Administrators for high-street photo retailer Jacobs have closed the chainu2019s remaining stores, bar one which will remain open, temporarily, to deal with stock clearance.


NEWS UPDATE:

Jacobs has today shut 11 stores with the loss of a further 87 jobs.

The Jacobs branch at London Road in Leicester will remain open to handle stock clearance, until a date yet to be confirmed, according to the firm’s administrator PKF.

In a statement, PKF said: ‘The remaining 11 stores in the group will close today with the loss of 87 jobs after a buyer for the business failed to materialise.

‘Twenty-five staff will be retained (18 in the head office and seven in the Leicester store) in the short term.’

Eddie Kerr, a partner at PKF, added: ‘This is a terribly sad situation, to see a long-established family-run business close down.

‘Unfortunately, this is an increasingly frequent situation, particularly in the retail sector, where trading conditions have never been tougher.

‘We had hoped to sell on some of the stores but, unfortunately, the market is the same for everyone and is likely to remain this way until the economy starts to show some signs of recovery.’

Jacobs went into administration on 1 June.

Customers should deal directly with manufacturers regarding product warranties, according to PKF.


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Amateur Photographer (AP) understands that administrators had hoped to sell the business as a going concern to photographic dealer Calumet, but negotiations collapsed yesterday.

On 8 June Jacobs shut down seven of its 19 stores and axed around a third of its 154 staff.

The family-run business was founded in 1939.

AP understands, from sources close to Jacobs, that the company’s flagship store in Leicester is to remain open to deal with stock clearance.

Accountancy firm PKF, which is acting as Jacobs’ administrator, is set to release an official statement later this morning.

More soon…

 

The Jacobs store in New Oxford Street, London – pictured here on Saturday – is among the casualties

[Pic credit: C. Cheesman]

  • Gary Pollard

    I was manager at their Doncaster store a few years ago, but saw how badly it was run & left. Sadly a few months later shop was shut. Internet will kill High Street & make many towns Ghost Towns.

  • carl

    I think peoples appreciation for quality has fallen. Technology and blinding specifications seem to impress more than real life experience and knowledge. Hope the good staff find new ways of passing on their skills.

  • Paul Furey

    another quality retailer bites the dust. It won’t take long before customers realise that although they can get products cheaper on the internet they can’t get the back-up or advice they require with technical items.

  • beth

    they simply charged way too much, complacent despite not matching the internet. you walk into their stores and half the time you were talked down to by someone sales driven (with often with less knowledge)as opposed to reaching a deal

  • Bill

    It’s always very sad to see yet another photographic shop close down. Especially one which was starting to provide a bit of competition to the virtual monopoly Jessops now have in most UK towns ans cities.

  • classcams

    Good riddance to bad rubbish. I bought a Nikon SB700 flash. Not thinking I paid £269 for it. That was more than Nikons official price. I have the receipt to prove it.

  • Ivorcamera

    Its the sign of the times people just dont know how bad it is out there, its not just in this country its happening all over Europe, but as I said in a earlier statement people are buying of the net because it is cheaper and that dont help…..its just another sad chapter in photo shops and there is more to come, watch this space..

  • Alan, over eighty

    Very sad. Its alright purchasing on line but with a camera one wants to handle it and see if it fits. To give one example its practically impossible to try out EVFs as no one stocks them, so one is buying blind, forgive the pun, as we recently found out to our dissapointment. Basically its the fault of manufactures who must be giving differnt terms to different suppliers. When I first purchsed a camera seventy years ago, prices were the same, no matter where you brought it. Contrast this today with the much lowr prices abroad, compared to GB.

  • Mark Amies

    You cannot tweet this, it is too long!!

  • Fenris Oswin

    It is a real shame, I’ve been using them since I started taking photographs. My first SLR came from one of their shops. Since being down South I’ve always used the New Oxford Street store. Fantastic staff, friendly, chatty and very knowledgeable. Been shopping there so long that I knew quiet a few of the staff on first name terms. Will miss them on the high street 🙁

  • Geoffers

    R.I.P.

  • Baz

    Really sad.It will greatly missed.Enthusiastic and very knowledgeable staff.