Shutter closing for Jessops

The high street camera and photography retailer has fallen into administration, putting around 2,000 employees' jobs at risk.

by Michael Northcott

Another bad day for anyone concerned about traditional high street retailers: camera shops chain Jessops has fallen into administration, with PwC taking on the job of winding down operations. 

PwC explained in a statement that Jessops’ marketplace saw a ‘significant decline’ in 2012, and it is not expecting the slide to be reversed in 2013.

The administrators added: ‘In addition, the position deteriorated in the run up to Christmas as a result of reducing confidence in UK retail. 

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