Thursday, June 21, 2007

EXPENDITURE STRATEGY - JESSOPS

Photographic retailer Jessops had pre-tax losses of £25.2m for the six months to 1 April.

So it plans to save £15m by:
a) closing 81 and relocating 3 of its High Street stores and
b) cutting 550 jobs.

Some shutters down + some lay offs = some expenditure reprieve

[Click here for full story at: BBCNEWS.COM]

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