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Comet UK to close all stores

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Closure to result in 6,600 job losses, according to reports

Troubled retailer Comet is to close its remaining stores tomorrow, administrator Deloitte has confirmed.... read more

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Comet UK to close all stores

Postby Agent75 » 17 Dec 2012, 10:50

If you're too expensive, you go to the wall. I read reports that they knocked peanuts off their stock, so that just says it all. I remember when Woolworth's went to the wall (way too expensive), they sold all their gaming stock to HMV, who as we all know, are also way too expensive, and are on the verge of going to the wall. I'm no business expert, but these stores just don't get it. I can see Curry's going to the wall in the future, GAME and HMV also. When this happens, it more trade for online stores, who'll then put up their prices and just take over from the likes of GAME, HMV and Curry's. It's a strange circle.
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Re: Comet UK to close all stores

Postby richomack360 » 17 Dec 2012, 11:42

Agent75 wrote:If you're too expensive, you go to the wall. I read reports that they knocked peanuts off their stock, so that just says it all. I remember when Woolworth's went to the wall (way too expensive), they sold all their gaming stock to HMV, who as we all know, are also way too expensive, and are on the verge of going to the wall. I'm no business expert, but these stores just don't get it. I can see Curry's going to the wall in the future, GAME and HMV also. When this happens, it more trade for online stores, who'll then put up their prices and just take over from the likes of GAME, HMV and Curry's. It's a strange circle.


Believe me when I say this - but high street shops have to sell at these prices to make a decent turnover. When I worked in a record shop chart CD's cost £6 just to buy in - resulting in us having to sell at £9 - when you take off running costs, overheads, staff costs etc the profit margin is wafer thin.

That shop has now gone totally online and now doesnt have to pay for the upkeep of a shop ! If high streets realised that the rents for their retail units are too high (as the councils want empty units to convert them into flats for more revenue) then perhaps the high streets would not look like a ghost town as it would give the retailers some breathing space to try to compete with online prices.

Two things will happen in the near future, or are happening now - online prices will become more expensive, its started to happen with ShopTo and Zavvi, and the advent of digital distribution will create a monopoly where competitive retail is out of the window
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Re: Comet UK to close all stores

Postby Solm » 17 Dec 2012, 11:43

I don't find HMV that expensive and they do have some good deals. I picked up Hitman Absolution for 40 euro new, while Gamestop next door were selling it for 55 euro. It's always sad to see people loosing jobs this time of year. Hope they find new jobs soon.
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Re: Comet UK to close all stores

Postby NEO_SUPERMAN » 17 Dec 2012, 11:47

Sad to hear this recession claims another UK business.

Good luck to the staff.
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Re: Comet UK to close all stores

Postby HelloLadies » 17 Dec 2012, 11:53

http://www.computerandvideogames.com/34 ... p-imports/

If we are buying imports over here (many of which come from the UK) because the alternatives are too expensive then retail must be highway robbery over there.
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Re: Comet UK to close all stores

Postby Barry316 » 17 Dec 2012, 11:54

That's the warranty on my washing machine gone to s**t then!

Every town will be like a ghost town soon. The only things left will be McDonald's and the Big Issue seller that stands outside it. Or grandad as mine is sometimes known as.
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Re: Comet UK to close all stores

Postby stato257 » 17 Dec 2012, 12:20

ive picked up many a bargain at comet over the years so will be sad to see it go. towards the end though i would check something out in store and then buy online elsewhere to save money. Soon, there will nowhere to go and have look at any tech before you buy.
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Re: Comet UK to close all stores

Postby Agent75 » 17 Dec 2012, 12:20

richomack360 wrote:
Agent75 wrote:If you're too expensive, you go to the wall. I read reports that they knocked peanuts off their stock, so that just says it all. I remember when Woolworth's went to the wall (way too expensive), they sold all their gaming stock to HMV, who as we all know, are also way too expensive, and are on the verge of going to the wall. I'm no business expert, but these stores just don't get it. I can see Curry's going to the wall in the future, GAME and HMV also. When this happens, it more trade for online stores, who'll then put up their prices and just take over from the likes of GAME, HMV and Curry's. It's a strange circle.


