Comet retailer to go into administration

[Terpe]

Around 6,500 retail jobs are at risk after electrical chain Comet confirmed that it will be put into administration next week.

Source:-
http://www.bbc.co.uk/news/business-20164228

[bigmarco]

More sad news for the high street.
I bought a washing machine off them about 18 months ago and they flogged me a policy for £4.49 a month that repairs the machine if it breaks down or replaces it if it is beyond repair. Guess I'll have to check how that stands now as I'm sure they'll continue to take the money.

[lastlid]

WOW. We have just had a branch of PCWorld / Curries open up here. I guess they must be doing something right.

[bigmarco]

WOW. We have just had a branch of PCWorld / Curries open up here. I guess they must be doing something right.

See the articles right. Shares in PC World/ Currys jump 15% as the investors speculate that a major competitor will be removed from the market.
I'm sure the same thing probably happened when JJB sports went bust. Sportsworld and JD sports shares probably jumped.
We're in the wrong business :biggrin::biggrin:

[Terpe]

In one of our many out-of-town retail parks we had an outlet of Comet, Curry's, PC world and Staples. All within a 1 minute of each other.

Just in the past few weeks Staples moved to a smaller unit, PC world has closed (and that unit is empty) and Curry's is now called Curry's /PC World

We have no Dixons but I understand that retail-wise it's doing better business now.

[grahamw48]

Shame for the employees, but if they're having a sale I need a new Xbox. :smile:

[Dedworth]

In one of our many out-of-town retail parks we had an outlet of Comet, Curry's, PC world and Staples. All within a 1 minute of each other.

Just in the past few weeks Staples moved to a smaller unit, PC world has closed (and that unit is empty) and Curry's is now called Curry's /PC World

We have no Dixons but I understand that retail-wise it's doing better business now.

Dixons, PC World & Curry's are all part of the same group http://www.dixonsretail.com/dixons/en/aboutus/ourbrands personally I'd rather see these spivs go to the wall than Comet

[grahamw48]

Trying to think what other cheap stuff I need. :Erm:

[andy222]

Yes another 6500 jobs to go but the europeans will come to the rescue.:icon_lol:. Just wait till the bulgarians get here £3 an hour.:icon_lol:

[bigmarco]

Elsewhere it could be the end of the traditional Black Cab unless someone steps in to buy Manganese Bronze. Hardly surprising now that Mercedes are in the market. German reliability or Hugely over priced poorly made British version who have been ripping cabbies off for years.

http://www.independent.co.uk/news/business/news/workers-at-coventrybased-black-cab-manufacturer-manganese-bronze-in-talks-with-bosses-as-firm-announces-156-redundancies-8273561.html

[Dedworth]

Trying to think what other cheap stuff I need. :Erm:

Top pic (Avatar) you've got there Graham :icon_lol:

[grahamw48]

Wondered when someone would notice. lol :icon_lol:

[Dedworth]

Wondered when someone would notice. lol :icon_lol:

how's about that, then?

[grahamw48]

Now then now then. :blahblah:

Freddie Star now arrested too....and...of course, Garry Glitter. :NoNo: