/ Shopping, Technology

Is Comet’s liquidation sale massively disappointing?

Comet sale saying 'massive stock liquidation'

Comet has begun its liquidation sale, offering discounts on the last of its stock as administrators try and milk as much money as they can out of the beleaguered chain. But are the deals being offered any good?

It’s never good news when a shop closes down. As well as the job losses and empty shops on the high street (or more likely retail parks in this case), there’s less competition.

When it comes to electrical stores, we’re basically left with PC World, Dixons and Currys, which all belong to the same company. The danger is that this could lead to higher prices on the high street.

However, the thin silver lining for you and me is that we can shop for bargains in liquidation sales, or ‘fire sales’ as they’re also known. These see the companies selling off their remaining stock for knock-down prices in an attempt to raise as much money as possible.

10% off in Comet’s ‘massive liquidation sale’

And so Comet has started its own ‘massive liquidation sale’. However, some shoppers are disappointed with the discounts on offer. Kingdomovements (‏@Kingdomovements) told us on Twitter: ‘Not impressed in the slightest, no good bargains at Comet, only saw a maximum of 10% discount.’

Fiona (‏@fiona_welburn) agreed and said she’d need much more off to be tempted: ‘Better discounts after Christmas or online. Would have to be at least 40% I think.’

While 10% off shouldn’t be sniffed at, it’s worth remembering that you’re effectively forfeiting your Sales of Goods Act rights when you buy from Comet’s sale. You’ll have the manufacturer’s warranty for a limited amount of time, but you won’t be able to get a refund from the retailer. You’ll have some protection if you buy sale items on your credit card, but is 10% enough to give up one portion of your consumer rights?

Some people have spotted more tempting deals, like the ones Stuart (@Torquepen) told us about on Twitter:

Are you disappointed by Comet’s liquidation sale? What type of discount would you expect, and more importantly, how much would you want off to give up your consumer rights?

Comments
Member

I’m more disappointed at stories where staff have told customers they put prices up on the 6th in readiness to discount today. And I’m not surprised the sale is a bit of a damp squib. Remember Woolworths upto 70% closing down sale, with the 70% in letters taller than most people, yet the only thing reduced that much were the greeting cards. If shops don’t learn to treat their life blood (that’s us) better, then more and more will go under.

Member
yve clark says:
8 November 2012

With no chance of dealing with the retailer in the event of a problem, I don’t think 10%off a large ticket item would tempt me. As it stands, some items we saw today are much more than ASDA’s regular price. The store looked as well stocked as it has always done, and only slightly busier. People all around were commenting that it was not enough to make it worthwhile.
I will miss comet. I really feel for the staff. They were really professional and I hope someone can give them lasting employment soon.

Member
Doug says:
9 November 2012

I shall be sorry to see the last of Comet. They were rarely the cheapest store but they were accessible in towns where the competition sat outside in retail parks. Perhaps that’s part of teh reason why they failed ~ car-bound people like out of town shops with big car parks. Most of their staff knew what they were talking about and seemed glad to help. Now I shall have to take the bus out of town to Currys or, more probably, order online from Amazon or John Lewis. But I agree that, in current circumstances, 10% is not tempting enough ~ even their usual margins must be higher than that.

Member

I have been in plenty of Comet stores in retail parks with parking.

Member
K TuT says:
11 November 2012

I’ve only ever seen Comet in retail parks.

Member
Lewis says:
9 November 2012

I went yesterday and the original prices were higher than rrp and then the 10% off took them back to rrp. Seems like they are trying to trick the un tech savvy into thinking they are getting a good deal

Member
oldfeller says:
9 November 2012

I am very sorry to see Comet go under. Before it’s arrival in the 70s (even with the abolition of RPM) it was virtually impossible to buy electrical goods at less than the RRP. It seems to me that they changed the face of white goods retailing. Lord Sugar was one of the prime beneficiaries of the emergence of Comet discount stores. I still remember purchasing my first Amstrad hi fi separate system – I bet I’ve still got it in the attic.
I now expect to see white goods prices rise on the high street.
Thank goodness for John Lewis
RIP Comet,

Member

Agreed, except that Amstrad separated could hardly be described as hi-fi, which had some meaning back in the 70s. Sugar has admitted certain Amstrad products were not very good.

John Lewis it is then.

Member
danufo519 says:
10 November 2012

Your right the discounts on offer are very disapointing for the consumer. However the adminastators must make every effort to get as much money back to the suppliers in a limited period.

That said, I was very disapointed with the discounts. Only 10% off of all large/expensive products, then 20% of off accesiores. I did spot a couple of display TV stands marked down to 30%.

I took the time to visit two stores (Cheltenham and Gloucester). I was interested in the top of the range Samsung 50″ 8000 Serise TV but the last one on display was only 10% off and it looked pretty grubby where there had been glue on the surrounding frame. I know from two recent purchaces of Samsung LED TVs that the manufacture give a two year warrenty. But only 10% off an ex-display TV. Come on I would probably be able to beat that from an on-line store. Besides it’s a £2000 TV.