Sales Boost For John Lewis As Comet Collapses

John Lewis has become the latest retailer to get a boost from the collapse of electricals chain Comet.

The department store saw sales shoot up by over 17% over the seven days to November 3, when compared with the same period last year.

It said a number of factors helped drive the increase, including the "likely demise" of rival Comet.

"The later half term across much of the country undoubtedly helped drive footfall into the shops, as did the distinctly autumnal weather," it said in a statement.

"Beyond that, new product launches in technology, a competitor's 'extravaganza', and the sad news of another's likely demise undoubtedly combined to provide a lively end to the week."

Sales of electricals were particularly strong, it said, with the number of large appliances sold at its second-highest level to date.

Comet advertised its sale on its website

A week ago, Comet called in administrators Deloitte who are attempting to wind down the business.

It launched a "massive" liquidation sale on Thursday, but many customers were left disappointed by the level of discount.

On Friday, Matt Bodell tweeted: "FYI anyone thinking of going Comet for the liquidation/clearance sale. Dont bother its like 10% off. Hold out for the prices to drop in 2wks (sic)."

And Graeme Chapman added: "sad it may be about Comet but their going out of business sale isn't much of a sale."

Although some shoppers were more successful, with Rachael Imison tweeting: "Awesome bargains to be had in comet!! Bought myself a little Christmas present."

Dixons - the UK's largest electricals retailer - has also benefited from its rival's demise.

The chain, which owns Currys and PC World, has seen its share price jump since speculation about Comet going into administration began on November 1.

Between October 31 and November 8, shares in Dixons Retail rose almost 20% to 24.7p, having peaked at a 22-month high of 25.8p the day after the rumours began.

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