Signs that even the large companies are facing problems as Comet stores close their doors for the last time on Tuesday 18/12/2012. Comet had nearly 236 stores in total which has been a credit to the company since its opening in 1933.
The administrators Deloitte have said that unsecured creditors would be aiming to get back only 1% of the money owed to them following the chains collapse. It has been said to cost around 23 million pounds of government money in redundancy payments.
Comet was a 236 store business, which had employed around 7,000 people. Comet started life in Hull selling batteries and radios in 1933.
Comet is the latest in a line of high street store closures which included the Woolworths chain. With the high street struggling, it is now more important than ever to ensure that your business has an online presence. Creating and maintaining a website costs a lot less than paying rent and rates for a business premesis and can be equally as advantageous in terms of profit.
The secret to online success is visibility; people will buy from your ecommerce website if it is attractive, appropriately priced and easy to find. The most common way that websites are found is by using search engines such as Google. Of course, with millions of websites all vying for top rankings in search engine results, competition is high. This is why your online business is in need of SEO (Search Engine Optimisation) to ensure that it reaches those all-important top rankings. With these, it can be as successful, or perhaps even more successful than any high-street store.