Jacobs goes into administration

I saw a tweet from British Journal of Photography last week confirming that Jacobs has gone into administration, and will close all but one store with immediate affect.

This is sad news. What I find strange is that a chain like Jessops can continue to trade, and trade well judging by the further store they’ve just added on Oxford Street, and yet Jacobs has failed, despite always seeming to be the ‘better’ shop, with staff who seemed to actually be photographers, rather than just retail assistants.

It was rumoured Calumet might come in and make an offer, but this doesn’t seem to have materialised.