Local Weather

Partly Cloudy

Partly Cloudy

max temp: 19°C

min temp: 10°C

Five-day forecast

Stratford Jessops store could face closure

Wednesday, January 9, 2013
4:50 PM

A Stratford branch of camera retailer Jessops could close in Newham after the business went into administration.

To send a link to this page to a friend, you must be logged in.

The troubled brand reported a “significant decline” in custom in 2012, a gloomy forecast for 2013, and a drop in profits in the run up to Christmas.

Currently the future is uncertain regarding jobs at a Jessop shop in the Westfield Stratford City shopping centre but PricewaterhouseCoopers (PwC) have been appointed joint administrators and more details should emerge over the next couple of days.

Bosses add that Jessops is not in a position to honour customer vouchers or to accept returned goods at the present time.

Rob Hunt, joint administrator, said: “Our most pressing task is to review the Company’s financial position and hold discussions with its principal stakeholders to see if the business can be preserved.

“Trading in the stores is hoped to continue today but is critically dependent on these ongoing discussions.

“However, in the current economic climate it is inevitable that there will be store closures.”

Share this article

0 comments

Local Search 24
Looking for a:
Location:
Search radius:
Click here to read the Digital Edition of the Ilford Recorder on screen
Use our Wedding site to help you plan your big day!
At WeddingSite we know how much you have to organise for your wedding day, that's why we have designed a set of FREE, simple-to-use tools to make the planning process easy & hassle-free. FIND OUT MORE
Find a date using our online dating and friend finder
You can meet new friends, find romance or simply meet up online with people sharing similar interests and hobbies. FIND OUT MORE
Find a local business using our online directory search
Need a plumber? Or a florist? Or anything else? Search our business directory to find Ilford businesses in just a few seconds. FIND OUT MORE
Family notices from the Ilford Recorder, with readers' tributes
In memoriam, birthdays, weddings, anniversaries, best wishes & special days. FIND OUT MORE

Around the Web See all