Comet

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Discussion

Pints

18,444 posts

196 months

Thursday 1st November 2012
quotequote all
z4chris99 said:
so I have a load of 5 yr warranties on products I have from comet.

what happens to those?
More seriously though, The Guardian have answered your question.

http://www.guardian.co.uk/money/2012/nov/01/comet-...

stripy7

806 posts

189 months

Thursday 1st November 2012
quotequote all
Can't see Currys lasting either, their stock levels are so poor for larger items you might as well shop online.

z4chris99

11,359 posts

181 months

Thursday 1st November 2012
quotequote all
Pints said:
z4chris99 said:
so I have a load of 5 yr warranties on products I have from comet.

what happens to those?
More seriously though, The Guardian have answered your question.

http://www.guardian.co.uk/money/2012/nov/01/comet-...
great stuff thanks.

Pints

18,444 posts

196 months

Thursday 1st November 2012
quotequote all
stripy7 said:
Can't see Currys lasting either, their stock levels are so poor for larger items you might as well shop online.
Which is presumably why many of their items are "online only" prices. Sensible approach, I feel.

PaperCut

640 posts

149 months

Thursday 1st November 2012
quotequote all
MocMocaMoc said:
I found a second hand game in 'Game' once that I knew was £5 cheaper down the road. I offered the kid on the till the lesser price, and he said;

"F*ck you mate, this isn't a f*cking car boot sale"
This makes no sense at all.

You saw a game in one shop and thought; no, i'll leave it, but then went to another shop and found the same game again - but more expensive - and decided to buy it? Only you thought you'd try a bit of haggling at the till?

I would have told you to fk off too...

stripy7

806 posts

189 months

Thursday 1st November 2012
quotequote all
Pints said:
Which is presumably why many of their items are "online only" prices. Sensible approach, I feel.
Not when you need something immediately it isn't.

Mermaid

21,492 posts

173 months

Thursday 1st November 2012
quotequote all
stripy7 said:
Not when you need something immediately it isn't.
Isn't this what JL is doing - you order it by 6pm, and it will be ready for you to pick up the next day at a JL store or at Waitrose. Their collection departments have been expanded considerably.

Cool Box

102 posts

140 months

Thursday 1st November 2012
quotequote all
The Black Flash said:
This is an impossible situation isn't it? Everyone wants to see things before they buy, but no-one wants to pay the extra that having a showroom entails (i.e. they will buy over the internet).
It's not surprising, we ordered a kitchen from Wickes a couple of years ago with AEG appliances. I realised after that we could get identical kit delivered for about a third of the price Wickes were charging, so that's what we did.

Edited by Cool Box on Thursday 1st November 19:43

audidoody

8,597 posts

258 months

Thursday 1st November 2012
quotequote all
afrochicken said:
Quite. Well, to be fair, Home Retail are at least profitable. Dixons Retail have lost £829.9 million in the past 5 years. They are expected to make a profit this year though.
Surely not? Otherwise the head of Apple Tim Cook would have known that and not hired Dixons head of retail John Browett with a £36 million Golden Hello (even though he only lasted six months)

JonRB

74,919 posts

274 months

Thursday 1st November 2012
quotequote all
Cool Box said:
The Black Flash said:
This is an impossible situation isn't it? Everyone wants to see things before they buy, but no-one wants to pay the extra that having a showroom entails (i.e. they will buy over the internet).
It's not surprising, we ordered a kitchen from Wickes a couple of years ago with AEG appliances. I realised after that we could get identical kit delivered for about a third of the price Wickes were charging, so that's what we did.
Well, that's the thing isn't it. People don't mind paying a little bit more for instant gratification, but there is a threshold above which people will say "sod that! I'll buy online and wait for it to arrive". Sadly shops don't (or can't) stay under that threshold.

The other problem is that shops won't (or, again, can't) pay for shop staff who have a brain. I reserved an expensive camera online with Jessops for a "pay in-store at the web price" that afternoon. When I got there it was ages before I was served, then when I finally got the snotty-nosed little oik who was the 'assistant' to serve me, and handed over the confirmation, and said I was there to pick it up, some other customer butted in with a 'can I just quickly ask...' and basically nabbed the assistant who was meant to be serving me who wandered off to serve him. So I thought 'sod this', and interrupted them both and told him that I hoped this other customer was going to spend more than £800 because that's the value of the sale he'd just lost.

Bought it online with Amazon even cheaper. And got a free tripod too.



