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.
More top news
Communities across County Durham and Darlington are being urged to take part in the ‘Big Spring Clean’ litter-picking campaign.
Craig Harrison has been sacked by Hartlepool United.
A look ahead at the forecast for the Tyne Tees region.