Home / Channel / Jessops in administration – shutter closes

Jessops in administration – shutter closes

One of the oldest camera retailers in the world is desperately on the ropes. KitGuru takes a look at Jessops' predicament and likely outcomes.

Established in 1935 by Frank Jessop in Leicester, more than 2,000 people work for the chain and all of their jobs are now at risk.

The news comes after 6,000 people were given the bad news about their jobs at electrical retailer Comet, just before Xmas.

HSBC has been trying to do everything it can to support Jessops, but the problem is that there are too many stores – paying too much rent – to be in the all important high street locations you need to run a photography business.

The most positive solution could be for a takeover bid, which results in the closure of all the least profitable stores and a huge cut in workforce.

That's the most positive.

The worst case scenario is that no one thinks the brand name has equity and it fails completely – like Woolworths.

Camera giants like Nikon and Canon will hardly notice Jessops going. All of the products stocked in their stores are available online for less.

KitGuru says: Following the collapse of the Jacobs photography chain earlier this year, the bad news from Jessops puts a lot of camera enthusiasts in a difficult situation. KitGuru asks, “By browsing in the high street, then purchasing online, have photographers shot themselves in the foot?”

Comment below or the KitGuru forums.

Become a Patron!

Check Also

Montech HyperFlow Silent 360 AIO Cooler – UPDATE 16 March 25

As some of you may have seen, this week we published a review of the Montech HyperFlow Silent 360 AIO cooler, both on the KitGuru website and our YouTube channel. In this review we explained that the HyperFlow Silent 360 AIO cooler has some issues in regards to the new AMD mounting system that Montech adopted...

One comment

  1. Thanks , I have recently been searching for info about this subject for a long time and yours is the
    greatest I’ve came upon so far. However, what concerning the bottom line? Are you certain in regards to the source?

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!