Comet

Author
Discussion

K77 CTR

Original Poster:

1,611 posts

182 months

Wednesday 31st October 2012
quotequote all
Looks they are likely to go into administration tomorrow morning frown

General Price

5,252 posts

183 months

bennyboydurham

1,617 posts

174 months

Wednesday 31st October 2012
quotequote all
Pretty crap for those working there but it's been on the cards for a long time. The game has moved on but Comet hasn't. Everything switched off, monkeys in suits with poor product knowledge trying to shift 'warranties' over selling you the product itself and don't even start me on their £60 HDMI cables....

martin84

5,366 posts

153 months

Thursday 1st November 2012
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Least surprising story of the year. When I was made redundant in 2009 I had an interview at Comet - by the by, a depressing moment, going from £37k a year down to 30 hours in Comet but I was willing to take it. During the interview the manager was telling me all about how margins are essentially fk all compared to just 10-15 years ago, staff make £10 commission on a Plasma TV at most and the majority of staff are low paid, part time and therefore lacking in depth knowledge.

He told me about how people use outlets like Comet just to see items in the flesh before buying them much cheaper on Amazon. He bluntly admitted there's no way they can compete with the internet and he said I'd need to 'keep people in the store and make sure they buy it here' and 'don't give them a chance to price check elsewhere.' I'm something of an electronics nerd and I've never bought anything in Comet in my life, he was impressed with my product knowledge but I think my reluctance to 'dont give them a chance to price check' was obvious in my body language.

After leaving his office I looked around the huge Comet store, saw more staff than customers on a Saturday afternoon and said to myself 'this place will be gone in 10 years.'

Art0ir

9,401 posts

170 months

Thursday 1st November 2012
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When I worked for DSGi I honestly thought they would be the ones to go before Comet, good news for them I guess, not so good for the employees frown

Great opportunity to swoop in and lift a lot of cheap AV mind.

anonymous-user

54 months

Thursday 1st November 2012
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Does administration have to lead to liquidation every time? I do lament the loss of jobs and the loss of choice on the high street every time a company like this goes to the wall. What riles me is the internet shoppers using the shops as a free library to view the products before buying online. This is evident in a local interior design shop where they have a polite notice asking internet shoppers to consider their conscience when looking through their fabric and wallcovering books (which the shop has to pay for) and then going on the internet to buy what they've selected. The only advantage the internet offers is a cheaper bottom line price but that is only at the expense of service and choice. Does anyone think that those on the end of a phone line at an internet retailer will be any better paid or knowledgeable when queries or problems arise?

longblackcoat

5,047 posts

183 months

Thursday 1st November 2012
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anonymous said:
[redacted]
Unless there are particular geographical factors that make some stores massively less competitive than others, then usually it's the actual business model that's failed. In this case, I'd be surprised is any Comet stores remain long-term, though some might stagger on for a while.

anonymous said:
[redacted]
Wiggle (bicycle on-line retailer) aren't perfect, but they have far better product information on their website than in almost any bike shop. And in Comet's case, I've never had decent advice from anyone there - I used to work there (back office) and I was always appalled at how little actual product knowledge there was in the stores.

Digga

40,329 posts

283 months

Thursday 1st November 2012
quotequote all
Art0ir said:
When I worked for DSGi
I used to be an executive there.

{small]Actually, I had a Saturday job whilst I was doing my A levels and some of that involved sleeping in the boxes vacated by the larger display goods display in the store room upstairs.[/small]

Pints

18,444 posts

194 months

Thursday 1st November 2012
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General Price said:
login access only.

Any chance of a copy-paste of key message, please?

megaphone

10,725 posts

251 months

Thursday 1st November 2012
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If you have any gift vouchers for Comet then use them today! I lost £25 worth when Zavvi went bust.

Pints

18,444 posts

194 months

Thursday 1st November 2012
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I'd like to think I've done my part in helping them stay going for this long. I bought my computer monitor from them despite the salesmen's best efforts to get me to walk out the store empty handed.

Halmyre

11,204 posts

139 months

Thursday 1st November 2012
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So what are Comet doing wrong that Currys are doing right? Or are Currys next to go? The branch nearest me never seems to be that busy.

Pints

18,444 posts

194 months

Thursday 1st November 2012
quotequote all
Halmyre said:
So what are Comet doing wrong that Currys are doing right? Or are Currys next to go? The branch nearest me never seems to be that busy.
Perhaps I'm getting my stores mixed up bit aren't Currys part of the Homebase and Argos group, which are presumably keeping them afloat?

Adrian W

13,875 posts

228 months

Thursday 1st November 2012
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Every time I have tried to buy something in Comet, I make my selection based on the display sample only to find out they have none in stock, this isn't new its been like that for years, I always leave sulking about them wasting my time and buy elswhere.

it was only a matter of time!

Digga

40,329 posts

283 months

Thursday 1st November 2012
quotequote all
megaphone said:
If you have any gift vouchers for Comet then use them today! I lost £25 worth when Zavvi went bust.
Don't panic, like Buffet says, you should be greedy when markets are fearful - buy more. I'm long on Ratners vouchers. wink

This time next year Rodney...

Adrian W

13,875 posts

228 months

Thursday 1st November 2012
quotequote all
Digga said:
Don't panic, like Buffet says, you should be greedy when markets are fearful - buy more. I'm long on Ratners vouchers. wink
Do you a deal on woolworths vouchers

anonymous-user

54 months

Thursday 1st November 2012
quotequote all
Pints said:
Halmyre said:
So what are Comet doing wrong that Currys are doing right? Or are Currys next to go? The branch nearest me never seems to be that busy.
Perhaps I'm getting my stores mixed up bit aren't Currys part of the Homebase and Argos group, which are presumably keeping them afloat?
Comet was sold off by DSG earlier this year to a private equity firm if memory serves, Currys/PC World still part of DSG.

Digga

40,329 posts

283 months

Thursday 1st November 2012
quotequote all
Adrian W said:
Digga said:
Don't panic, like Buffet says, you should be greedy when markets are fearful - buy more. I'm long on Ratners vouchers. wink
Do you a deal on woolworths vouchers
Swap 10 for a Red Letter day hot air balloon trip?

Art0ir

9,401 posts

170 months

Thursday 1st November 2012
quotequote all
Pints said:
Perhaps I'm getting my stores mixed up bit aren't Currys part of the Homebase and Argos group, which are presumably keeping them afloat?
No, Currys is part of the Dixons Retail (formally DSGi) group. That includes PC World, Currys, Pixmania and formally Dixons in the UK. They have various outfits across Europe too. As expected Southern Europe is struggling but they're doing very well in the Nordic countries.

Adrian W

13,875 posts

228 months

Thursday 1st November 2012
quotequote all
Digga said:
Adrian W said:
Digga said:
Don't panic, like Buffet says, you should be greedy when markets are fearful - buy more. I'm long on Ratners vouchers. wink
Do you a deal on woolworths vouchers
Swap 10 for a Red Letter day hot air balloon trip?
I'll swap them for 10000 GEC Marconi shares (and I realy have got those, well the certificate)