Troubled retailer Jessops goes into administration.
Specialist camera chain Jessops has called in the administrator in a bid to save its 192 UK wide stores. Jessops employs around 2,000 staff whose jobs are at risk. PricewaterhouseCoopers, the administrators appointed, said some stores will have to close. And I would imagine this over the coming weeks.
Jessops decline is due to online competition and advances in technology like camera phones, consumers are less likely to buy a digital camera as their iPhone 5 takes just as good pictures. And professionals turned to online specialists to buy their equipment.
It will be a shame to see Jessops fall, it was a place you could demo products and get good advice from. But in a struggling retail climate which other retailers will run into trouble this 2013?
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