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Echo Business

Jobs at risk as Jessops photographic shops go into administration

By Emma Streatfield

4:01pm Wednesday 9th January 2013

Jobs at risk as photo firm goes into administration

JOBS in Hampshire could be under threat after a camera retailer chain went into administration today.

Around 2,000 jobs at Jessops are said to be under threat.

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

PricewaterhouseCoopers (PwC) has been appointed to the group, which is Britain's only specialist nationwide camera retailer, with nearly 200 stores.

Jessops, which has its headquarters in Leicester, has suffered in recent years from online competition and the boom in camera phones, which has hit demand for digital cameras.

Comments(12)

Comments(12)

Pikey Pete says...
4:10pm Wed 9 Jan 13

There is no money in society.

Banks dont lend. Thats it..In a nutshell.

The worst thing that happened to the high st, and all society wasnt Us the public.

It was politicians hell bent on bailing out the wrong places. BANKS...They never should have gave the a penny.

They should have set up via the post office proper lending to the public and to business.

That way we would be in a different situation.

ohec says...
4:32pm Wed 9 Jan 13

**** Pete wrote:
There is no money in society.

Banks dont lend. Thats it..In a nutshell.

The worst thing that happened to the high st, and all society wasnt Us the public.

It was politicians hell bent on bailing out the wrong places. BANKS...They never should have gave the a penny.

They should have set up via the post office proper lending to the public and to business.

That way we would be in a different situation.
And would you have said the same if you had gone to the hole in the wall just to have your card spat out with a message saying sorry we have no money we have gone bust, i doubt it. The consequences of our banks going bust are just to horrendous to even consider.

Lone Ranger. says...
4:35pm Wed 9 Jan 13

Most strange that Jessops can trade quite ok through Christmas and New Year and keep the tills ringing with the cash coming in ................ .
.
Now thats finished and rents are due and vouchers will be cashed in they seem to want to disappear. Just wonder if the top boys managed to pick up their wages and "bonuses"

Ginger_cyclist says...
4:36pm Wed 9 Jan 13

**** Pete wrote:
There is no money in society.

Banks dont lend. Thats it..In a nutshell.

The worst thing that happened to the high st, and all society wasnt Us the public.

It was politicians hell bent on bailing out the wrong places. BANKS...They never should have gave the a penny.

They should have set up via the post office proper lending to the public and to business.

That way we would be in a different situation.
That first and then take the banks out of what is essentially the private sector and put them into the public sector, I mean come on, bankers pay when including bonuses rivals the rage of some footballers, most footballers need a hefty pay cut too, £5million per match? Should be £500k for every 3 matches.

Outside of the Box says...
4:42pm Wed 9 Jan 13

Didn't David Cameron once say that the private sector would be picking redundant public sector worker's, I think he may have got it slightly wrong again.

PwC have also said that Jessops will not be honouring gift vouchers of taking returns, some consulation for staff is that at least they Christmas out of the way.

AndyAndrews says...
6:43pm Wed 9 Jan 13

It's a shame. I've always had very good service at their Hedge End branch.

elvisimo says...
7:15pm Wed 9 Jan 13

obsolete business - much likes Zavi and i suggest shortly HMV. There will be more to follow as there are every year. Things move on.

Linesman says...
7:48pm Wed 9 Jan 13

Outside of the Box wrote:
Didn't David Cameron once say that the private sector would be picking redundant public sector worker's, I think he may have got it slightly wrong again.

PwC have also said that Jessops will not be honouring gift vouchers of taking returns, some consulation for staff is that at least they Christmas out of the way.
He also said, 'We are all in this together', but he does not appear to be in the Brown and Smelly stuff that he had put so many people in.

Ginger_cyclist says...
10:09pm Wed 9 Jan 13

elvisimo wrote:
obsolete business - much likes Zavi and i suggest shortly HMV. There will be more to follow as there are every year. Things move on.
All thanks to the internet and sites such as ebay.

southy says...
11:41am Thu 10 Jan 13

Ginger_cyclist wrote:
elvisimo wrote:
obsolete business - much likes Zavi and i suggest shortly HMV. There will be more to follow as there are every year. Things move on.
All thanks to the internet and sites such as ebay.
Its not the internet killing these business, the money is just not there for people to spend, I use Jessops and every time I been in the one in town its all ways had people in there buying. just not enough to keep it going.

neilchi says...
8:14pm Thu 10 Jan 13

Reports that there is no money is just rubbish. When a new camera is launched by Nikon/Camera there is a massive waiting list often especially for the higher end models. So why has Jessops gone bust?

Firstly, as a rule, poor customer service. I note and of course respect the earlier comments about getting customer service at Hedge End and that's great to hear but generally Jessops staff could be 'ropey' in customer service.

There were not price competitive. Nor, did they stay ahead of the game and look at what was happening in the market for photography.

Photography has NEVER been more popular, but a lot of people tend to keep there photographs on the phone/computer. Jessops lost the respect of professional photographers several years ago and now tend to use web based UK business or London Camera Exchange.

What's interesting to note that, as very general rule, the companies that have recently gone bust are the ones who tend to have a poor reputation for customer service.

Bowmore says...
7:10pm Fri 11 Jan 13

Lone Ranger. wrote:
Most strange that Jessops can trade quite ok through Christmas and New Year and keep the tills ringing with the cash coming in ................ .
.
Now thats finished and rents are due and vouchers will be cashed in they seem to want to disappear. Just wonder if the top boys managed to pick up their wages and "bonuses"
It's quite common for shops to go bust at this time of year. They have probably been in trouble for some time but hang on over Christmas in the hope that the extra Christmas trade will be enough to get them out of trouble. Sadly in Jessops case it looks as if the Christmas rush was not big enough for them.

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