UK retail chain Jacobs closes down all stores

The camera retailer will be closing, with immediate effect, all of its branches except for its Leicester-based store, which will be used for clearance. The move will cause the loss of 87 jobs after a buyer for the business failed to materialise, says the administrator. “Twenty-five staff will be retained (18 in the head office and seven in the Leicester store) in the short term.”

First established in 1939, Jacobs has been the victim of the economic slowdown and “a shift in purchasing toward internet-based retailers,” says the administrator.

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