All Jessops stores closing down on Friday

Jessops stores around the country are now closing their doors for the last time. The administrators have decided to close all stores on Friday evening after suppliers withdrew support.

High street photography retailer Jessops has closed all 187 of its UK outlets as of... right now.

The Leicester-based company called in the administrators earlier this week, who have decided to shutter all of the stores at the end of trading on Friday, meaning the loss of 1,370 jobs across the country.

The company, which first opened its doors in 1935, had been struggling to compete with cheaper online outlets such as Amazon, and the huge improvement in smartphone cameras in recent years.

The company had sought support from suppliers in order to continue trading, but that had not been forthcoming.

Unlike the recent closure of fellow electronics retailer Comet, there'll be no fire sale and no opportunity to pick the bones for those on the look-out for a cheap camera. And, worse still, if you're hoping to return a camera gifted to you over Christmas, you're bang out of luck.

In a statement, administrators PricewaterhouseCoopers (PwC) said: "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."

"We will continue to ensure that employees are paid as they assist us during the closure."

Via: BBC

 

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