Camera retailer Jessops goes into administration: Hull and Beverley jobs at risk

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Wednesday, January 09, 2013
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HDMJCampbell

Administrators have been appointed for troubled camera retailer Jessops.

PricewaterhouseCoopers (PwC) has announced that store closures will be 'inevitable' and around 2,000 jobs at risk.

  1. Jessops

    The Jessops chain has gone into administration.

The company, which has a store in Hull and another in Beverley, is struggling with sales due to the increased popularity of camera phones which is hitting demand for digital cameras.

Rob Hunt, joint administrator and partner, PwC said: "Over the last few days the directors, funders and key suppliers have been in discussions as regards additional consensual financial support for the business. However these discussions have not been successful.

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"Trading in the stores is hoped to continue today but is critically dependent on these ongoing discussions. However, in the current economic climate it is inevitable that there will be store closures."

Jessops, which operates more than 200 stores across the country, floated in 2004 at 155p per share, valuing the chain at £160m.

It managed to avoid administration in 2009 by securing a deal on its huge debts with HSBC.

Last year it suffered the loss of two senior figures. Trevor Moore quit as chief executive of Jessops after three years in charge to join HMV while chairman David Adams also left.

At present Jessops is not in a position to honour customer vouchers or accept returned goods.

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  • Profile image for GlossBunny

    by GlossBunny

    Wednesday, January 09 2013, 10:14PM

    “Retail shops are still being built, so there must be people who still want actual physical stores. In Leeds they are opening a new £350m shopping centre. And they are getting £13.6m to upgrade their train station.

    Maybe those in charge here in Hull, should get their 1st class train tickets and go and see how it is done properly in Leeds. Alternatively, as Hull is dying, when Lord Heseltine gets his penny thought in, he can arrange for David Cameron to pay for those who are unemployed in Hull to relocate to Leeds, as we are all in it together.”

  • Profile image for dascodave

    by dascodave

    Wednesday, January 09 2013, 8:45PM

    “by JayOnly
    There's no point in having a shop of any kind these days. I do ALL my shopping on line

    Take the time to have a good look for the complaints dept on any of the online retailers and you will find they purposely dont exist for a reason so you c'ant complain,yes they have a returns policy with strict guides on reasons why it can be returned but there will never be any one you can rant to face to face or show what the problem is all you can do is follow their insructions which can take weeks to process....Give me a shop assistant any day...........”

  • Profile image for dontwo

    by dontwo

    Wednesday, January 09 2013, 8:20PM

    “AishaDelaney. Download Adfender or Ad muncher. Both free programs, both kill off unwanted adverts, and helps pages load faster.”

  • Profile image for JayOnly

    by JayOnly

    Wednesday, January 09 2013, 8:14PM

    “Lookie here, as Hull City go marching onwards to Premiership, local lingerie store GWENAP is a fine example of a business adapting. Only the other night he was in this rag telling how his Prinny Ave business has slowly gone down hill with the advent of the internet shopper. While he is still considering opening another shop further down the road, at least he seems to have enough sense to appreciate the new world happening around him and is trying and leap aboard the online bandwagon. Good luck to him.
    One good reason he might think opening another shop is worthwhile; the name has value and, in Hull at least, has always been a 'high profile' curiosity and seen as a shop of beauty, fun and character.”

  • Profile image for dascodave

    by dascodave

    Wednesday, January 09 2013, 8:09PM

    “In a genaration where our children spend best part of their lives playing online games or sat infront of a electronic device socialising with freinds on faceblob/tweeter etc do we not despair at the lack of physical exercise that this young generation are not getting?,do we not feel sorry for them and constantly compare our youth of running and playing outside,chasing around in the parks and playing street games to theirs!!!!...Yet we are becoming happy and content to do the same when it comes to shopping online because its easy and most probably cheaper to do so....This is why I like to get out,get away from the great modern ways of online living/communicating/shopping etc,this is why I purposely dont subscribe to the popular social networking beasts,am I realy "sad" as I am told by my kids and the younger generation for not doing so?...............If someone wants to communicate with me they can call me on a phone or even knock on my door and talk with me face to face,I use the the electronic world for what its there for but I dont let it rule/control/run/dictate my life and I'm happy to step away from it and live the life I knew before the internet took control of our lives.....The point I'm trying to get across is that the invention of the cyber world has taken over our lives and is also destroying our lives...”

  • Profile image for BigChimp

    by BigChimp

    Wednesday, January 09 2013, 7:38PM

    “The local councils should bear some of the blame for this. Hull City centre, for example, is not a shopper-friendly place. Insufficient parking space, coupled with what seems to be an army of parking enforcement staff just waiting for you to stray a minute over your allotted time deters people (me, anyway) from venturing into the centre of town.
    This, coupled with unreliable public transport, awful traffic planning and what seems to be a take-over by charity shops and pound shops, makes internet shopping a lot more appealing.
    I can order in the afternoon from Amazon and have it delivered the following morning for less than it would cost me in petrol and parking, without the hassle.”

  • Profile image for JayOnly

    by JayOnly

    Wednesday, January 09 2013, 6:56PM

    “There's no point in having a shop of any kind these days. I do ALL my shopping on line. I can't even remember the last time I went on a bus into the town centre; a taxi to the pub, maybe? Any electrical stuff I used to visit Argos or Comet to see / touch the goods, then go home and order from the Net...probably Amazon, the tax dodger. I couldn't give a monkey's about their tax position, I go where it cheapest. If Jessop et al can't adjust, they'll sink.
    I bought a Dyson cleaner on line £60 cheaper than in the Comet shop. That kind of business sense makes me wonder if they deserve to be in business at all.
    Anyone thinking a setting up a business, these days, just has to concentrate on the online sales...you wait, it won't be long before the council want their poll tax off the online business too. Ain't life a *****h”

  • Profile image for dascodave

    by dascodave

    Wednesday, January 09 2013, 6:11PM

    “So many high st retailers going out of buisness in favour of online sales buying,towns are going to become ghost towns before to long and people will never leave their homes for anything.....Personally I like finding what I want in a shop that way you get to see/feel/try your products,and even the chance for a face to face haggle but dont get me wrong I do buy online but just like to balance things a little.”

  • Profile image for AntiRanti

    by AntiRanti

    Wednesday, January 09 2013, 5:01PM

    “I'll mirror that. There are fewer a places you can get specialist knowledge on the high street these days. I have purchased a few things in store with them recently and very happy with customer service. Sad news.”

  • Profile image for AishaDelaney

    by AishaDelaney

    Wednesday, January 09 2013, 4:41PM

    “Those sodding adverts in the middle of the articles are getting on my ****.”

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