Believe me when I say this - but high street shops have to sell at these prices to make a decent turnover. When I worked in a record shop chart CD's cost £6 just to buy in - resulting in us having to sell at £9 - when you take off running costs, overheads, staff costs etc the profit margin is wafer thin.

That shop has now gone totally online and now doesnt have to pay for the upkeep of a shop ! If high streets realised that the rents for their retail units are too high (as the councils want empty units to convert them into flats for more revenue) then perhaps the high streets would not look like a ghost town as it would give the retailers some breathing space to try to compete with online prices.

Two things will happen in the near future, or are happening now - online prices will become more expensive, its started to happen with ShopTo and Zavvi, and the advent of digital distribution will create a monopoly where competitive retail is out of the window


It's baffling that online stores don't have stores to maintain like say GAME and HMV, but their prices are on par with the likes of GAME and HMV. Since Play.com got taken over, their prices have gone up, I don't buy much from them now. Also, Shopto.net have got expensive, even on their eBay store. Next gen games will top £60 each, that's excluding rip off DLC. I think there's going to be a games crash at some point, as most gamers are aware of what's going on.
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Re: Comet UK to close all stores

Postby Agent75 » 17 Dec 2012, 12:25

Barry316 wrote:That's the warranty on my washing machine gone to s**t then!

Every town will be like a ghost town soon. The only things left will be McDonald's and the Big Issue seller that stands outside it. Or grandad as mine is sometimes known as.


Your warranty will probably be covered by an insurance company, even though you paid for it through Comet, so Comet are just the middle man. Their address (the insurance company) should be in the small print, so give them a call to see if you're still covered. Even if Comet have gone to the wall, the policy should still stand. If they say is doesn't stand, I bet they're blagging, so best to contact Consumer Direct. But I know the insurance company have to write to you if they cancel the policy.
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Re: Comet UK to close all stores

Postby alan666 » 17 Dec 2012, 12:28

richomack360 wrote:
Agent75 wrote:If you're too expensive, you go to the wall. I read reports that they knocked peanuts off their stock, so that just says it all. I remember when Woolworth's went to the wall (way too expensive), they sold all their gaming stock to HMV, who as we all know, are also way too expensive, and are on the verge of going to the wall. I'm no business expert, but these stores just don't get it. I can see Curry's going to the wall in the future, GAME and HMV also. When this happens, it more trade for online stores, who'll then put up their prices and just take over from the likes of GAME, HMV and Curry's. It's a strange circle.


Believe me when I say this - but high street shops have to sell at these prices to make a decent turnover. When I worked in a record shop chart CD's cost £6 just to buy in - resulting in us having to sell at £9 - when you take off running costs, overheads, staff costs etc the profit margin is wafer thin.

That shop has now gone totally online and now doesnt have to pay for the upkeep of a shop ! If high streets realised that the rents for their retail units are too high (as the councils want empty units to convert them into flats for more revenue) then perhaps the high streets would not look like a ghost town as it would give the retailers some breathing space to try to compete with online prices.

Two things will happen in the near future, or are happening now - online prices will become more expensive, its started to happen with ShopTo and Zavvi, and the advent of digital distribution will create a monopoly where competitive retail is out of the window


^ This.

I am not sure what people expect retailers to do, they seem to think that they can sell stuff at a loss & keep going :roll:

I still buy games from my local Game store, i of course buy games online from Game themselves but also Zavii & Amazon depending on what special editions they each have.

As soon as the market & competition is reduced the remaining retailers push up their prices, people keep on about Tesco being cheap for games, well yes but once the competition is out of the way do you really think Tesco will be selling FIFA 2014 on release for a fiver ?

A couple of years ago i wanted to buy a TV Comet had the one i wanted, but they said they had none in stock & they would have some next week (five days time) so i went back in & they said they did not have any in & would have some in a week later another five days, i asked the guy if they actually wanted my money, i even took the cash out £200 & said look here it is, he then tried to sell me a more expensive TV, i then walked out of the shop, i got the TV from Richer Sounds in the end, it was only a second TV, last year i then got a whole new cinema set-up from Richer Sounds about £2000 worth, there is a place for specialist retailers but people need to use them, i am not saying people should pay more to subsidies the shops but people need to understand why the prices are the way they are on the high street.

