Join the debate: The future of camera stores
Do you think the collapse of Jessops signals the the beginning of online-only camera purchasing?
The beginning of 2013 brought with it the sad news that high-street camera retailer Jessops had gone into administration. The company was forced to close its 187 stores, resulting in the loss of about 1,370 jobs, and trading has also ceased on the firm’s website.
The collapse of Jessops came after the company reported a huge £5.2m loss in 2012. A decrease in demand for digital cameras due to the improving quality of smartphone cameras has been mentioned as one possible reason for the fall in sales. However, many having been pointing the blame at competition from online retailers, with Jessops unable to match their low prices.
Of course, it is not just Jessops that has suffered, as the UK’s largest independent photographic chain, Jacobs, collapsed in June 2012, followed by electrical retailer Comet at the end of last year.
So could the closure of these bricks-and-mortar camera retailers signal the the beginning of online-only purchasing? Or do you think camera retailers will always have a place on the high street?