Comet set to close 41 stores by end of November

Troubled electrical retain chain Comet, now in administration, will close 41 stores by the end of November if a buyer can't be found.

Closing down sales have already started in 27 stores and will begin in 14 more outlets next week, says administrator Deloitte.

The remaining 195 stores are expected to continue trading over the Christmas season with "generous discounts", but after that their future remains uncertain.

The Financial Times reports that the first of the closures will begin next week. Some 330 job losses have already been announced at Comet's head office.

"While the administrators will look to redeploy staff from any stores which do face closure to other stores nearby, there will inevitably be redundancies," says Deloitte in a statement.

"The administrators continue to hold discussions with parties who have expressed interest in parts of the business."

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Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.