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Jessops stores close today

By CitizenNews  |  Posted: January 11, 2013

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Camera shop Jessops is to close at the end of trading today.

The chain, which has branches in Gloucester, Cheltenham and Cirencester, will shut all 187 stores today.

PricewaterhouseCoopers (PwC), which was appointed as administrator after funding talks with its lender and suppliers collapsed, said Jessops' demise was attributed to poor Christmas sales and it had also seen a "significant decline" in its market in 2012.

Rob Hunt, joint administrator and partner PwC this afternoon: "Since my appointment, we have reviewed the position of the business and held extensive discussions with suppliers around their support for ongoing trading.

"It is apparent that we cannot continue to trade and as a result we have had to make the difficult decision to begin the closure of all 187 Jessops stores at the close of business today.

"Regrettably, this will result in around 1370 job losses across the stores with further job losses likely, in due course, at the head office in Leicester.

"The stock will be collected over the coming days and returned to a central warehouse. It will be returned to suppliers if they are entitled to it. As a consequence of the closure, Jessops is no longer able to accept returned product from customers.

"This is an extremely sad day for Jessops and its employees. We are very grateful for the support we have received since our appointment and we will continue to ensure that employees are paid as they assist us during the closure."

Staff at the Gloucester branch said earlier this week they had only found out the chain had gone into administration after phonecalls from The Citizen.

Twitter went into overdrive as the announcement was made this afternoon.  Graham Hodson ‏tweeted: "Just been asked to leave Jessops store. "Gone into liquidation" said the apologetic salesman. #jessops

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  • wsjd2003  |  January 11 2013, 8:53PM

    The trouble is that people use these shops and the knowledge of the staff to check out the product and get the best advice... they then go home and buy it cheaper over the internet. The longer this continues the more shops will close.

    Rate   7
  • zalapompadoo  |  January 11 2013, 6:41PM

    i feel sorry for the staff they are a really nice bunch yet the shop always had people in there so why has this happend good luck to the staff

    Rate   4
  • taylke  |  January 11 2013, 6:28PM

    Jessops had become something of a 'box shifter' over the past few years. That doesn't make it any less of a personal disaster for all the staff losing their jobs.

    Rate   1
  • NibNobs  |  January 11 2013, 4:57PM

    I'm sure I'm not the only one reading this and it seems so very sad, it wasn't the fault of the shop staff and to have happened so quickly - this time last week the shop staff had a job and probably no idea this would happen a few days later. Hope they get something out of their employers and find another job soon. At least new shops are opening locally.

    Rate   3