1.300 jobs to go as administrators close Jessops stores

Daily Echo: Jessops stores have been shut by administrators Jessops stores have been shut by administrators

DOZENS of Hampshire jobs are to go after administrators announced it was closing all Jessops camera shops beginning today.

Around 1,300 jobs at the stricken camera chain will go across the UK.

The group has seven stores in Hampshire, including Southampton, Winchester, Hedge End and Fareham.

PricewaterhouseCoopers (PwC), which was appointed to the group on Wednesday, said it would begin the process of shutting the 187-store network at the close of business today.

The administrators said further job losses are likely at the group's head office in Leicester.

Jessops is the first high-profile retail casualty of 2013, after suffering from online competition and a boom in camera phones in recent years, hitting demand for digital cameras.

Administrator Rob Hunt said PwC had held ''extensive discussions'' with suppliers, but it was apparent that Jessops could not continue to trade.

He said stock would be collected from the shops and taken to a warehouse, where it would be returned to suppliers.

As a result of the closure of the shops, Mr Hunt added that customers would not be able to return products.

Jessops was forced to call in the administrators this week after talks between the company and its lender and suppliers broke down after a poor Christmas of trading.

Jessops had struggled since 2007, when it underwent a major overhaul with a swathe of store closures.

It came close to collapse two years later before being rescued by its main lender HSBC in a controversial debt-for-equity swap that saw it taken off the stock market.

The camera giant's collapse comes after consumer electrical chain Comet hit the wall last year, sparking more than 6,000 job losses.

There was speculation that suppliers such as Canon were considering injecting cash into Jessops last year to help prop the business up, but no deal materialised.

The group last year also suffered the loss of its chief executive Trevor Moore, who left to head up HMV, as well as its chairman David Adams.

Martyn Everett was then appointed as chairman and Neil Old was promoted to lead the business as chief operating officer.

The firm began life in 1935 when Frank Jessop opened his first shop in Leicester.

Mr Hunt added that it was ''an extremely sad day for Jessops and its employees''.

Comments (11)

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8:03pm Fri 11 Jan 13

Huffter says...

"administrators announced it was closing all Jessops camera shops beginning today."
How many Jessops camera shops have begun today?
"administrators announced it was closing all Jessops camera shops beginning today." [note to Echo - Administrators are generally plural] How many Jessops camera shops have begun today? Huffter
  • Score: 0

8:27pm Fri 11 Jan 13

J.P.M says...

My dog is mostly brown - but has a white chest and white front/left leg.
Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........
My dog is mostly brown - but has a white chest and white front/left leg. Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........ J.P.M
  • Score: 0

8:50pm Fri 11 Jan 13

Linesman says...

J.P.M wrote:
My dog is mostly brown - but has a white chest and white front/left leg.
Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........
I think you are wrong.

That someone could associate the colour of pads on their dogs could have any relation to the closure of Jessops stores is, in my opinion, stranger than nature.

In fact, it could be classified as unnatural.
[quote][p][bold]J.P.M[/bold] wrote: My dog is mostly brown - but has a white chest and white front/left leg. Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........[/p][/quote]I think you are wrong. That someone could associate the colour of pads on their dogs could have any relation to the closure of Jessops stores is, in my opinion, stranger than nature. In fact, it could be classified as unnatural. Linesman
  • Score: 0

9:10pm Fri 11 Jan 13

sotonbusdriver says...

If things carry on as they are without some support and rescue for High Street trading by the Government.
This Country is doomed with a near total collapse of the High Street completely..
Times are really tough, and this Government is doing nothing to assistrecovery, in fact it is possible to go as far as to say that their policies are why businesses are failing, inc these giant of retail
If things carry on as they are without some support and rescue for High Street trading by the Government. This Country is doomed with a near total collapse of the High Street completely.. Times are really tough, and this Government is doing nothing to assistrecovery, in fact it is possible to go as far as to say that their policies are why businesses are failing, inc these giant of retail sotonbusdriver
  • Score: 0

9:26pm Fri 11 Jan 13

Seedhouse the Unrepentant says...

