The closure of high-street photographic chain Jacobs is set to cost lens-maker Sigma u00a31m a year in lost UK business.
Sigma Imaging UK general manager Graham Armitage revealed the extent of lost trade during comments on the impact of the UK’s ongoing recession on lens sales.
Lamenting the loss of Jacobs, a 19-store business which shut down in the summer after 73 years, Armitage told Amateur Photographer (AP): ‘Jacobs was our third largest customer.
‘That’s £1m a year disappeared and, probably more importantly, 19 good shops with 19 sets of knowledgeable staff… adding value to the product and servicing your [AP] readers.’
‘It’s amazing how many retailers we are losing on the high street.
‘This is not temporary, they are not coming back,’ he warned.
Graham Armitage was speaking to AP at photokina 2012 in Cologne, Germany.