Dragons' Den star Peter Jones has chosen Birmingham as one of the places to relaunch camera retailer Jessops today.
Some 2000 jobs have been put at risk as camera chain Jessops became the first retail casualty of 2013, with store closures "inevitable".
Jessops looks set to become the first high street casualty of 2013 as the retailer is understood to be on the brink of administration.
A charity that helps people in the retail sector says a quarter of the calls to its helpline in the last week have come from former Jessops employees.
The Leicester-based camera company went into administration last Wednesday but on Friday the administrator closed the firm's 187 shops, including 20 in the Midlands.
The firm is based in Leicester and started in the city in 1935. Now the Retail Trust says it can provide help and support to 1,300 staff who lost their jobs.
A Jessops store in Birmingham has placed a sign in its window informing customers that the shop has now closed.
The national chain announced yesterday that the company had official gone into administration leading to the loss of 230 jobs in the Midlands.
The group, which has had its headquarters in Leicester since 1935, has suffered from online competition and the boom in camera phones in recent years.
– Martin Traynor, Chief Executive of the Leicestershire Chamber of Commerce
"We're hugely disappointed but we also recognise that the business was in great difficulty and was adversely affected by internet trading. Unfortunately for Jessops, the ability to buy cameras online has had a dramatic impact on the firm."
Leicester-based Jessops is closing all 187 of its stores across the UK. Administrators made the announcement this afternoon.
More than 1300 jobs across the country will be lost - 230 of those right here in the Midlands. And more are likely to go at the group's head office in Leicester. Our Business Correspondent Mark Gough reports.
Customers and former employees of the failed camera chain Jessops have taken to Twitter to lament the closure of the retailer:
Can't believe #Jessops is to close.. Was a good place to work.. My first retail job when I was 16.. Feel sorry for friends losing jobs..
Goodbye to #Jessops I understand why trading is tricky with mobile phone cameras and online stores, but they've served me well each time
Very sad about #Jessops closure tonight. They have looked after me well over the years, always has great customer service. Such a shame.
Administrators are to close all of the failed camera chain Jessops' stores, with the loss of 1,377 jobs across the UK and Ireland. The majority of the job losses will be in the Midlands and London. The regional breakdown is as follows:
- East: 175
- South East: 131
- South West: 174
- North East: 106
- North West: 113
- Ireland: 30
- Scotland: 96
- Wales: 32
- Midlands: 230
- London: 290
The Administrator for the camera chain Jessops say he's had several inquiries from potential buyers but that shops will still close and jobs will be lost.
The company which has its headquarters in Leicester has suffered from online competition and advances in camera phones. Jane Hesketh reports.
The Leicester based camera retailer Jessops has gone into administration. It puts 2,000 jobs at risk as the company's administrators, Price Waterhouse Cooper, say that store closures are 'inevitable'.
Shoppers in Leicester are sad to see the store struggling.
The Leicester based camera chain, Jessops, has become the first high-profile retail casualty of 2013.
Its administrators, Price Waterhouse Cooper, has said that store closures are 'inevitable'.
The retailer has 192 stores across the UK. It puts 2,00 jobs at risk.
Questions are now being raised on the impact this will have Leicestershire's economy.
Louise Cooper, financial expert spoke to ITV Daybreak about the issues that specialist retailers face.
She said that retailer Jessops has suffered from the smart phone camera, and that an online offering could be a way for it to move ahead.