Comet has confirmed the locations of further store closures. Published: 07:32 EDT, 17 November 2012 | … By continuing to browse the site you are agreeing to our use of cookies. Another 125 Comet stores to close as 5,000 staff face redundancy just a week before Christmas. Administrators of flailing retailer Comet have today announced plans to close a further 125 stores in the run-up to Christmas as no firm offer has been made for the whole business. Redundancies were "inevitable" although administrators Deloitte said they would look to place staff from closing stores into other nearby outlets. The stricken retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators have confirmed. Deloitte, called into Comet at the start of this month, began chopping staff a week ago when 330 workers, mainly at head office and in support functions, were shown the door. More Comet stores to close this weekend This article is more than 7 years old Sales offering at least 50% off products have been launched at 54 stores as hopes fade over a rescue deal Comet, which was once the UK’s second largest electrical retailer with 240 stores, collapsed into administration in 2012 after being hit hard by the recession. When the OH and I were first married (nearly 40 years ago), Comet was THE place to go for electronic and household goods. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found. Around 5600 jobs were lost after Comet failed to ward off pressure from both the economic downturn and the rise of smartphones eating into the TV and computer sales. The brand was introduced in 1956 by Procter & Gamble (P&G) and sold to Prestige Brands in 2001. At the time Deloitte said it did not plan to close any of the stores or axe sales bods in those outlets as talks with interested parties continued. 0 Redundancies were … This site uses cookies. By Harry Glass. Last week, the Levy family, which has owned and operated the Comet Market at 1028 W. Mahoning St., announced to their employees that the difficult decision to close the store's doors had been made. Comet did none of the above, and that's why they've gone under. By Alex Lawson 2012-12-05T13:38:00+00:00. Comet is an American brand of scouring powders and other household cleaning products manufactured by KIK Custom Products Inc. Comet is one of the most respected British brands in the UK, offering the most competitive choice of branded, quality products at consistently low prices. The stricken retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators have confirmed. The core range of Comet's products includes laptops, Televisions, Small domestic appliances, electronics, and the latest accessories on the market. Redundancies were "inevitable" although administrators Deloitte said they would look to place staff from closing stores into other nearby outlets. The remaining 70 stores will stay open until all remaining stock is … Comet Closing Down Sales As 41 Stores To Shut The stricken retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators have confirmed. ... Comet: List of further stores to close. COMET closing down sales start - and 41 stores could close within weeks if no buyer arrives. After 50 years of service to the community, Comet Market to close its doors PUNXSUTAWNEY — The old saying goes, "All good things must come to an end."
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