Retail Week report Jessops going into administration.

Started 4 months ago | Discussion thread
KieranGee
New MemberPosts: 12
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Re: Retail Vultures
In reply to Matt Archer, 4 months ago

Matt Archer wrote:

KieranGee wrote:
We aren't closing. Not yet. You are confusing administration with liquidation.

I take it that all branches suddenly closing down today means there'll be no big clearance sale?

It'll probably be someone like DSG who buy up all the stock for a song rather than Jessops customers and their gift cards.

Nope, no fire sale of our stock. I'm pretty sure that nearly all of it will go straight back to the suppliers, so I seriously doubt that anybody will be paying a song for it.

I am super gutted for all the people out there with gift cards that are now worth less than the plastic they're made of, given that this is just after Christmas, it couldn't have happened at a worse time in terms of numbers of cards out there.

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