Edited by JonRB on Thursday 1st November 19:54

Pints

18,444 posts

196 months

Thursday 1st November 2012
quotequote all
stripy7 said:
Not when you need something immediately it isn't.
So is it good online prices you want, or immediate access to a full range of products?

The answer is of course both. They're damned if they do and damned if they don't.

Sargeant Orange

2,730 posts

149 months

Thursday 1st November 2012
quotequote all
In a world of ever increasing disposable white goods I don't think you can underestimate the effect that tesco, asda etc have had on comet & currys. They're knocking out average spec goods so cheaply that if they go wrong people just buy another cheapy. Extended warranties become redundant.


BliarOut

72,857 posts

241 months

Thursday 1st November 2012
quotequote all
stripy7 said:
Pints said:
Which is presumably why many of their items are "online only" prices. Sensible approach, I feel.
Not when you need something immediately it isn't.
I got my Tassimo from Currys, it was £40 cheaper than anywhere else. I don't mind waiting for that sort of saving smile

Wills2

23,199 posts

177 months

Thursday 1st November 2012
quotequote all
ReaperCushions said:
So how will they get rid of the stock? Massive fire sales? Or off load it back to distribution / manufacturer?
A lot of vendors will be sending trucks in, they had quite a bit of consignment stock that they do not hold title on, the lawyers will be busy.




Edited by Wills2 on Thursday 1st November 21:26

martin84

5,366 posts

155 months

Thursday 1st November 2012
quotequote all
The only good side of the Comet business is their auction site for returned stock. You can get £££ off a fridge freezer due to having a dent in the side or something, that's pretty good.

It's clear the major retail chains domination of the high street is crumbling. Woolworths, Zavvi, JJB, Comet among others to struggle or fall. The internet is changing shopping, especially in the electronics business where a large high street store cannot compete on price with the overheads.

I hope this could prompt a shift to a different sort of high street, maybe with less uniformity and more independent outlets. Food retailers apart I can't see much growth in big-name retail, I wouldn't be surprised if Halfords is the next to hit problems. The downside is the owners of the land and properties are demanding rents or prices which only a Tesco-size company can afford. The Valuations Office don't help either. Every time a shop closes, the VO raise taxes on all the remaining ones to make up the shortfall which obviously leads to more closures.

davepoth

29,395 posts

201 months

Thursday 1st November 2012
quotequote all
martin84 said:
Food retailers apart I can't see much growth in big-name retail, I wouldn't be surprised if Halfords is the next to hit problems.
Halfords is still doing pretty well - their diversification policy has worked because they've gone into things that can't be done online.

For example, where else can you find a headlight bulb for your car at 7pm, and if you aren't mechanically minded get it fitted there and then?


Mermaid

21,492 posts

173 months

Thursday 1st November 2012
quotequote all
davepoth said:
Halfords is still doing pretty well - their diversification policy has worked because they've gone into things that can't be done online.

For example, where else can you find a headlight bulb for your car at 7pm, and if you aren't mechanically minded get it fitted there and then?
Service related & specialist retail ought to be OK, but outfits selling the same stuff as JL, Amazon, Debenhams etc sell will suffer. No USP.

Famous Graham

26,553 posts

227 months

Thursday 1st November 2012
quotequote all
wiggy001 said:
1. I don't think I've ever seen a Comet on the high street, they are always in out-of-town retail parks in my experience.
Reading used to - on Friar Street.

Problem is, they were predominantly selling white goods and other larger appliances - so you need car access.

The Hypno-Toad

12,364 posts

207 months

Thursday 1st November 2012
quotequote all
davepoth said:
martin84 said:
Food retailers apart I can't see much growth in big-name retail, I wouldn't be surprised if Halfords is the next to hit problems.
Halfords is still doing pretty well - their diversification policy has worked because they've gone into things that can't be done online.

For example, where else can you find a headlight bulb for your car at 7pm, and if you aren't mechanically minded get it fitted there and then?
I wouldn't trust the muppets that I've met in Halfords to go anywhere near my car. From my experience most of the staff are too busy playing with their mobile phones to become involved with actually serving anyone.

martin84

5,366 posts

155 months

Thursday 1st November 2012
quotequote all
How much yearly profit is there in selling overpriced bulbs at 7pm though? Call me a dork if you want but I actually have a spare set of bulbs in a drawer, sourced from Ebay for mere pounds and pence.