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FORUMS Post Processing, Marketing & Presenting Photos The Business of Photography 
Thread started 09 Jan 2013 (Wednesday) 10:54
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Jessops in Administration

 
NinetyEight
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Jan 12, 2013 10:36 |  #16

I think I'll frame it and hope that one day people will ask me what it is...

As for making a claim, I think a £15 voucher will be somewhat 'at the back of the queue' :-)


Kev

  
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JohnB57
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Jan 12, 2013 11:25 |  #17

jabtas wrote in post #15478722 (external link)
You can indeed make a claim, but you come well behind the list of creditors, suppliers, HM Customs etc etc

Be very little, or probably nothing left for the customers, and the staff are right at the bottom of the list

Just about the opposite is in fact the truth.

Employees have preferential creditor status and come above just about everyone else, including HMRC, suppliers etc. Only secured creditors - those with a charge on an asset - rank higher. HMRC lost its preferred status a few years back.

I think voucher holders get no special treatment though and shareholders have basically lost their "investment". The point made above about selling vouchers during such a period is a difficult one. If they had withdrawn vouchers, it would have been a turkey voting for Christmas because everyone - employees, customers - would have cottoned on.

Administration is usually a black and white process - one day, solvent or viable, the next day, not. Often it's triggered by an external event - maybe a critical supplier withdrawing credit for example but usually it's just a straightforward accounting situation.




  
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Lowner
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Jan 12, 2013 13:13 |  #18

Not sure why anyone would buy these vouchers because surely we have all known this day was coming, even if we did know when?

But equally Jessops were wrong to offer them.

Its a sad end to what at one time was a respected company.


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NinetyEight
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Jan 12, 2013 14:27 |  #19

Richard,

Unfortunately a lot of people who are not interested in photography didn't know about Jessops' financial 'problems' over the last few years.

I did joke with my wife that i'd better spend it quick before they 'go down' when I received it on Christmas day!

Ho hum...


Now where's that HMV voucher...


Kev

  
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jock3
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Jan 15, 2013 04:22 |  #20

Vouchers are an obvious and easy Xmas present, so the timing of Jessops demise is very unfortunate as they no doubt sell more vouchers in the run up to Xmas than any other time of year and I guess there will be a lot of vouchers currently out there.
Living in Scotlands 4th city (of 7) if Jessops shut the doors here then there is in this city no camera shop left, about 4-5 years ago there were 5 !
Shopping on line has its drawbacks e.g Today I am awaiting the delivery of a new SD card which will obviously go through the letter box but the seller insists it must be signed for on arrival. Today someone will be in the house to sign for it but that isn't normally the case so big problems often getting what has actually neen ordered.


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Richard ­ G
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Jan 15, 2013 06:56 |  #21

NinetyEight wrote in post #15479601 (external link)
Now where's that HMV voucher...

And another one bites the dust today.......


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NinetyEight
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Jan 15, 2013 07:04 |  #22

Richard G wrote in post #15490827 (external link)
And another one bites the dust today.......

I didn't think it would be that quick, but could see it happening soon.


Kev

  
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JohnB57
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Jan 15, 2013 07:14 |  #23

jock3 wrote in post #15490586 (external link)
Living in Scotlands 4th city (of 7) if Jessops shut the doors here then there is in this city no camera shop left, about 4-5 years ago there were 5 !

It's not a matter of "if". This has already happened. Jessops closed all their shops on the 11th and stock will be returned to suppliers, if they still have title to it. They've gone forever.




  
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jock3
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Jan 15, 2013 11:16 as a reply to  @ JohnB57's post |  #24

Didn't realise they had alreasy closed the doors, here they weren't in a part of the city you could drive past. Sad state of affairs when its the net or nothing in a city


Most Canons currently - 1D(Mks 2&3&4), 7D gripped 50D gripped x2, 40Dgripped x2, 30Dgripped, 20D gripped, 350 gripped, 300. with L lenses

WEBSITES - http://knockhillimages​.smugmug.com/ (external link)
& http://aviationandmari​timeimages.smugmug.com​/ (external link)

  
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Jan 16, 2013 01:23 |  #25

They tended to deal with the low-mid consumer market and IMHO that market has almost been absorbed by the latest Smartphones and their 8MP cameras. 20 years ago you needed a specialist camera to take pics - even if it was a P&S - these days you don't.

As for HMV, this is yet another obvious one.

iTunes and illedal downloads now dominate for music whilst online on-demand streaming services (Netflix, Love Film stc) for movies and TV shows are increasingly commonplace, now often built-in to your new TV set.

I think that the last time I went into a HMV store was about 5 years ago - just haven't felt the need to since. The writing has been on ythe wall for several years now.


  
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JohnB57
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Jan 16, 2013 07:14 |  #26

jock3 wrote in post #15491772 (external link)
Didn't realise they had alreasy closed the doors, here they weren't in a part of the city you could drive past. Sad state of affairs when its the net or nothing in a city

My home town of Huddersfield is a similar size to Dundee and we're now in the same position in respect of camera shops, i.e. without one. Having said that, the last time I visited a Jessops store was in the Gyle Centre last year, not a helpful or pleasant experience at all I'm afraid.




  
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Jan 17, 2013 08:12 |  #27

Another problem with Jessops was that they used to have some very knowledgeable staff in the shops, and although not every member of staff knew everything, they mostly had at least one with relevant experience. A while ago I went into the Norwich branch, as they had already closed my local one, and wanted to know which camera bodies still had a PC socket, as I had been having interference problems with my wireless triggers, so that was a question on the possible upgrade requirement. So in the branch and asks the question to be told that they all do sir look, and proceeds to show me the USB port. There was no one working in the store who even knew what a PC socket was, I do not think that I should have to explain basic features of a camera to the staff in a camera shop.

At least we still have WEX in Norwich, and the staff in the showroom are really good, just like Jessops used to be 20 odd years ago.

Alan


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Jan 17, 2013 10:29 |  #28

I've had some good and some bad experiences at Jessops when buying and selling. A few years back when they still accepted and sold 35mm stuff I brought in a box of 'junk' to their store in Belfast and asked if I could trade it in towards the cost of a new lens that I wanted to buy. I told my wife if I could get £30 or £40 for the lot I'd be happy. £180 they gave me :)

Recently, a year or so ago, I went in to their store in Lisburn and asked to see the 70-200mm F4 L as I was interested in buying one. Had the cash in my pocket. Put it on a body for me and I like it so I said I'd take it. He proceeded to pack in in to its box. I asked if I could have a new one and not a display model. This was the only one they had left. Fair enough I said, what sort of discount do I get for a display model. We're not allowed to offer discounts. So told him I wasn't paying full money for what was effectively a second hand item - grubby hand marks on the barrel and lens. No flexibility lost them a sale.


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