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Comet sold for... £2 with £50 million sweetner paid to the new buyer to get rid of!
Comments
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vivatifosi wrote: »Let's hope they can turn it round. I wonder what OpCapita see in it
OpCapita's board includes ex CEO of Halfords (and Director of Dixons) along with former CEO of Budgens/Somerfield.
So some impressive retail experience.0 -
having poped into a comet store today to buy an ipad. i can see why they where sold for 2 quid and won't be around for long, money still in my pocket, being spent online as comet didn't have the one i wanted. so either tesco or apple with have my 500 quid.The futures bright the future is Ginger0
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IMO the reason these store have lost customers are:-
Poor product knowledge and understanding of customer need.
Poor after sales service and repeatedly trying to duck their responsibilities. People might as well take the risk of an online transaction or pay the same price or bit more going to John Lewis or local. Most supermarkets have much better after sales and free extended guarantees.
Pricing is often not competitive although Dixons online do do some good deals from time to time. Online pricing and price matching
More interest in selling finance/service plans.
Massive online competition.
The first two failures are not new they have been in place for decades IME.
I did have need to complain on behalf of a relative recently and I did meet one store represenative who did his utmost to, and eventually did, resolve our problem. He was totally frustrated along the way, by his own people, in doing so.
I understood the pension responsibilities were staying with Kesa, presumably with the assets underpinning them.
In separating the two, do Kesa shake off the Albatross, to enable them to borrow and trade more easily in their remaining interests?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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