All Comet articles – Page 9
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NewsComet suffers Christmas sales slump
Sales plummeted at electricals retailer Comet over Christmas and net debt rose.
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NewsComet schedules meeting with trade credit insurers
Comet is set to meet with trade credit insurers next week as the electricals retailer tries to determine whether they will carry on offering cover to its suppliers once the business is sold to OpCapita next month.
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NewsDixons' like-for-likes fall over Christmas
Electricals group Dixons’ like-for-like sales slid in its core UK market over Christmas but the retailer said it performed better than rivals.
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NewsMicrosoft launches piracy action against Comet
Software giant Microsoft has begun legal action against Comet, the Kesa-owned electricals retailer that is being sold to private investment firm OpCapita, over alleged counterfeiting of product.
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NewsBest Buy big-boxes to close on January 15
Best Buy’s 11 UK big-box stores and website will shut on January 15, marking the end of its attempt to transform the electricals market.
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AnalysisReview of the Year 2011: 05. May
The polarisation of the retail market was a key theme in May.
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News
Kesa shareholders give Comet sale to OpCapita the green light
Kesa Electricals shareholders have given the go-ahead for the sale of Comet to private equity firm.
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NewsBleak sales growth adds to retail woe
It was another frustrating week for investors in retail companies as food and general merchandise groups put in a lacklustre showing versus a wider market advance.
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NewsKesa chiefs confident of Comet sale
Directors of electricals group Kesa are confident that the sale of UK business Comet will go ahead as planned.
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NewsComet deal financing delayed
The proposed sale of Comet has hit a stumbling block because its prospective buyer has not yet secured a key part of its financing.
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NewsMega Monday sparks battle for festive spend
Retailers have kick-started the race for online Christmas spend this week with a raft of offers as they capitalise on Mega Monday, traditionally the busiest day of the year for etailers.
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Opinion
Topman and Currys/PC World’s changing faces
The best retailers work to move with the times and if this means shops that don’t conform to the norm, then so be it.
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AnalysisWhat next for Comet?
After last week’s £2 sale of Comet, debate is raging over whether its new owners can turn the ailing electricals retailer around. By Rebecca Thomson.
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AnalysisAsset-based lending: What do retailers need to know?
Although Woolworths’ failure left asset-based lending with a hard- to-shake stigma in the UK, the Comet deal shows it is a perfectly viable form of funding.
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NewsComet to focus on value under new ownership
The new owners of electricals retailer Comet intend to restore its value credentials as they prepare to fight against the dominance of Dixons in a rapidly changing market.
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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OpinionAll change in electricals but Dixons is still on top
In the space of a week, the electricals retail landscape has been transformed.
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NewsComet sold to OpCapita for £2
Turnaround private investment firm OpCapita has bought electricals retailer Comet from owner Kesa for £2.