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Swansea Comet store to close

By SWEPRupertH  |  Posted: December 14, 2012

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SWANSEA's Comet electricals store will open for its final day of trading on Tuesday next week (December 18).

The outlet on the Enteprise Park is one of the last stores to close after Comet went into administration in November.

Administrator Deloitte was appointed to handle the firm's affairs and issued a statement confirming Comet was hit hard by the uncertain economic environment, slow consumer spending and lack of consumer confidence.

Deloitte explained the electrical retail sector has been hit by fewer people buying big ticket items and fewer first time property buyers who have historically been an important market for company's like Comet.

Chris Farrington, Joint Administrator at Deloitte, confirmed a dedicated helpline was put in place for all employees and Comet is running an Employee Assistance Programme to help those staff made redundant find other jobs.

He said: "As part of this programme, the Company has established relationships with more than 35 prospective employers who are keen to offer roles to ex-Comet employees, and is actively working to introduce redundant Comet employees to these employers.

"We will also be organising a series of employment fairs around the country during the New Year to assist any Comet staff who have been made redundant and remain out of work."

Comet closed its store at the Pemberton Retail Park in Llanelli earlier this month.

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