Digital Photography Now - www.dpnow.com  
 
advertisements
Comprehensive price comparison shopping through DPNow and PriceGrabber

home :: News :: Features
9th January 2013
Jessops to go into administration?
by Ian Burley
9082: Jessops to go into administration?


Speculation that Jessops will today go into administration.

Jessops, the UK's last national chain of photography stores, is reportedly about to enter into administration. A formal announcement is expected later this afternoon. Administration works to protect the company from creditors and reorganise the business so that a new viable company can be formed out of the old one. Success is not, however, guaranteed and as the Comet electrical goods chain showed, with no buyer willing to invest, the chain eventually closed completely. Customers with Jessops vouchers should check their status as soon as possible.

Only a few days ago there was news that Jessops was to close a number of stores that weren't performing adequately, but the numbers mooted were in the teens. At present there are around 200 Jessops stores across the UK. Canon UK also reportedly made a financial investment in last year.

Although Jessops has improved its financial performance and completed a programme of store refurbishments, as well as opening a re-vamped flagship show store in central London, the company has continued to lose money; around 5 million in the company's latest reported financial year.

Jessops of Leicester was founded in 1935 by Frank Jessops and grew to be the dominant high street photography specialist store in the UK. However, in the last decade the company has struggled to adapt to the revolution in online consumer retailing and the market saturation of digital cameras.

We'll bring any further news as we receive it.

Reader feedback:

Discuss this story:

Jessops to go into administration?

Ian Jessops to go into administration?
[ Jessops, the UK's last national chain of photography stores, is reportedly about to enter into adm... (more)

JSR Re: Jessops to go into administration?
I can't help but feel that they brought this on themselves. I used to go to our Jessops many years ... (more)

Ian Re: Jessops to go into administration?
PricewaterhouseCoopers has been appointed as administrators for Jessops. The aim is to keep the comp... (more)

peter Re: Jessops to go into administration?
Sad as I know people who work in our local store :( we only have two camera shops over here and now ... (more)

Ian Re: Jessops to go into administration?
On reflection, shops are a relatively recent thing (I don't think shops as we know them now existed ... (more)

John Perriment Re: Jessops to go into administration?
The thought of losing such a famous and iconic name from the high street is very sad, but I'm not su... (more)

JSR Re: Jessops to go into administration?
They would do if it wasn't made so expensive for them to be in the high street, what with escalatin... (more)

Ian Re: Jessops to go into administration?
Apparently, Jessops had a very poor Christmas - a time when it would usually expect to make the bulk... (more)

Pol Re: Jessops to go into administration?
That sounds typical of our local Jessops. I went there a few years ago looking for a 'Bigma' for m... (more)

John Perriment Re: Jessops to go into administration?
It would have been fun to let him order the adapter and tell him you'd buy the lens when the adap... (more)

Pol Re: Jessops to go into administration?
It was a daffy young female, though she did ask a daffy young fella if they had any Canon adapt... (more)

Pops Re: Jessops to go into administration?
You do find them Pol *LOL *LOL... (more)

Patrick Re: Jessops to go into administration?
Overcharging hasn't 't actually resulted in high profits. Your point about high rents, rates insu... (more)

Ray Shotter Re: Jessops to go into administration?
I am aware that in recent years when I visited our local Jessops shops in Lowestoft and Norwich that... (more)

John Perriment Re: Jessops to go into administration?
I have bought a fair amount of gear online, it must be said, but mainly secondhand from ebay and ... (more)

Graham_of_Rainham Re: Jessops to go into administration?
Oh dear! I've always thought it to be very unfair that the big creditors will be first in line to... (more)

 
advertisements
©2001-2014 Digital Photography Now, All Rights Reserved.