Fears for 200 jobs at Comet in Hull as electrical retailer looks set to call in administrators
MORE than 200 jobs could be at risk in Hull as Comet looks set to call in the administrators.
Opcapita, the owner of the struggling electrical chain, is understood to have lined up Deloitte as administrators following falling sales and pressure from suppliers.
Hundreds of Hull-based staff were made redundant in May this year when Comet closed its call centre in George Street after a 90-day consultation.
About 40 workers were transferred to the company’s business centre, also in George Street, bringing the total number of Comet workers in Hull to around 200.
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Those workers now face an uncertain future along with the company’s 6,000-strong UK workforce.
Comet was founded in Hull in 1933 by George Hollingbery, who rented out radios and batteries.
In the 1950s, he set up his first shop in George Street.
His son, Michael Hollingbery, later launched the UK’s first out-of-town superstore, which prompted the company’s strong growth across the UK.
Last November, Kesa Electricals sold the struggling business to retail turnaround firm OpCapita for a token £2.
As part of the deal, Kesa pumped £50m into the chain and took on the firm’s pension scheme.
Comet has more than 200 stores, including outlets at St Andrew's Quay and Kingswood in Hull.
• UPDATE: Comet to go into adminstration next week, company confirms




Comments
by WykeTyke
Thursday, November 08 2012, 12:50PM
“People should support local businesses instead of buying from Yank Companies that evade paying their fair share of tax.”
by Worker111
Thursday, November 01 2012, 4:27PM
“The reason Comet has gone bust is nothing to do with politics, it is because of a change in the nature of it's business and it's failure to adapt it's business model.
The costs of keeping open hundreds of large stores mean they cannot compete with online retailers, comet refused to recognise this, and refused to adapt.
Whatever they sell can be bought 20%-30% cheaper online. Without some salesperson refusing to take no for an answer when they try and sell you warranties.
Labour where in power when Woolworths went bust. It wasn't labours fault either.
Businesses need to evolve or die. Comet has gone the way of the dinasours.
It won't be the last big name retailer to go under.”
by PatrickNewman
Thursday, November 01 2012, 3:45PM
“AD4MHull:- Remember reading this - "Alan Johnson, MP for Hull West and Hessle, said the energy giant had been left with a feeling there was "a question mark over the Government's long-term commitment to renewables". Idiot Tory Minister Hayes will have confirmed Siemens worst fears and the technology of off shore and on shore has much in common. A feature that may well be academic if this renewable energy company has been frightened off by NIMBY Shire Tories.”
by Blasphemy
Thursday, November 01 2012, 2:17PM
“I went to St. Andrews Quay Comet store at the weekend to purchase a new microwave oven. Terrible range available although the staff were pleasant enough. I never intended to purchase from the store as I knew that the management had moved jobs away from Hull down south.”
by WykeTyke
Thursday, November 01 2012, 12:58PM
“We've has lost around a thousand jobs in the last month alone and the list just keeps gets longer Comet, Seven Seas, Ideal Standard, Caravan Industry, Smith and Nephew, Carillion, Persimmons, BAE.
Austerity isn't working.”
by gassetta
Thursday, November 01 2012, 12:38PM
“the days of the big electrical stores on retail parks is over, they will soon all be gone, people only go there to choose an item then go home and by in cheaper online, if you dont shop online then your mad.”
by captainmerlot
Thursday, November 01 2012, 12:02PM
“Oops typo :
Hollingbery not Hollingsworth !”
by captainmerlot
Thursday, November 01 2012, 11:59AM
“I served my apprenticeship at Comet from 79 - 84. Great company with Hollingsworth at the helm . He took time to visit the branches and actually cared. Even his son did a stint selling at the reservoir rd store.
Today's company is a shallow version of the original run by cowboys and served by clowns.
Bring back the old staff and save this once great local company.”
by David_Nivea
Thursday, November 01 2012, 11:36AM
“Time for some mealy-mouthed nonsense from our local wealthy yet powerless MP's, who do nothing as Hull sinks further in to the abyss, surely?
Oh, and "...Comet closed it's call centre..."
Ouch!”
by CarmellaBrown
Thursday, November 01 2012, 11:12AM
“I would never go back there again after being chased around the shop by bored staff looking for a big commission from me, I said no i do not want any help i am looking then another one asked me the same and so on and so forth until i leaved the place”