Comet is on the brink of going into administration as early as Thursday putting 6,000 jobs at risk and continuing the carnage on the British high street. Owner Opcapita won’t make money by selling the shop sites as they, and almost all their non-retail premises, are leased.The electricals retailer has lined up Deloitte as administrator, according to people familiar with the situation.
The company has very few assets. So, whatever the relative merits of Opcapita are, in this case they can’t be accused of asset stripping.
“The reason why Tesco and Amazon do well is that their managers are focused on quality service and crack down on shoddy and inefficient work. I wouldn’t blame the economic environment too much.”
Comet close to administration, 6,000 jobs under threat flpbd.it/Jzp6H
— Will Corry (@slievemore) November 1, 2012
“I went to Comet at the weekend to get a network patch cable – the cheapest was over £20 – the same on amazon was £3! – If they were not so expensive for the smaller things then more people would go to these shops. Even independent small retailers are sometimes cheaper than Comet. I have purchased many things off them in the past but stopped as I was sick of the “insurance” sell sell sell facade.
Yes I now shop online – but that’s what the government has been pushing e-trade, what the government has failed to do is ensure e-traders are paying the right corp tax”