Jessops Posts £19.1 Million Loss
UK photographic retailer Jessops has reported a loss of £19.1 Million for 2008. This follows a loss in 2007 of £9.3m. Like for like sales for the year ended 30 September 2008 were down 6.5% year on year. The compact camera market was up 7.3% in volume but down 5% in value and the DSLR market was up 16.1% in volume and 19.3% in value. David Adams, Executive Chairman, said: “It is not clear when economic conditions will improve but the combination of our strong market position, solid relationships with suppliers and continuing cost reductions should ensure that Jessops is in the best position operationally to deal with the very difficult economic conditions in which we are operating.”



#1 Matt
I never buy from Jessops! Like most of my photographer friends we just use Jessops to get hands on with the latest gear before buying them at upto £100 cheaper online.. If Jessops would stop extortionately over pricing their goods they would probably get more sales from casual photographers and not just newbie’s that they can con into paying more.
11:38 pm - Sunday, February 1, 2009
#2 Nick G
To be fair to Jessops, they have been a lot better over the past year on pricing... example would be the Canon 40D was about £610 (then £100 cashback) which was around April when I was shopping for one. Now this was cometitive... They do need to sort out the small stuff like mem cards! When I got my last 8gb extreme III for about £35 online, I think it was £150 in Jessops! Now this is what gives them a bad name.
Nick.
10:24 am - Monday, February 2, 2009