Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 14°C

Search

UK: 1,370 jobs go as administrators close all Jessops stores

PUBLISHED: 17:30 11 January 2013 | UPDATED: 17:30 11 January 2013

All 187 Jessops stores are to close, the company's administrators have announced.

All 187 Jessops stores are to close, the company's administrators have announced.

ADMINISTRATORS to close all of the failed camera chain Jessops’ stores, with the loss of 1,370 jobs, it has been announced

PricewaterhouseCoopers (PwC), which was appointed to the group on Wednesday, said it would begin the process of shutting the 187-store network at the close of business today.

The administrators said further job losses are likely at the group’s head office in Leicester. Among Jessops’ stores are branches in Ipswich, Bury St Edmunds, Colchester and Lowestoft.

Jessops is the first high-profile retail casualty of 2013, after suffering from online competition and a boom in camera phones in recent years, hitting demand for digital cameras.

Rob Hunt, joint administrator and a partner at PwC said: “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 1,370 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.”

He added: “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.”

Updates for consumers will be available through the Jessops and PwC websites shortly at www.pwc.co.uk/jessops .

Related articles

Search hundreds of local jobs at Jobs24

Comments have been disabled on this article.

Major exporting success is a step closer for East of England firms which have benefited from a multi-million pound government funding pot to help businesses gain an international foothold.

The senior team at award-winning Suffolk rooflight company, Sunsquare, showed Bury St Edmunds MP Jo Churchill around their factory last week.

Drinks group Konings has unveiled plans to expand capacity at the Copella fruit juice site near Sudbury, potentially creating more than 100 new jobs.

A total of 31 care providers have been selected as finalists for this year’s Suffolk Care Awards.

Tourists jetting to the UK “in their droves” to take advantage of the weak pound could spend up to £2.4bn on our high streets this summer.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24