Comet launches clearance sale on stock as shop closures loom

Kasmira Jefford
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COMET’S administrator has today begun slashing prices on selected stock across the retailer’s 236 stores, as talks to sell all or parts of the business continue.

A spokesperson from Deloitte said it had launched “a gentle” clearance sale today on certain items but said it would not hold a full blown fire sale at this stage.

Opcapita, the owner of the embattled electricals retailer, called in administrators last month after it struggled to secure the credit insurance needed to buy supplies over the crucial Christmas period.

With no buyer in sight, the firm which has more than 6,600 staff, is likely to be broken up, with stores sold off to other retailers and liquidators. Sources have suggested stores could start to close as early as next week.

Rival Dixons said yesterday it had delayed its Christmas recruitment drive to allow Comet staff to apply for its 3,000 posts.