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Pricing Intelligence: Comet Launches Clearance Sale

November 6, 2012
Profitero
Written By
Profitero

The administrators of failed electricals retailer Comet launched a clearance sale in its 236 stores on Thursday, November 8. 

While Comet was believed to be offering discounts of around 10 per cent on products, shoppers are now claiming that prices have actually gone up in the “liquidation sale”.

According to the Comet website, the stock liquidation sale started at 9am on November 8 with “everything reduced”. However, according to a new report in The Sun newspaper, one customer claimed that the price of a 3D HD TV rose from £1,349 to over £1,400.

Comet had stock worth around £180 million when it was acquired by OpCapita, but the value was reduced to £120m as products sold were not replaced by the electrical retailer. The retailer’s owner called in administrators in October as it was unable to secure the credit insurance needed to buy goods for the Christmas trading period.

Retail Week reported recently how electricals giant DixonsCurrys and PC World stores have benefited from a rise in footfall following the collapse of Comet into administration.

© 2012 Profitero

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About Profitero

Pricing intelligence company Profitero works with retailers and manufacturers to help them increase sales and maximise their profits by using competitor price, promotions and stock information at scale. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com.

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