Belfast Telegraph

Saturday 20 September 2014

Bargain hunt stampede at Laser closing down sale

Bargain hunters are flocking to the stores of stricken electrical chain Laser today for day two of its closing down sale.

Long queues are expected at Laser Electrical stores in Belfast, Ballymena, Coleraine and Derry from early this morning when they open until late tonight.

The home-grown company went into administration at the start of this month and business adviser KPMG is selling off a mountain of washing machines, cookers and TVs to help pay off the company’s creditors.

Hundreds of people streamed in and out of Laser stores yesterday with around 200 people in an orderly queue as doors opened at Connswater in east Belfast around 9.10am.

Some admitted they had stuffed their pockets with £1,000 cash in case a wide range of goods tickled their fancy.

Male shoppers had their eyes on giant TVs, all the better to watch this year’s World Cup on, although dutiful Aaron Quigley was looking for a tumble drier for his wife.

Administrators failed to find a buyer for the chain after it went into administration earlier this month. Around 140 employees were made redundant, although for some the signing-on day was postponed as they were kept on to help with an orderly wind-up.

Former Laser manageress Karen Hamilton watched as shoppers browsed the shelves. She worked for Laser for 20 years. “It was always a nice place to work because it was family-orientated with a lot of people who’d worked there for a long time,” she said.

Ms Hamilton said she was now considering where her career should go next. “I won’t be staying in electrical retail now because it’s too hard to compete with the supermarkets and the internet.”

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