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Camera retailer Jessops improves margins to offset poor sales
May 29 2008 by Tony McDonough, icNorthWest
Camera retailer Jessops today says it is on a sounder footing after efforts to improve margins helped compensate for a sharp fall in sales.
The firm says revenues in the six months to March 31 fell almost 25% to £134.8m after it shut 81 stores in the period.
Like-for-like sales also dropped 5% in a tough climate, but a sharp improvement in profit margins means Jessops’ operating loss narrowed to £2.9m from £6.3m last year.
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