Deathwatch: As Comet announce losses, are Best Buy looking to swallow up Dixons?
It’s all in spite of the fact that Comet has seen a 6.8% drop in sales over the past 12 months, leading to a £9 million loss. Oh, and the sad news that 17 stores are to close, with nine of them shutting down this year.
But chairman David Newlands says that “We have a strong turnaround plan for Comet to restore its profitability” although he wasn’t prepared to blah-blah about what that might be. Comet owner Kesa are believed to be considering flogging the whole thing off and retreating back to the continent. So, as we said, it's ALL ABOUT THE COMEBACK!
Which brings us to more curious news. Retail Week are reporting that Best Buy are considering a bid for Dixons, who themselves are expected to announce some less-than-spectacular trading results tomorrow. Could the whole of the UK electrical retail scene be about to spin right off its hinge? We’re almost wetting ourselves with excitement here.