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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A 19-year-old woman has sadly died from her injuries. Another female has been taken to hospital with serious injuries.
Drying up overnight into Sunday. Unsettled into Monday
Two men have appeared in court charged with the murder of a woman whose body was found in a burning car in Houghton.