* Electrical store latest UK retailer to go into
* Deloitte seeking buyers, says redundancies inevitable
* Extra discounting introduced at remaining 195 stores
LONDON, Nov 17 British electrical retailer Comet
will close 41 of its 236 stores by the end of November unless a
buyer for the struggling chain can be found, the administrator
running the firm said on Saturday.
The move would lead to an unspecified number of job losses,
administrator Deloitte said.
The chain entered administration, a form of protection from
creditors, earlier this month and has already laid off 330 head
office workers from its 6,500 staff.
Closing down sales had begun on Saturday at 27 of the stores
earmarked for closure and would start in the other 14 early next
week, the administrator said.
Additional discounting would be introduced at its other 195
outlets, which will continue to trade as normal.
Deloitte said it continued to hold discussions with unnamed
parties interested in buying parts of the business.
"Regrettably, however, it is necessary to begin a store
closure programme and an employee consultation process is under
way," Deloitte said in a statement.
"While the administrators will look to redeploy staff from
any stores which do face closure to other stores nearby, there
will inevitably be redundancies," it added.
Comet is the latest British retailer brought low by a
consumer downturn, joining a roll-call of stores falling into
administration this year including JJB Sports, Clinton Cards,
Game Group, Peacocks and Aquascutum.
The store, which has an estimated 6 percent UK market share,
was acquired by private investment firm OpCapita for a nominal 2
pounds in February from Darty, then known as Kesa
(Reporting by Tim Castle; Editing by Stephen Powell)