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United Kingdom & Ireland / Re: Jessops close to administration?
« on: January 09, 2013, 01:57:21 PM »
I'm only 23 and I wasn't around 20 years when people tell me Jessops for more for the professional photographer as well as enthusiasts. Currently it is easy to tell from looking in their shops their market is now the enthusiast. Their sales assistants are of a similar breed to those found in large technology stores such as PC World, Comet and now in administration Curries and Dixons.
The same process has happened to the outdoor leisure shops - their main focus is the middle section of the market - it is more profitable to sell 500x £250 cameras a year than 50x £2000 products.
I must say London Camera Exchange is very different and a much better place to buy as even their sales assistants have a genuine interest in photography.
I think also the presence of online shops drive the higher margins found in places like Jessops to pay for unit rent and staff salaries which in turn puts off professional photographers due to markup on products. It's a shame but something that is only going to continue into the future.
I'm now told that jessops are looking into home printing solutions - canvas etc a way to keep turning profit.
The same process has happened to the outdoor leisure shops - their main focus is the middle section of the market - it is more profitable to sell 500x £250 cameras a year than 50x £2000 products.
I must say London Camera Exchange is very different and a much better place to buy as even their sales assistants have a genuine interest in photography.
I think also the presence of online shops drive the higher margins found in places like Jessops to pay for unit rent and staff salaries which in turn puts off professional photographers due to markup on products. It's a shame but something that is only going to continue into the future.
I'm now told that jessops are looking into home printing solutions - canvas etc a way to keep turning profit.
