Skip to main content

UK retailer Jessops issues 2011 results

In what appears to be an effort to counter the recent rumor reported on several sites claiming Canon UK provided £10m for equity in the UK retailer, after allegedly citing a downward trend in sales and profit to online retailers, high-street retailer Jessops has today released "encouraging" results from the company's 2011 accounts.

Press release

Jessops 2011 Accounts

Jessops is delighted to announce its results for the 52 weeks to 1 January 2012.  In a very challenging year that saw the devastating Japanese Tsunami in March and the Thai floods in October causing severe product supply challenges, I am pleased to announce that Jessops grew sales by 3% to £236.8m with like for like sales growth of 1.3% against a digital camera market backdrop of (7)% decline.

Sales growth was accompanied by margin improvement and strong cost control resulting in an increase in EBITDA from £4.0m in 2010 to £5.7m in 2011.

Jessops has continued to drive market leading shares in the DLSR, CSC, Lens and Accessories categories and saw significant growth in the DSC category too.  Jessops experienced 13 months of consecutive market share growth in the Total Digital Still Cameras Sector*.

Growth has been delivered as a result of significant investment in staff training and knowledge, a commitment to invest in the refurbishment of the store portfolio and further development of the online platform.

During the year a further 20 “black” store refurbishments were completed and 6 new stores were opened.  The refurbished and relocated stores delivered an uplift of over 20% on pre-refurbishment sales.  The new stores have widened Jessops appeal, retaining existing customers and attracting more younger, older and female customers to the store.  Customer dwell time and visit frequency has also improved.

Jessops online business grew by 79% in the year following growth of 100% in 2010.  Online now accounts for 32% of total business with 70% of online customers choosing to collect their products in store.  This provides Jessops with an opportunity to build strong customer relationships and attach the appropriate accessories and photo services to camera purchases.

Jessops continues to drive innovation in its photo business making it more accessible to a broader customer base with initiatives such as our order online and collect at store, in-store large format printers enabling wall art to be produced within an hour, photobook design services, iPhone and iPad apps, a range of high quality instant gifts and UK and International passport photo services.  Our Photo Legacy service will land in June, enabling customers to safely scan, store and reprint old negatives and images and our cloud storage service will be available in the last quarter.

Trevor Moore, CEO, Jessops commented “2011 was a difficult year for retailers and 2012 is expected to remain challenging.  Jessops will continue to develop its knowledge and service based proposition by investing in its people.  We will work to optimize our store portfolio and invest in a further 25 store refurbishments.  The online platform will be evolved to include a new mobile and integrated photo platform.  Jessops will continue to work closely in partnership with its suppliers to present new technology and innovation to the market with the aim of being the best channel to market for our suppliers and the first choice destination for all our customers imaging needs.  We remain cautiously optimistic in the outlook for 2012.”

* According to the GfK Photo Panelmarket April 2011 to April 2012 in value terms, compared to the same period the previous year. Total Digital Still Cameras is the aggregation of DSLR, CSC and Compact


  1. nice posting.. thanks for sharing..


Post a Comment

Popular posts from this blog

Hasselblad H4D-60 review

UPDATE 18 May, 2012: Hasseblad is set to reduce the price on the H4D cameras by as much as $11,000 / 6,200 Euros on the H4D-60, bringing the price to 23,900 euros ($30,995 / £21,995). Please see here for more details.

The last couple of decades have been turbulent for medium format camera manufacturers, but now after several well-known names have withdrawn, the market looks healthy. Two new unexpected entrants, Leica and Pentax have added to the dynamic at opposing ends of the pricing scale, forcing the two established system players to compete fiercely in their traditional rarefied role as well as the entry-level.

Partnering with both Leaf and Mamiya, Phase One has developed a trio of entry-level Mamiya DM models starting at under $14k/ £9k while continuing to offer a wide range of Phase One and Leaf backs, up to 80-megapixels. Through various offers and incentives these backs, are most likely to be partnered with the 645DF body but they are in fact compatible with a wide range of …

Mitsubishi CP-D70DW dye-sublimation printer review

Roll-fed dye-sublimation transfer printers are often used in photo-kiosks but with their fast operation and touch dry photos, they’re also the printer of choice for event photographers.

Mitsubishi Electric CP-D70DW


£1214 (£999 ex VAT) $1,399.95
Mitsubishi Electric;
Mac OS X 10.5 or Windows XP later
Print quality, job times, low media costs, durability, build, noise levels
Noise levels, paper handling niggles, colour profile on request

Buy at Adorama Camera (US) at $1,279.95, plus mail-in rebate available. Buy at Amazon US (sold by Adorama).

Buy the Dual deck CP-D70DW at Adorama now at $1,939.95, plus mail-in rebate (was $2,950).


Unlike the process of dithering liquid ink in an inkjet, dye-sublimation printers produce authentic continuous tone images with an analogous look like that of a conventional lab-produced print. They achieve this using thin c…

Fujifilm IS Pro UV-IR DSLR review

Fuji’s IS Pro is the up-date to maker’s earlier S3 UV-IR camera, and like that particular camera, the IS Pro adopts a modified image sensor that’s not shielded from UV or IR light. Consequently, with various filtration methods, the IS Pro is designed for Ultraviolet (UVA), visible and near Infrared photography.

Although there is a healthy demand for DSLRs with IR capability especially, and there are number of independent vendors (mainly in the US, but the UK also) that offer IR dedicated and full-spectrum conversion of current Nikon and Canon bodies, it’s anticipated the IS Pro will appeal largely to the scientific and forensic communities. With the departure of the S3 UV-IR, Fuji’s IS Pro continues to be the only dedicated full-spectrum interchangeable lens based DSLR that has professional-level support from a camera maker. As well as official product support and 12-month warranty, for government agencies and the like, the OEM status of the IS Pro will be particularly reassuring an…