THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Jessops reports increase in sales and profits

Camera retailer Jessops has reported a 3% rise in total sales to £236.8 million in 2011 as the company’s online business grew by 79%.

CITY & CORPORATE

Jessops reports increase in sales and profits

Camera retailer Jessops has reported a 3% rise in total sales to £236.8 million in 2011 as the company’s online business grew by 79%.

In the 52 weeks to 1 January 2012, like-for-like sales rose by 1.3% with EBITDA increasing by 29.8% to £5.7 million due to margin improvements and tight cost controls.

Jessops said online sales now account for 32% of its total business as 70% of online customers opt to collect their products from the stores, thereby helping the retailer to build stronger customer relationships.

The company, which operates more than 200 stores across the UK, said 2011 had been "a very challenging year" in which product supply had been disrupted by the Japanese tsunami and flooding in Thailand.

A total of six new stores were opened during the year and an additional 20 shops were refurbished. Jessops said its refurbished and relocated stores had seen sales rise by 20%. A further 25 store refurbishments are planned for this year and a new cloud storage service will be launched  in the final quarter.

Chief executive Trevor Moore said: "2011 was a difficult year for retailers and 2012 is expected to be challenging.

"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." 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019