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More retailers fighting for survival


NeilT
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More retailers fighting for survival

Jessops

Who are they? High street and online camera specialist.

Financials Total sales of £325.5m

Jobs Nearly 3,000

Issues Jessops is battling substantial debts and tough trade on the high street, where it faces high rents and competition from big-box rivals and the grocers. Sales of cameras are declining as more customers take pictures with their mobile phones.

Opportunity Jessops has signed an extension of its banking facilities to 31 December 2011, which is on significantly reduced interest rates. There are few, if any, high street retailers that offer its level of specialism. Itsonline sales are growing.

More details on other companies ->  http://www.independent.co.uk/news/business/news/more-retailers-fighting-for-survival-1208549.html

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