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Comet staff told St Oswald's store will close on Monday

By CitizenNews  |  Posted: November 17, 2012

The Comet store at St Oswald's Retail Park

The Comet store at St Oswald's Retail Park

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STAFF at the Comet store at St Oswald's Retail Park, Gloucester, have been told it will close its doors for the last time on Monday.

The shop, which employs 27 people, is one of between 30 and 40 of the chain's branches preparing to close before the end of the month.

Stores which do not close this month are expected to continue trading over Christmas.

The firm went into administration earlier this month and Neville Kahn, joint administrator, said: "We are in discussions with a number of parties who have expressed interest in parts of the business and we continue to work hard to preserve jobs."

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Comet's administration comes just months after it was taken over by investment firm OpCapita, which bought the chain for a nominal £2 in February.

Angry staff at the stricken electricals chain have called for ministers to investigate the retailer's collapse and the way its former private equity owners ran the company.

The future of Comet's stores in Metz Way, Gloucester, and Tewkesbury Road, Cheltenham, remains uncertain. 

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  • CTFCScout  |  November 19 2012, 2:17AM

    Whilst not a fan of Pound Shops, they do give people work and they take up an otherwise empty unit. It's a shame that Waitrose won't move in to Gloucester or a mini-John Lewis store. That would be a proper statement of intent. Anyway, it's not just Gloucester that has rows of Charity/Pound shops - Cardiff and Swansea have them too!

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  • MrGarnet  |  November 18 2012, 3:23PM

    Well Amazon will not be able to take over the stores as they are so poor they cannot pay any tax!!

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  • thomas1996  |  November 18 2012, 2:44PM

    GlosAnarchy, Poundland was recently opened on the former Curry's digital store in Eastgate Street! But my guess is the pound shops in Gloucester will no doubt want to expand and eventually want to move out to out-of-town shopping areas, there are lots of empty units awaiting them like the old Allied Carpets store on Eastern Ave, the now empty fire station next to Aldi, the soon to be empty Royal Mail depot etc.

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  • GlosAnarchy  |  November 17 2012, 8:58PM

    Why all the pound shop comments? Can someone tell me that there are more than 3 pound shops in the city center? If you think there are please name them all in detail and remember you may be libel for slander if you make a mistake!

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  • spindles12  |  November 17 2012, 8:52PM

    I was in the St. Oswalds store this afternoon, manic buying by everyone, display TVs going left right and centre. I'd read that Comet had put its prices up before bringing them back down to show "sale" prices. This was confirmed by an employee of another electrical store - 15% by all accounts. My husband and I were looking for a TV and had more or less chosen one in the store but decided to go to another unconnected to Comet store instead and found a better TV, same make and cheaper,only by £7 and of course with a guarantee should anything go wrong. I don't know what happens with Comet guarantees because it is up to the retailer to deal with faults etc. Hopefully the people who rushed out to buy cheap electrical goods won't be regretting it in the future. Apparently the Comet store in Eastern Avenue "isn't closing" as one employee said, something to do with the lease.

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  • gloslad27  |  November 17 2012, 8:16PM

    I think the rent would be too expensive for the pound shops

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  • taylke  |  November 17 2012, 5:19PM

    Fair comment about business owners when you are referring to small business. Comet was bought for a couple of pounds by a company who believed they could make money from it one way or the other and they probably will! I'll save my sympathy for the staff even if they do leave with a bit of redundancy money - it won't go far these days.

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  • honslknjklyt  |  November 17 2012, 4:07PM

    Redundancies are not nice for anyone BUT employees will at least walk away in the end with a pay packet, very often the business owners get nothing and come off very badly. Most often they have put in personal guarantees, life saving etc to make a business work. They NEVER get any sympathy, it is always the employees.

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  • Dave_t10  |  November 17 2012, 4:07PM

    Could this be a new opportunity to expand Gloucester's £1 shop empire? Out of town pound shops are all that's missing from the strategic goal of every Gloucester shop from being a Charity, Pound or Betting shop. Imagine the fantastic concept of a warehouse sized pound shop and being able to park outside!

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  • NibNobs  |  November 17 2012, 3:59PM

    No doubt the stores will become super-size pound shops. sigh!

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