Last week we heard the news that the UK
camera retailer Jessops was entering administration – basically
bankruptcy – and that the company’s website had shut down the sale of
cameras. The news was dire, but it seemed like Jessops would pull out
of it and survive, if in a more limited form. Sadly this was not the
case.
Jessops has closed all 187 of its
stores, putting 1,370 people out of work. The company assures that
thes employees will be paid for their help in closing up the stores
and assist with the process. Jessops’s inventory will be sent back
to manufacturers, and that will be the end of the company’s 78 year
run.
This isn’t the first camera chain
that’s run into hard times – Ritz cameras recently shut down all of
its stores – and it doubtful that it will be the last. While online
retailers thrive, it seems that specialty brick & mortar stores
will become something of a rarity.
Related articles:
