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Administrator Deloitte looks to salvage retailer's financial woes

UPDATED: Comet raises prices during ‘liquidation sale’, angers customers

The troubled retailer has come under-fire after administrators have reportedly hiked-up prices during its ‘liquidation sale’.

Angry shoppers hoping to benefit from the sale have criticised the firm for raising prices as it attempts to salvage its financial situation.

Talking to The Sun, one customer in particular told the paper that prior to the firm going bust last month, they had been interested in a 3D TV priced at £1,349.

However, upon retuning to the store during the sale, the price of the product in question has been raised to £1,400.

Comet entered administration last week with Deloitte stepping in as administrator, who has made 330 of the retailer’s workforce redundant to date.

As it stands, there have yet to be any job losses at any of Comet’s 236 stores, but it is reported that staff are being briefed about looming store closures.

Discussions continue to be held in order to find potential buyers for areas of Comet’s business, with Shop Direct rumoured to be interesting in taking on the brand.

UPDATE: Following the publication of this article, Deloitte, administrator for Comet, reached out to PC Retail issuing a statement regarding the supposed price hikes during the retailer’s ‘liquidation sale’.

PC Retail has issued a new article outlining the information, which can be accessed here.

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