Comet to close 41 stores

Stricken electricals retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators confirmed today.

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Comet to close 41 stores, says administrators

Stricken electricals retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators confirmed today.

Redundancies were "inevitable" although administrators Deloitte said they would look to place staff from closing stores into other nearby outlets.

Up to 500 jobs could be under threat at 27 of the stores where closing down sales begun today. A further 14 closing down sales will begin early next week.

We are very grateful to the company's employees for their professionalism, loyalty and support at this difficult time and all employees will of course continue to be paid for all the work they do while the company is in administration.

– Chris Farrington, joint administrator

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