Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.78 - Other retail sale of new goods in specialised stores

1,370 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2013
Employment effect (start)
Foreseen end date

Description

Photographic retailing company Jessops has gone into administration, resulting in the loss of 1,370 jobs. All 187 stores have shut down. It is reported that the chain has been negatively affected by competition from supermarkets and online retailers and declining demand. The immediate closure comes as a result of a break-down of negotiations with suppliers.


Sources

  • 11 January 2013: BBC News

Citation

Eurofound (2013), Jessops, Closure in United Kingdom, factsheet number 74756, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74756.