After Comet failure, three more high-street chains bite the dust: Hmv, Jessops and Blockbuster.
This year is already shaping up to be another rough ride for Britain’s high-street retailers, as three major chains go under within the first 16 days of 2013.
First to fail was photographic retailer Jessops, which was founded in Leicester in 1935.
The company went into administration ( a form of corporate insolvency) on Wednesday, 9 January. Within two days, administrators PricewaterhouseCoopers decided that Jessops could not continue as a going concern, so it closed the chain. As a result, 187 stores shut down, costing 1,370 jobs.