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Has anyone seen the BBC Business website news?
BBC
Now trading at 54p!!!!!! In the past year they have traded above £1.50! Ouch!
Not just Jessops suffering, whole stock market is taking a battering.
The jessop situation is a bit worse though... not may companies have lost 50% of thier value, even this week
They are saying that the management of Jessops have lost investor confidence... it may me someones head on the block... is that deserved?
The grapevine has it that they (Warehouse Express) are up for sale. Not sure yet if it was always their managements exit strategy or not... Jessops have to act soon to recover their situation.
At Jessops current share price I don't think they could afford the stamp to send the cheque :o)
Detect just a little bit of glee from some of you guys at Jessops current misfortune. However theres lots of people, me for one, who made their first foray into photography through purchasing from jessops, and thats got to be a good thing for all concerned, from manufacturers to users to forums. Now I have slightly more knowledge of the camera retail market they would not be my automatic 1st stop, but I was happy with my dealings with them, and they are in existence to make a profit. So before anyone has a little smirk at the news remember what they may have done for people like me, and more importantly, think about the 100`s of people who work and earn their living from Jessops. And no, I, nor any of my relatives or friends work for Jessops.
Not surprised........They are too big. Have too much presence in the high street, bet everyone of their shops has lost money this year. Would think they are all rented as well.
Col
It's certainly not glee because of some of the reasons you give BUT ever since the Jessops family handed over their business to the 'new' management/owners, Jessops has just become more & more just like for example, Dixons (DSG). It's been a decline to me. Their High street strategy has been buying up older established photo equipment retailers & then focus on subjects such as footfall, square footage etc...
I suppose its about satisfying Jessops shareholders these days rather than it's customers needs for support beyond warranty periods?
Its hardly surprising though. I don't think I have ever had a good experience with Jessops, They're overpriced & never have what you want in stock. Half the time have no clue whatsover, when in to get my sigma 70-300. They eventually came out of the back store with a Tamron, not much difference!!
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