Now Comet is looking to flog off 22 of its stores
Things have been looking proper dodgy for Comet lately and now the beleaguered electrical retailer is looking to sell off 22 of its stores in a bid to chop away at its rental expenditure.
The Financial Times is reporting that a list of the 22 stores has been circulated to other retailers. The list is said to include prime spots such as Manchester’s Trafford Park, Reading’s Forbury Road and Edinburgh’s Maybury Retail Park.
If Comet are successful in offloading the stores, it could wipe £5m off their annual rent bill. Some chin-stroking analysts are suggesting that it could be the beginning of the end for Comet, with their parent company Kesa keen to concentrate on their profitable Darty chain in France and ditch its UK counterpart, like it’s some kind of unwelcome hanger-on during an otherwise-great day out.
As for who will swoop and take over the 22 listed stores, that is another matter altogether. Dixons has said that it isn’t interested in acquiring any Comet stores and the FT suggests that the stores are too small to fit in with Best Buy’s plans for massive retail spots.
Comet then – we say enjoy it while you can.