Jessops optimistic after stock cull

Camera retailer Jessops said today it was confident of rebuilding profits after slashing stock levels under a restructuring plan.

The retailer, which has more than 260 stores in the UK, six in the North and one in Dublin saw losses of almost £70m (90m) in its last financial year. It said today that like-for-like sales were 5.1% lower in the 25 weeks to March 22.