All Comet articles – Page 10
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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.
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NewsBest Buy UK big box stores to shut
Electricals group Best Buy is to close its big boxes in the UK and partner Carphone Warehouse’s will instead focus on developing its ‘connected world’ store model.
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NewsRetailers feel the heat as consumers save
Store stocks nudged up over the week, but analysts and retailers alike wrung their hands about trading prospects and consumer health as the countdown to Christmas continued.
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NewsKesa manoeuvres to keep ‘economic interest’ in Comet
Kesa could keep an economic interest in Comet, the embattled electricals chain it has put up for sale, under a proposal being discussed with private equity firm OpCapita.
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NewsRetail suffers as bad news hits confidence
The overall market was up but retail shares were down over the week, with a raft of bad news and concern about consumer confidence hitting the stores sector.
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NewsDixons hunts for UK boss so Browett can focus on strategy
Dixons, owner of electricals retailers Currys and PC World, is preparing to hire a new head of its UK operations early next year, it has been reported.
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NewsDragon's Den star in line for chairman job at Comet
Dragons’ Den star Peter Jones is in the running to become executive chairman at embattled electricals retailer Comet, under plans being drawn up by would-be owner Hilco.
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NewsFormer Dixons boss Clare advises on Comet deal
Former Dixons chief executive John Clare is advising private equity firm OpCapita on its potential takeover of number two electricals retailer Comet, it is understood.
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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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NewsKesa mulls retaining pension to ease Comet sale
Comet-owner Kesa is understood to be planning to retain the Comet pension fund to enable a sale of the embattled electricals chain.
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NewsComet deal uncertain as like-for-likes nosedive
Electricals retailer Comet suffered a 22.1% like-for-like sales plunge in its second quarter after suffering a double-whammy of harsh trading conditions and tough comparatives.
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NewsInvestor worry grows as trading stays tough
Grocers, led by Tesco, bucked a gloomy market, but it was a poor week for general retailers as investors continued to wring their hands about general prospects, not helped when fashion group Alexon warned on profits.
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NewsSale unlikely for troubled Comet chain
Talks between Kesa and potential buyers of its troubled Comet chain had all but collapsed as Retail Week went to press, and the retailer was preparing to embark on its own turnaround plan.
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NewsDoubts emerge over Comet sale
The sale of electricals retailer Comet looks increasingly unlikely to go ahead as it understood the two remaining potential bidders are seeking a dowry in the region of £150m-£200m.
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News
Comet sale decision looms as Kesa prepares for AGM
Kesa chiefs are expected to decide within a few days whether to proceed with a sale of electricals retailer Comet, following the submission of second-round bids today.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsHilco still in the running for control of Comet
Restructuring specialist Hilco is reportedly still in the running as a bidder for electricals retailer Comet.