As this is a gaming community of course it is games we are interested in, there is only HMV & Game left now & i cannot see HMV being around next xmas, i can see Game surviving but only just, they new seem to be trying to become even more specialist selling tablets & other items in the same spectrum, my local Game has always had plenty of stock & is always packed on the weekends & always a que at the tills.

Shame for the Comet staff & i wish them the best.
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Re: Comet UK to close all stores

Postby richomack360 » 17 Dec 2012, 12:33

Agent75 wrote:It's baffling that online stores don't have stores to maintain like say GAME and HMV, but their prices are on par with the likes of GAME and HMV. Since Play.com got taken over, their prices have gone up, I don't buy much from them now. Also, Shopto.net have got expensive, even on their eBay store. Next gen games will top £60 each, that's excluding rip off DLC. I think there's going to be a games crash at some point, as most gamers are aware of what's going on.


Once the high street goes down there will be no competition, so like supermarkets, the online retailers will inflate their prices artificially and then offer "deals" to make it look like a good purchase (naughty Tesco) eventually one or two of the online retailers will go bust and then you will see another shift to only gettting games through an XBL or PSN service.

Every dunce heralding the digital download era will face a monopolisation scenario. WHEN physical purchases and the high street have gone down the plughole you will only be able to get games through download - look at the prices of them on PSN and XBL.

Its a joke, and you WILL be paying £70 for future next gen games, because the only places you can get them from have created a monopoly you cannot escape from.
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Re: Comet UK to close all stores

Postby ricflair » 17 Dec 2012, 12:45

I understand that shops have to charge more, and I really don't mind that, especially as so many online suppliers have got s**tter and s**tter and delivery times have getting longer and longer. It recently took 9 days for a CD to come from HMV online; Amazon orders will frequently takes a week and don't even mention Zavvi/The Hut Group. Play are terrible since they were taken over.

I understand that online stores will sell new releases for £30-35 and a shop has to charge £5 or so more to cover their costs. That's fine. It's when online stores are able to sell games off a £20 or even less and the stores are still selling them at £40+ that it seems they only have themselves to blame. PC World/Currys recently has a massive clearance where they sold BF3 for £14, Wiimote Pluses for £16 etc. Previously they were £40 - if they operated on a reasonable sliding scale, instead of either 'rip off' and 'dirt cheap', they might have more luck.

But Game are ridiculous. ZombiU was £54.99, Wii U Pro Controllers were £49.99, Wiimotes were £39.99... they will go down the pan and they'll have nobody to blame. There is simply no excuse for some of those prices. I think they should at least try a low margin/large units approach instead of trying to make up for two lost sales on the one sale they snag.


EDIT: I have no idea why people think that two high street stores are somehow keeping online prices down. It just makes no sense - unless all the online retailers get together to keep prices high.
Last edited by ricflair on 17 Dec 2012, 12:51, edited 1 time in total.
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Re: Comet UK to close all stores

Postby StonecoldMC » 17 Dec 2012, 12:46

Sad to hear of anyone losing there jobs, especially in the current climate! I cant see a white knight riding in to rescue them either, so this looks like the loss of another high street institution.

Sad sad times.
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Re: Comet UK to close all stores

Postby Josh298 » 17 Dec 2012, 13:05

i lost my place at perry barr one stop they said not all stores where going to close i guess they were wrong ill find a new job soon enough any ways
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Re: Comet UK to close all stores

Postby KK-Headcharge78 » 17 Dec 2012, 13:33

Sad news and recent reports suggest HMV may well not be too far behind. For those who berate the High Street prices you do have a choice, go online but don't be deluded enough to think high street can or will match online (or the supermarkets for that matter- Game has approx 300 stores vs Tesco's 6000) the economies of scale or overhead costs do not match up. I support my local game stores because once the high street hasd gone the online and supermarket prices will creep up, in fact this is already happening. I like the option of browsing, looking for bargains which are there but they can't be across all games. I have recently picked up Borderlands 2, Dishonoured and Hitman, all new for £20-30 from a high profile high street Game store yet all I ever hear is this bullshit about them been too expensive.
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