January 11th, 2013, 11:55 AM
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#1
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Trustee
Join Date: Dec 2007
Location: Glasgow, Scotland
Posts: 1,546
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Jessops to close all branches
The latest UK high street retailer to go under:
BBC News - Jessops camera stores to close with loss of 1,370 jobs
Quote:
Jessops camera stores to close with loss of 1,370 jobs
High Street camera retailer Jessops is to shut all of its stores, resulting in the loss of about 1,370 jobs.
Administrator PricewaterhouseCoopers (PwC), appointed this week, said all 187 stores in the UK would shut at the end of trading on Friday.
More jobs would be lost at the head office in Leicester, it added.
Jessops became the first High Street casualty of 2013, after a raft of firms fell into administration in 2012, including Comet and Clinton Cards.
The camera chain was founded in Leicester in 1935. In recent years, it has been hit by increasing competition from supermarkets and internet retailers.
Rob Hunt, joint administrator at PwC, said it was an "extremely sad day for Jessops and its employees".
He added that the decision to shut down the business came after discussions with suppliers "around their support for ongoing trading", which was not forthcoming.
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