Comet Crashing to Earth

Comet crashing

Comet crashing

Sad news that yet another well known brand will probably be disappearing from our High Streets.

I don’t say that for any sentimental reason, I don’t have any feelings for the company itself one way or the other.

But I do feel sorry for the staff who are likely to lose their jobs through no fault of their own and what I would like to know is how much did the investors who paid just £2 for the struggling business walk away with.

I’m guessing the individuals in charge will have paid themselves a decent whack while they have owned it.

There’s also the question of the lack of competition this leaves on our High Streets – only Currys/PC World that I can think of if you exclude the likes of Tesco.

Yes retail is changing, with more people shopping online. The trouble is those who are unwilling or unable to do so will be left with little choice and end up paying more.

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