JESSOPS, Analysts have Predicted that ***

ttk
Posted 09/01/2009 - 16:22 Link
To day in the BJP dated 07-01-09 and other photo mags that Jessops have been predicted by analysts to share the same fate as Woolworths.

Jessops have refused to show figures of there trading up to the end of Sept 08 untill end of Jan 09.

Looks like this is why Jessops are no longer trading with Pentax, maybe Pentax can see the writing on the wall.
Tel,
Hardgravity
Posted 09/01/2009 - 17:28 Link
So when does the closing down sale start?
Cheers, HG

K110+DA40, K200+DA35, K3 and a bag of lenses, bodies and other bits.

Mustn't forget the Zenits, or folders, or...

PPG entries.
loskeran
Posted 09/01/2009 - 18:19 Link
My experience with Jessops local store is no stocks of much other than the camera of the moment and most staff that have no idea about photography .
The other main moan is the very high prices they charge.
Now Pentax are doing their own marketing, not via “Intro20-20” we may see a much better service.
I also note Pentax are doing an outlet on “Ebay” with surplus.
ttk
Posted 09/01/2009 - 18:41 Link
Hardgravity wrote:
So when does the closing down sale start?
Great minds think alike..
Tel,
misiek_knm
Posted 09/01/2009 - 21:39 Link
Interestingly, today I read an article on BBC:
"JD Sports and Jessops sales rise... "
http://news.bbc.co.uk/1/hi/business/7819452.stm
Kind regards,
Michal R. Hoffmann
K20D, DA 16-45mm, A 50mm F/1:1.4, DA 55-300mm; flash Pentax AF240Z
Daniel Bridge
Posted 10/01/2009 - 00:30 Link
"Although Jessops saw a Christmas boost, it said sales in the 14-week period ending 5 January were down 5.6%"

"Jessops said in the five weeks to 5 January, like-for-like sales rose 3.1%, although the company warned that its profit margin had been hit."

They were (are?) apparently selling Canon 450D at below cost price. That's obviously not sustainable.

Dan
K-3, a macro lens and a DA*300mm...
Hyram
Posted 10/01/2009 - 08:34 Link
As the old saying goes "turnover is vanity, profit is sanity".

Never chase turnover without profit.
Hyram

Bodies: K20D (2), K10D, Super A, ME Super, Auto 110 SLR, X70, Optio P70
Pentax Glass: DA* 300, DA* 60-250, DA* 50-135, DA* 16-50, DA 70 Ltd, FA 31 Ltd, DA 35 Ltd, DA 18-55 (2), DA 12-24, DA 10-17, M 200, A 35-70, M 40, M 28, Converter-A 2X-S, 1.4X-S, AF 1.7, Pentax-110 50, Pentax-110 24
Other Glass: Sigma 105 macro, Sigma-A APO 75-300
Flash: Metz 58 AF-1 P, Pentax AF160FC ringflash, Pentax AF280T
stevejcoe
Posted 10/01/2009 - 09:06 Link
Hyram wrote:
As the old saying goes "turnover is vanity, profit is sanity".

Never chase turnover without profit.
I agree, but as I have been reminded many times cash flow is reality

Steve

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