Jessops Predicts Gloomy Outlook
Jessops, the UK’s biggest photography retailer, has predicted a rather cautious outlook for itself, against a backdrop of falling digital camera prices and flat in-store sales. The average price of a digital camera has fallen to £161 in the last year, whilst 60% of UK households already own a digicam, making it more difficult to sell ever-cheaper cameras. Jessops did increase it’s market share to 18.7%, mainly thanks to massive growth in its online business. In line with the rest of the market, Jessops sees SLR cameras as the future, with sales growing by 60% in the last year.