September 20 2014 Latest news:
Friday, December 7, 2012
The Comet store in Great Yarmouth is set to close on Monday as hopes fade for rescue deal for the stricken consumer electonics chain.
More than 50 Comet stores are to trade for their final weekend with sales offering at least 50pc off products, except televisions and laptops launched at 54 stores closing between now and early next week.
They are among the 125 store closures already announced by administrator Deloitte in a move expected to result in around 3,000 retail job losses.
The remaining 70 branches are expected to be closed by Christmas unless a buyer can be found.
Comet collapsed into administration last month in what marked one of the biggest high-street casualties since the demise of Woolworths in 2008.
Phones 4u is to go into administration - placing more than 5,500 jobs at risk - after network operator EE joined Vodafone in cutting ties with the retailer.