THE joint administrators of Comet have confirmed plans to close 41 Comet stores by the end of November, unless a buyer can be found.
A closing down sale with increased discounts began in 27 stores - including Rugby - on Saturday and will begin in a further 14 stores early next week.
More generous discounts will also be applied to products across all of the other 195 Comet stores, which continue to trade as usual.
In a statement the administrators said it will look to redeploy staff from any stores which do face closure to other stores nearby, there will inevitably be redundancies.
A dedicated employee helpline is in place and the company is running an Employee Assistance Programme to help those staff made redundant find other jobs.
The administrators continue to hold discussions with parties who have expressed interest in parts of the business. Regrettably, however, it is necessary to begin a store closure programme and an employee consultation process is underway.
Chris Farrington, joint administrator, added: “We are very grateful to the company’s employees for their professionalism, loyalty and support at this difficult time and all employees will of course continue to be paid for all the work they do while the company is in administration.”