-open for expected firesale
Comet is preparing for a firesale of its stock
in an attempt to quickly
raise funds after administrators
were officially appointed to
the electricals retailer, confirming the
most high-profile high street failure
since the collapse of Woolworths. "

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9651556/Comet-offically-enters-administration-stores-re-open-for-expected-firesale.html

[Jake.]

A shame seeing these stores fall under :(

[Josy]

Thats sad.

[Cherie]

I've never shopped from amazon. Any good? :hugesmile:

Amazon is amazing whatever you want ...they got it and alot of the stuff is delivered next day...

such a shame to see Comet go... Argo shutting shops...the high street is going to be a different place in the future.:bawling:

[Kazanne]

I've never shopped from amazon. Any good? :hugesmile:

I shop with them all the time Vanessa and have to say they are fantastic and their customer services have always been good with me,their delivery is fast on most things and i have never had a problem if i need something refunding,on the other had i find comets customer services appauling and i for one will not miss them,i find them,cold,unfriendly and unhelpful,so give amazon a try.:hugesmile:

[the truth]

nearly all these retail stores will either collapse or reduce in size ...the internet knows no boundaries, the world is becoming a world of 6 billion small business men and women all of whom have phenomenal range of choices for everything worldwide...any firm who doesnt actively recognize that (like the great woolworths or comet) is doomed , period

[Shaun]

:(