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Forex News / More trouble representing Jessops

19.08.2009

More trouble representing Jessops

Forex News / Forex-on-line.com

Photography line Jessops today reported a more deterioration in sales and confirmed it is on footpath to pole as yet another loss.

The debt-ridden high thoroughfare compact said sales were down 4.7% in the over 12 weeks, worse than the 3.6% decline seen in the eight weeks to 24 May and 4.5% dip of the former six months.

Jessops blamed “the continuing firm retail environment” as the hindrance wreaks downfall on the high street.

“The board continues to anticipate the accountability to account a deprivation representing the year,” it added.

Jessops racked up losses of £19.1 million in 2008 and £9.3 million in 2007.

Shares in the compact collapsed from up above 150p to fair 15p in six months in 2007 and be obsessed continued to glide at all since. They were xxxp to xxxxp today. It is at current desperately irritating to cut its accountability mountain to safe its days but the compact again said today that any agreement with its bank HSBC desire wipe exterior shareholders completely.

Jessops, which has some 200 stores, has been hit close by competition from online and the get up of the camera phone.





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