Overcast

Overcast

max temp: 9°C

min temp: 5°C

ESTD 1874 Search

Bury St Edmunds: Closing down sale at Comet store

11:03 19 November 2012

Closing down sales have been announced at some Comet stores

Closing down sales have been announced at some Comet stores

A CLOSING down sale is beginning at Bury St Edmunds Comet store as the joint administrators of the collapsed electrical retail chain continue to seek a buyer.

shares

Administrators from Deloitte confirmed plans on Saturday to close 41 Comet stores, including the Bury St Edmunds store, where 11 staff are employed, by the end of November, unless a buyer can be found for the business in the meantime.

A closing down sale with increased discounts began in 27 stores on Saturday and will begin in a further 14 stores early this week, they said.

More generous discounts will also be applied to products across all of the other 195 Comet stores, which continue to trade as usual. Administrators said they will look to redeploy staff from any stores which do face closure to other stores nearby, but there will inevitably be redundancies. Comet also has stores at Ipswich, where 24 staff are employed, and Colchester, where there are 20 employees.

A dedicated employee helpline has been set up and the company is running an Employee Assistance Programme to help those staff made redundant find other jobs.

“The administrators continue to hold discussions with parties who have expressed interest in parts of the business. Regrettably, however, it is necessary to begin a store closure programme and an employee consultation process is under way,” Deloitte said.

Joint administrator Chris Farrington said: “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.”

Neville Kahn, Nick Edwards and Chris Farrington of Deloitte were appointed joint administrators to Comet on Friday, November 2.

The 240-strong chain confirmed plans for it to be placed into administration earlier this month, marking one of the UK’s biggest retail failures in recent years and putting around 6,500 retail jobs under threat.

shares

0 comments

Suffolk dialect road sign

“Howd yew hud, tergether!’’

Abellio Greater Anglia said train services between London Liverpool Street and Norwich are returning to normal but some services may still be cancelled.

Train services in Suffolk are returning to normal this morning after high winds caused widespread disruption yesterday.

Mark Bee and his deputy Lisa Chambers at Endeavour House in Ipswich after they saw off last year's challenge to their leadership.

Conservative councillor Mark Bee is to step down as leader of Suffolk County Council after four years in the role.

Voting isn't the only form of political engagement

The ideological machine that is meant to serve us has gone wrong and is tyrannising us, but that doesn’t mean we should boycott the ballot box

Suffolk has an ageing population - but can we cope?

Dramatic increases in the average age of people in Suffolk have been highlighted in a report which reveals that in some areas nearly one in 10 are expected to be aged 85 or over in the next two decades.

Damage to overhead wires between Diss and Stowmarket - photo courtesy of Greater Anglia

Rail users face an afternoon and evening of severe delays on routes between Norwich and London, after high winds caused damage to overhead power lines between Stowmarket and Diss.

There is the potential for sweeping changes at Braintree District Council come election day – though in practice that is unlikely to happen.

Klaudia Sokolowska

Police are searching for a 14-year-old girl in Felixstowe who has gone missing for the third time in three months.

Hunting for eggs

Will you be feeding the newborn lambs at The Museum of East Anglian Life, trying your hand at archery at Ickworth House or hunting eggs at The Middy’s Steam up this weekend?

Princess Anne meets Livability Treetops Service Manager Janet Bilton during her visit to Livability Treetops in Colchester on Tuesday.

The Princess Royal flew in to Colchester today as part of her work supporting a disability charity.

Most read

Most commented

Topic pages