Comet stores avoid closing down sales

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COMET stores in Portsmouth and Fareham were not among those starting closing down sales at the weekend.

The stores in Ocean Retail Park in Copnor and Southampton Road, Titchfield, did not feature on a list of 27 across the country which started closing down sales on Saturday.

But a further 14 stores will begin closing down sales early this week.

Redundancies were ‘inevitable’ although Deloitte said they would look to place staff from closing stores into other nearby ones.

Deloitte had already announced 330 redundancies at the company but there have been no job losses among shop staff as yet and all the chain’s 236 stores remain open at present.

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

Chris Farrington, joint administrator, said: ‘We are very grateful to the company’s employees for their professionalism, loyalty and support at this difficult time and all employees will of course continue to be paid for all the work they do while the company is in administration.’