Beware-COMET could be cheating on the products they are selling..

DCFC79

They obviosuly see where i live as being worthwhile(as in customers with money wanting to part with it) in opening up the old store they vacated 5 years ago to move to a larger unit at a new retail park

Esqui

asbokid wrote: »

The good old-fashioned electrical shop will be returning in no time, breathing new life into our town centres.

No, the town centres will become full of empty shops as even more people buy their stuff online.

kaya

wow, comet closing? with the pathetic excuse for customer service they have and the complete disregard for the sale of goods act all i can say is "good riddence" to them, i hope that currys follow them also, price match my backside, they dont even honour their own sales literiture and seem to employ some real ignorant eeeejits to boot

DCFC79

kaya wrote: »

wow, comet closing? with the pathetic excuse for customer service they have and the complete disregard for the sale of goods act all i can say is "good riddence" to them, i hope that currys follow them also, price match my backside, they dont even honour their own sales literiture and seem to employ some real ignorant eeeejits to boot

currys wont be closing, like i said above nothing is definite yet, they may end up just closing some of the non profitable stores

david39

Well, if Comet is sold, whoever buys it had better look inside the box first in case some of the components are missing.......

Esqui

DCFC79 wrote: »

currys wont be closing, like i said above nothing is definite yet, they may end up just closing some of the non profitable stores

If they can, that is! Our town centre store was told their lease wasn't going to be renewed, and that as soon as the landlords found another tenant, they'd have 6 weeks to close. That was over a year ago!

Jakg

CHR15 wrote: »

More shops = more competition = Lower prices

Theres no money in electricals - it doesn't matter how many shops there are!

Internet sites sell products for a cost that lets them make a very small profit, and pay their (small) overheads.

Physical stores have much larger overheads - they either price themselves out of the market, or make no profit / or even a loss to stay competitive.

If there isn't enough money to keep KESA (who have a massive buying power) here, who do you think will take their place? Dixons Retail don't have the cash to buy 200 stores, Best Buy are a joke, and no independent can take that on.

DCFC79

Esqui wrote: »

If they can, that is! Our town centre store was told their lease wasn't going to be renewed, and that as soon as the landlords found another tenant, they'd have 6 weeks to close. That was over a year ago!

what i meant was currys wont be disappearing any time soon

CoolHotCold

Point is, Currys, PCWorld (and Especially the nordic parts) are all profitable, Comet isn't.

So long as a company is profitable then it won't close/go into admin etc. If you think of any big business as a oil tanker, go back to 2007 when John Browlett took charge of the helm. DSGi looked in big trouble (and this was before the world wide meltdown), so he fired everyone on the board (backstab much?) brought a new team on board and went about slashing 12% of operating costs to streamline the business and renew the stores. There was a time, most people had no idea how close DSGi were to going into Administration/needed a bailout as the financial crisis hit. Just like a Oil Tanker needs a long time to reverse, its the same with rolling out large updates across a EU wide business.

If DSGi were going to be taken out of the market then it would of happened by now. I mean, if you look around at the traditional Electronic retailers, Best Buy have 9 stores and are struggling to find a format that works, Comet is talking about pulling out of the market, Argos is having a very terrible time. The only traditional electronic outlet which seems to be doing well is John Lewis.

I mean, look at the figures. In 2009 DSGI had a profit of MINUS 214 Million, on turnover of 8.23Billion, in 2010 they had a profit of 59.80Million on turnover of 8.53Billion. The turnover is flat, but the massive improvement is there. Big ship analogy complete. They also have a little over 100 Million in cash reserves.

Azari

Esqui wrote: »

No, the town centres will become full of empty shops as even more people buy their stuff online.

It's not so much becoming full of empty shops as having every shop that does become empty filled with a chicken shack/chicken hut/chicken point/chicken express, hairdresser, charity shop, estate agent or nicky-nacky-noo shop.

In our town you can no longer buy:

Decorating supplies
Tools
Electronics
Stationery
Electrical components

And the only book shop is one that sells remainders.

Yet we have 9 charity shops, 10 estate agents a dozen nicky-nacky-noo shops. (We don't seem to have had the invasion of fast food outfits that others have.)