All Jessops shops to shut [Western Daily Press (UK)]
(Western Daily Press (UK) Via Acquire Media NewsEdge) Administrators are to close all of the shops in stricken camera chain Jessops, with the loss of 1,370 jobs.
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 yesterday.
The administrators said further job losses are likely at the group's head office in Leicester. 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.
Administrator Rob Hunt said PwC had held ''extensive discussions" with suppliers, but it was clear that Jessops could not continue to trade. He said stock would be collected from the shops and taken to a warehouse, where it would be returned to suppliers.
As a result of the closure of the shops, Mr Hunt added that customers would not be able to return products.
Jessops called in the administrators after talks between the company and its lender and suppliers broke down after a poor Christmas of trading.
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