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clan chieftain
Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell
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 Posted: Thu Nov 01, 2012 9:02 pm Post subject: Comet. |
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Another major high street store about to go into liquidation.Thats a few big stores gone this year already. Hopefully some of the jobs will be saved especially with Christmas almost upon us. 
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The Clan Chieftain |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22791
Location: UK
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52classic
Joined: 02 Oct 2008
Posts: 493
Location: Cardiff.
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| Posted: Thu Nov 01, 2012 10:51 pm Post subject: |
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Sad news, not only about jobs being lost but the way the whole dynamic of retailing is changing. The reason why would make an interesting debate.
I regard Comet as a name synonymous with my generation. They, along with MFI started at a time when we were putting our first home together and I listened to my parents' generation lamenting how these out of town warehouses would kill off the High Street.
Now I wouldn't be surprised if on-line sales kill off the out of town shops! That'd be a bigger problem than you might think because of the huge money tied up in retail real estate. |
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peter scott
Joined: 18 Dec 2007
Posts: 7215
Location: Edinburgh
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| Posted: Thu Nov 01, 2012 11:21 pm Post subject: |
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Comet started as a warehouse with no showroom, only a price list. Effectively things have come full circle and instead of driving to pick up your goods from Comet we are now paying a carrier to bring our goods from a warehouse. Although jobs at Comet will disappear there is probably no net loss of jobs overall. They are just in different organisations. The Post Office have just announced a big expansion of their parcel delivery arm.
John Lewis still price match other suppliers that have a shop presence.
Peter
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victor 101
Joined: 03 Apr 2009
Posts: 446
Location: East Yorkshire
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| Posted: Fri Nov 02, 2012 1:55 pm Post subject: |
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| 52classic wrote: | Sad news, not only about jobs being lost but the way the whole dynamic of retailing is changing. The reason why would make an interesting debate.
I regard Comet as a name synonymous with my generation. They, along with MFI started at a time when we were putting our first home together and I listened to my parents' generation lamenting how these out of town warehouses would kill off the High Street.
Now I wouldn't be surprised if on-line sales kill off the out of town shops! That'd be a bigger problem than you might think because of the huge money tied up in retail real estate. |
Strange that you should mention MFI and Comet in the same sentence, why?, because the same venture capatalist company took over both these businesses for peanuts and lots of sweeteners, and then let them slide into oblivion within a very short space of time.. |
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V8 Nutter
Joined: 27 Aug 2012
Posts: 602
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| Posted: Fri Nov 02, 2012 8:56 pm Post subject: |
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| Starting back inthe sixties the venture capitalists (asset stripers) moved into the engineering industry. They closed the factories and sold the land for redevelopement. |
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