'Legacy of under-investment' at Comet led to woes

Retail analyst Richard Perks told ITV News that Comet's administration woes are due to a "legacy of under-investment".

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3000 Comet job losses expected

Administrators for the electrical retail chain Comet has announced 125 store closures, which is expected to trigger around 3,000 job losses. Around 330 jobs have been gone today.