1,377 jobs go as Jessops shuts
Administrators are to close all of the failed camera chain Jessops' stores, with the loss of 1,377 jobs.
Administrator: 'Extensive discussions' failed to save Jessops
Jessops administrator Pricewaterhouse Cooper said it held "extensive discussions" with suppliers, but it was apparent that the camera chain could not continue to trade.
PwC's Rob Hunt said stock would be collected from the shops and taken to a warehouse, where it would be returned to suppliers.
As a result of the closure of the shops, Hunt added that customers would not be able to return products.
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Jobs threatened as Jessops goes into administration
Some 2000 jobs have been put at risk as camera chain Jessops became the first retail casualty of 2013, with store closures "inevitable".
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Jessops could become first high street casualty of 2013
Jessops looks set to become the first high street casualty of 2013 as the retailer is understood to be on the brink of administration.