Comet to close its last stores after 79 years

UK consumer electronics retailer Comet will close its remaining 49 stores for good on Tuesday, the latest move for one of several British retail chains to enter administration this year. The trend is likely to continue next year, experts say, as more commerce moves online. “In many places, we need to have a complete rethink about how vacant property could be redeveloped into new uses," said British Property Federation CEO Liz Peace.

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