All Jessops articles – Page 7
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NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
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NewsJessops completes debt for equity swap to ensure survival
The UK’s largest camera specialist Jessops has unveiled a survival deal which secures 2,000 jobs but leaves its bank owning almost half of the retailer.
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News
Retail suffers as gloom outweighs IPO hopes
General retail stocks headed south and underperformed the market, despite rising speculation that a raft of IPOs - including a £1.7bn flotation of fast fashion group New Look - looks likely in the new year.
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NewsJessops hires chief executive as restructuring nears end
Jessops has appointed Select Property managing director Trevor Moore as chief executive while questions continue over the retailer’s future as a quoted company.
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NewsJessops like-for-likes down 4.7%
Jessops has reported like-for-like sales down 4.7% in the 12 weeks ending August 16, against the continuing difficult retail environment.
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GalleryJessops has high hopes for its new-look London store
VIDEO: Jessops is hoping its refurbished central London flagship will provide a stimulus for wider change at the chain.
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News
Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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NewsJessops shareholders unlikely to see return
Jessops has reported a loss of £5.9m in its first half and said that while it was still working “towards a solvent solution for the business” it does not expect “any value will be attributed to shareholders”.
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NewsJessops unveils new-look flagship store
Jessops has unveiled its new-look flagship store on London’s New Oxford Street as part of plans to turn the beleaguered retailer around.
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News
Jessops wins concessions on swathe of properties
Jessops renegotiated rental terms with half its landlords by Wednesday’s quarterly rent day, which was the retail sector’s toughest payment day in 18 years.
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News
Jessops says it will pay quarterly rent bill
Jessops has said it will have no problem meeting its quarterly rent bill that is due this week after speculation cast doubt on the retailer’s ability to pay.
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News
Restructuring officer installed at Jessops
HSBC is understood to have placed a chief restructuring officer at Jessops as the downturn continues to take its toll on the camera specialist.
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News
Jessops losses widen
Camera specialist Jessops has reported widening losses in its full-year results as the digital camera market showed a sharp slowdown.
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News
Jessops festive like-for-likes up 3.1%
Jessops has reported a strong performance over Christmas despite the “challenging market conditions”.
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News
Jessops extends its banking facilities
Photographic retailer Jessops has agreed an extension of its banking facilities to the end of 2011.
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News
Jessops pins recovery hopes on three new store formats
Jessops believes three new store formats could improve its fortunes, despite revealing a 5.5 per cent slump in like-for-likes in the 41 weeks to July 13.
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News
Jessops warns on profits
Camera specialist Jessops has warned that losses this year will be worse than last year, as tough trading conditions continue to bite.
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News
Morgan Stanley turns positive, but upbeat sentiment shortlived
Bullish noises from Morgan Stanley bolstered sentiment towards store groups, but food and general retailers’ shares moved little over the week.
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Opinion
Jessops at last regains its focus
Camera specialist Jessops is finally catching up with the sector in which it operates. Selling cameras – which these days are updated at a similar rate to mobile phones – requires a fast-paced and flexible operation. And that is what executive chairman David Adams is striving to achieve.
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News
Jessops sales plummet after stores close
Struggling camera chain Jessops sales slumped 24.7 per cent to 134.8 million in the six months to March 30.