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Jessops like for likes fall

Trading in the 12 weeks ended 16 August has seen like for like sales fall 4.7 per cent.

CITY & CORPORATE

Jessops like for likes fall

Trading in the 12 weeks ended 16 August has seen like for like sales fall 4.7 per cent.

As a result of the continued weak trading the board still expects
the business to report a loss before non-recurring charges and taxation for the year. This compares with a 4.5 per cent fall in like-for-like sales in the half year to 31 March and a 3.6 per cent fall in the eight weeks to 24 May.

Jessops said they are still in discussions over the restructuring of its debt, though due to the high level of this debt does not expect the discussions to result in any value being attributed to shareholders.

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