Comet UK: Retailer eyes administration, jobs in jeopardy

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It wouldn’t be the first time we’ve heard about Comet UK looking at administration, although the electronics retailer is now eyeing new problems right before Christmas 2012 that could mean thousands of jobs at Comet are in jeopardy. The UK retailer has over 240 stores and created over 6,000 jobs, but all of this is at risk if reports are correct about the company being close to administration.

We’ve included a video below this article that only runs for just over one minute, but it explains exactly what Comet’s problem is, which is basically due to the suppliers and the fact that Comet UK has been struggling to get supplier insurance. The news report seen in the video below explains this insurance issue could be the tipping point, which could also mean administration as soon as this week.

Also See: Blockbuster UK enters administration

The amount of UK companies going bankrupt or into administration has been increasing, and this year we’ve seen the demise of Peacocks, Game Group, Clinton Cards, JJB Sports, and many more although some of these retailers have managed to keep their brands running to some extent.

We’ve also heard about PC World, Curry’s, and Dixons running into problems over the last couple of years, which would have obviously helped Comet UK if they’d failed although this hasn’t happened. Some of PR’s readers have pointed out that smaller shops seem to have a lot more product knowledge, which we can personally agree on considering the amount of times we’ve visited a large retail store and found some young staff, not all, lacking the information needed.

Do you want Comet UK to find a way to avoid administration, or do you mostly shop online instead? Take a look at the video below for a little more insight.

Comet-UK-Retailer-administration

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  • Jap

    Well just been to Comet and the price on the shelf for a ethernet cable was 7.99. I went to the till and suddenly it was 19.99. The guy was so rude saying that is the price on the till and so I put it back. No wonder they have gone into administration

  • rohilla

    i booked a fridge worth over 600 and it should be delivered to by 18/09/12 i phoned them today to findout my fridge hasnt be deliverd to me the answer was we aint gona refund or deliver any goods to u if u not happy call the police or go to the store which i did i went to fort manchester and called the police same answer civil dispute and police cant help you sorry
    so i lost my money

    • http://www.facebook.com/junaidikrammirza Junaid Mirza

      You can get the money back from your credit card or debit card company if paid on card. Contact your bank and you will be alright :)