Jessops files for administration

Latest News

Jessops files for administration

By Peter Walker

09/12/19

Jessops has called in the administrators, putting 500 roles at risk of redundancy.

Dragons’ Den panellist Peter Jones bought Jessops out of administration in 2013, with rumours of a second administration starting in October.

The camera retailer is looking to cut costs by renegotiating rents and closing some of the loss-making stores across its 46-strong estate.

It reported to have called advisory firm ReSolve after failing to gain landlords’ approval for a Company Voluntary Arrangement (CVA).

Jessops’ main trading company, Jessops Europe, is not affected by the administration.

Parent company Jessops Group recovered from a £765,000 loss in 2017 to make a profit of £722,000 in the year to the end of April 2018, as sales rose nearly 20 per cent to £120 million.

Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras

Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.

For further information on Motorola Solutions’ retail security products, including body cameras, click here.

Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable

The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.

New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.