Comet will close Gwent stores

Free Press Series: JOBS TO GO: Comet has gone into administration JOBS TO GO: Comet has gone into administration

SOME 36 jobs in Gwent are to be lost following electrical goods retailer Comet going into administration.

Comet stores in Cwmbran and Newport will both close, with 14 full- and part-time jobs being lost at the branch at the Lockgate Retail Park, Cwmbran and 22 full- and part-time jobs from the store on Docks Way, in Newport.

Comet has 236 stores across the UK, and employs 6,611 people, with a full-time equivalent workforce of 4,682 employees. Retail insiders have suggested some stores could begin closing as early as next week.

Like many store chains, Comet has been hit hard by the uncertain economic environment, slow consumer spending and a lack of consumer confidence.

In response, PC World/Currys has delayed its normal Christmas recruitment drive, where it hires an additional 3,000 seasonal shop and warehouse staff, to give Comet staff the chance to apply for the temporary posts.

Deloitte, the business advisory firm, has been appointed administrator to Comet.

Neville Kahn, of Deloitte, said: “Our immediate priorities are to stabilise the business, fully assess its financial position, and begin an urgent process to seek a suitable buyer which would also preserve jobs.

“In the meantime, all stores will continue to trade and all employees will continue to be paid. We appreciate the cooperation and support from the management, staff, customers, landlords and suppliers at what is clearly a very difficult time.”

Comments (8)

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11:05am Fri 9 Nov 12

SuperTonic7th says...

This is sad for the workers however, I don't know if its just me but I've suffered some diabolical 'service' at Comet, at both Newport and Cwmbran. Every time I've gone in there, I've sworn I'll never go there again.
This is sad for the workers however, I don't know if its just me but I've suffered some diabolical 'service' at Comet, at both Newport and Cwmbran. Every time I've gone in there, I've sworn I'll never go there again. SuperTonic7th

11:33am Fri 9 Nov 12

Dai the Milk says...

Rationalisation.....
or rather relocation of jobs. I thought the home appliance sector was doing OK. A warning to everyone I suppose. Never been a fan of Comet mind. I have not had good customer service there either and would always go to Curry's before Comet.
Rationalisation..... or rather relocation of jobs. I thought the home appliance sector was doing OK. A warning to everyone I suppose. Never been a fan of Comet mind. I have not had good customer service there either and would always go to Curry's before Comet. Dai the Milk

8:50pm Fri 9 Nov 12

Independentvoter says...

'We need a suitable buyer who will preserve jobs'. In the meantime all stores will continue to trade. What a great free ad just before the xmas sales !
'We need a suitable buyer who will preserve jobs'. In the meantime all stores will continue to trade. What a great free ad just before the xmas sales ! Independentvoter

9:15pm Fri 9 Nov 12

chris227 says...

had a look this evening - no bargains to be had most stuff is about 10% off and some not reduced at all
had a look this evening - no bargains to be had most stuff is about 10% off and some not reduced at all chris227

12:59pm Sat 10 Nov 12

rlewis says...

Glad it's not just me with the poor service views. I have only ever been to the Newport store - very poor service and knowledge of products.
Glad it's not just me with the poor service views. I have only ever been to the Newport store - very poor service and knowledge of products. rlewis

4:53pm Sat 10 Nov 12

Limestonecowboy says...

Experience with Comet both in store & online very good sorry to see it go hope all staff affected get new jobs asap.

To those 'magpies' picking at bones trying to get a bargain should be ashamed & spare a thought for the staff losing their jobs.
Experience with Comet both in store & online very good sorry to see it go hope all staff affected get new jobs asap. To those 'magpies' picking at bones trying to get a bargain should be ashamed & spare a thought for the staff losing their jobs. Limestonecowboy

9:38pm Sat 10 Nov 12

parcel says...

"You know where to come", and it ain't Comet!
Whoosh, there it goes!
"You know where to come", and it ain't Comet! Whoosh, there it goes! parcel

11:11am Thu 22 Nov 12

Gwenter says...

Gwent does not exist. It was a failed local government experiment. Born 1974 to universal hatred. Died 1996 - SIXTEEN YEARS AGO!
Gwent does not exist. It was a failed local government experiment. Born 1974 to universal hatred. Died 1996 - SIXTEEN YEARS AGO! Gwenter

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