sotonbusdriver wrote:
If things carry on as they are without some support and rescue for High Street trading by the Government.
This Country is doomed with a near total collapse of the High Street completely..
Times are really tough, and this Government is doing nothing to assistrecovery, in fact it is possible to go as far as to say that their policies are why businesses are failing, inc these giant of retail
As the article states the business model of Jessops has been left behind by high quality cameras on phones and cheaper products on the internet. It's quite simple really.
[quote][p][bold]sotonbusdriver[/bold] wrote: If things carry on as they are without some support and rescue for High Street trading by the Government. This Country is doomed with a near total collapse of the High Street completely.. Times are really tough, and this Government is doing nothing to assistrecovery, in fact it is possible to go as far as to say that their policies are why businesses are failing, inc these giant of retail[/p][/quote]As the article states the business model of Jessops has been left behind by high quality cameras on phones and cheaper products on the internet. It's quite simple really. Seedhouse the Unrepentant
  • Score: 0

9:27pm Fri 11 Jan 13

J.P.M says...

Linesman wrote:
J.P.M wrote:
My dog is mostly brown - but has a white chest and white front/left leg.
Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........
I think you are wrong.

That someone could associate the colour of pads on their dogs could have any relation to the closure of Jessops stores is, in my opinion, stranger than nature.

In fact, it could be classified as unnatural.
I think you missed my point. There is often a pattern to the way things evolve: bricks are not all sand and water.
[quote][p][bold]Linesman[/bold] wrote: [quote][p][bold]J.P.M[/bold] wrote: My dog is mostly brown - but has a white chest and white front/left leg. Curiously, the paw pad on the white leg is pink, whereas the pads on the brown legs are black. Nowt as strange as nature........[/p][/quote]I think you are wrong. That someone could associate the colour of pads on their dogs could have any relation to the closure of Jessops stores is, in my opinion, stranger than nature. In fact, it could be classified as unnatural.[/p][/quote]I think you missed my point. There is often a pattern to the way things evolve: bricks are not all sand and water. J.P.M
  • Score: 0

10:56pm Fri 11 Jan 13

andysaints007 says...

Huffter wrote:
"administrators announced it was closing all Jessops camera shops beginning today."
How many Jessops camera shops have begun today?
YAWN YAWN YAWN
[quote][p][bold]Huffter[/bold] wrote: "administrators announced it was closing all Jessops camera shops beginning today." [note to Echo - Administrators are generally plural] How many Jessops camera shops have begun today?[/p][/quote]YAWN YAWN YAWN andysaints007
  • Score: 0

6:45am Sat 12 Jan 13

sarfhamton says...

Really feel sorry for the staff and their families.

the high street is doomed and only Costa Coffee and Oxfam will be left.
Really feel sorry for the staff and their families. the high street is doomed and only Costa Coffee and Oxfam will be left. sarfhamton
  • Score: 0

7:12am Sat 12 Jan 13

Brusher Mills says...

sarfhamton wrote:
Really feel sorry for the staff and their families.

the high street is doomed and only Costa Coffee and Oxfam will be left.
And Tesco's Express.
[quote][p][bold]sarfhamton[/bold] wrote: Really feel sorry for the staff and their families. the high street is doomed and only Costa Coffee and Oxfam will be left.[/p][/quote]And Tesco's Express. Brusher Mills
  • Score: 0

7:36am Sat 12 Jan 13

hulla baloo says...

Its progress, in the same way that digital cameras forced the closure of many printing and developing outlets and associated businesses. Not only is technology continually moving forward, so are peoples shopping habits, and businesses need to change their strategy to reflect this.
Its progress, in the same way that digital cameras forced the closure of many printing and developing outlets and associated businesses. Not only is technology continually moving forward, so are peoples shopping habits, and businesses need to change their strategy to reflect this. hulla baloo
  • Score: 0

8:05am Sat 12 Jan 13

localnews says...

Coffee shops betting shops and charity shops........there you go,a typical highstreet,throw in the odd kebab or pizza outlet and thats where we are today
Coffee shops betting shops and charity shops........there you go,a typical highstreet,throw in the odd kebab or pizza outlet and thats where we are today localnews
  • Score: 0

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