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.”
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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.”
