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| Comet to close 125 more stores | Comet to close 125 more stores |
| (35 minutes later) | |
| Insolvent electrical chain Comet is closing a further 125 stores, its administrators have said. | Insolvent electrical chain Comet is closing a further 125 stores, its administrators have said. |
| Following the closures, which should begin next month, there will be 70 stores left open from an original 236. | Following the closures, which should begin next month, there will be 70 stores left open from an original 236. |
| Reports suggest more than 3,000 jobs could be affected by the latest round of store closures. | Reports suggest more than 3,000 jobs could be affected by the latest round of store closures. |
| Administrators Deloitte said it was in talks with a "small number" of potential buyers, but no firm bids for the whole business had been received. | Administrators Deloitte said it was in talks with a "small number" of potential buyers, but no firm bids for the whole business had been received. |
| Bolton-based Appliances Online has made a "seven figure" offer for Comet's website, while reports suggest entrepreneur Clive Coombes is in discussions with Deloitte about making an offer for 180 Comet stores. | |
| More than 1,000 employees, out of a total of 6,611, have been made redundant since Comet went into administration at the beginning of last month. | |
| The chain has struggled to cope with the drop in consumer spending in the UK since 2008, and is the latest in a long line of High Street retailers that have gone out of business during the downturn. |