The company has nine outlets in the North East, but has been struggling in recent times against competition from internet only retailers.
Comet will go into administration next week and it is believed that the stores will stay open whilst attempts are made to find a buyer.
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Kerrie Gosney brings you Sunday night's forecast
Cold with wintry showers overnight and on Monday.
Cold air from Canada will turn showers wintry overnight into Monday morning. Snow could settle over higher routes. Icy patches possible