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 brings you Saturday night's forecast for the Tyne Tees region
North Yorkshire Police say they have arrested 41 people in the first nine days of this year's drink and drug driving campaign.
Gusty winds over hills. Mainly dry with a cooler night ahead