Comet 'close to administration'

The electrical retailer, Comet, is said to be close to going into administration.

The firm which has 6,000 employees at more than 240 stores has been struggling in the face of internet competition.

It is thought to have made a loss of £35 millon in the past year.

Stephanie McGovern told BBC Breakfast it would be very bad news for the high street.

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