No Lights, Camera Or Action At Jessops

Wandsworth store is one of 187 outlets closed

The doors were firmly closed at 85 St John's Road this morning. The high street chain fell into administration last week, with PricewaterhouseCoopers (PwC) appointed to find a buyer for the struggling company.

Stores began closing yesterday with a loss of 1,370 jobs, & further job losses are expected at the firm’s head office in Leicester.

Rob Hunt the appointed administrator told the BBC:
"The stock will be collected over the coming days and returned to a central warehouse. It will be returned to suppliers if they are entitled to it."

He continued:
"We will continue to ensure that employees are paid as they assist us during the closure."

Despite additional funding being made available to the company, a decline in the marketplace means Jessops has not generated the profits it had planned.

Jessops is the first high profile high street retail collapse of 2013.

January 14, 2013