Jessops becomes the first High Street casualty of 2013
Camera specialist Jessops has become the latest High Street retailer to fall victim to worsening High Street trading conditions after announcing that its 192 UK stores have been placed into administration.
It makes Jessops the first High Street casualty of 2013 (and it almost certainly won’t be the last) with branch closured deemed to be ‘inevitable’ and Christmas customers may not have repair, vouchers or refund contracts honoured.
Jessops demise is being blamed on a failure to adapt to digital technology which has seen consumers increasingly rely on their smartphones to take candid snaps.
Rob Hunt of administrators Price Waterhouse Coopers said: “Trading in the stores is hoped to continue, but is critically dependent on these ongoing discussions. However, it is inevitable that there will be store closures.”
Last year a succession of well-known retailers fell like dominos including Clinton Cards, Comet, Blacks, Game, JJB Sports, La Senza and Peacocks.
Jessops was founded in 1935 by Frank Jessop who opened the first store in Leicester.