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BLOODBATH WARNING FOR RETAILERS
HAPPY CHRISTMAS
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THE RETAIL SECTOR IS SET FOR A REPEAT OF LAST YEAR’S CLEAR-OUT ON THE HIGH STREET, WITH OVER 20 Whether you're a turkey and tinsel
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F HOUSEHOLD NAMES LIKELY TO DISAPPEAR EARLY NEXT YEAR, ACCORDING TO INSOLVENCY TRADE BODY R3. lover or a grumpy humbug, all the
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team at Pixel Magazine would like
MM In the first few months of 2009, increased takings over Christmas. aggression in the New Year leaves the to wish you a very merry Christmas,
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around 22 well known high street Compounding these factors, 76% of retail sector facing another bloodbath. a happy New Year and a fantastic
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retailers went into insolvency. A insolvency experts believe rising “While it would be comforting to think season's trading.
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recent survey of R3’s insolvency unemployment will result in less that the worst of the downturn is over, Crack open the festive cheer, grab a
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I experts predicts 23 household names consumer spending. 86% predict this it’s worth remembering that insolvency handful of
MM face the same fate in the first few decrease in spending will in turn push peaks after a recession ends. Quality
months of 2010. many retailers into insolvency in early “We urge retailers to seek advice early Street and
Reflecting on why the New Year 2010. when there is a better chance of rescue, settle down
period is so devastating for retailers, There are signs of economic recovery, rather than desperately clinging on, to this
90% of R3 members say retailers but retailers are warned not to take this hoping that Christmas will cure all ills. bumper
deliberately delay starting insolvency as a sign that insolvency is out of the The recent case of creditors agreeing a issue of
proceedings until the New Year, question. CVA in the case of Blacks Leisure shows Pixel.
hoping they will recoup the money Southern regional chair of R3, Andy there are insolvency and rescue
over the festive period. More than Beckingham says: “Rising procedures available to stave off
half of insolvency experts believe unemployment and decreased liquidation. These procedures could CONTACTS &
creditors also hang back, hoping spending in the lead up to Christmas help many businesses currently in the CREDITS
they’ll receive higher returns due to coupled with heightened creditor ‘at risk’ zone.”
EDITOR
MANUFACTURER NEWS
Laura Knight Tel: 01323 433701
l.knight@parkview-publishing.co.uk
PHOTO ME APPOINTS NEW CEO
EDITORIAL ASSISTANT
Julie El’Roubi Tel: 01323 433706
julie.er@parkview-publishing.co.uk
Photo-Me has announced the Welcoming Richard Seurat to Photo- representing 0.03%
PRODUCTION MANAGER
appointments of Richard Seurat as Me, Hugo Swire, Chairman, said of the shares in issue. Clare Fermor Tel: 01323 433700
Chief Executive Officer Designate and "After what has been an exhaustive The Board of Photo-
clare@parkview-publishing.co.uk
Emmanuel Olympitis as a non- search, we are delighted to have found Me is now made up SUBSCRIPTIONS
executive Director and Chairman of the a candidate so well-qualified to take the of Hugo Swire (non-executive
Julie El’Roubi Tel: 01323 433706
julie.er@parkview-publishing.co.uk
Audit Committee, with immediate effect company forward. Richard Seurat Chairman), Serge Crasnianski (Deputy
from 1 December 2009. could not have a better introduction to Chairman and Joint CEO), Richard
ADVERTISING
Lee Mansfield Tel: 01323 411601
Until the completion of his induction into the Group than to work alongside Seurat (Joint CEO), Françoise Coutaz-
lee@pixelmagazine.co.uk
the Photo-Me Group on 30 April 2010, Serge Crasnianski, who continues to Replan (GFD), John Lewis (Senior Simon Skinner Tel: 01323 433707
Richard Seurat will be Joint CEO, make such an important contribution to independent non-executive Director),
simon.s@parkviewmedia.co.uk
together with Serge Crasnianski, who the Group." Upon appointment, Dan David (non-executive Director) and Rob Collyer Tel: 01323 433705
has more than 45 years' experience in Richard Seurat has an interest in Emmanuel Olympitis (independent non-
rob@parkview-publishing.co.uk
what is now the Photo-Me Group. 118,000 shares in Photo-Me, executive Director). MANAGING DIRECTOR/
PUBLISHER
Lee Mansfield
A CLOSER LOOK AT BINOCULARS
Park View House, 19 The Avenue,
Eastbourne, East Sussex BN21 3YD
Tel: 01323 411601
An often forgotten market by the consumer of today, potentially grow strongly –
lee@pixelmagazine.co.uk
binoculars and sports optics always has been and especially with the resurgence
MARKETING DIRECTOR
remains a tidy profit earner for retailers in the UK. of holidays, camping or
Simon Skinner Tel: 01323 433707
simon.s@parkviewmedia.co.uk
Volume sales may have dropped somewhat over the travelling in the UK as opposed
past few years – sales in October 2009 of 19,000 to abroad. The growth has been led by photo
MEDIA DIRECTOR
Linda Grace Tel: 01323 433704
units are broadly 10% down on the figures from retailers, with mass merchandisers lagging behind
2006, but interestingly sales in the shorter term are
ACCOUNTS
with a growth rate of less than half that in the photo Caroline Morley Tel: 01323 433703
showing more promise. The current quarter to channel. Undoubtedly, photo retailers are
caroline.m@parkview-publishing.co.uk
October has seen growth of 7% in units and around destination stores at the moment, indicated by the PRINTERS
6% in value on the same period in 2008 – a positive fact that photo and imaging products recorded the
The Ghyll Print, Heathfield,
East Sussex
performance in a retail environment where precious strongest growth of any GfK tracked category – up No part of this magazine may be reproduced by photographic, electronic or
mechanical means or stored in a retrieval system or republished in any form,
few products are in growth currently. Average prices 7.5% in value on last year. Clearly October of 2008
without the written permission of the publishers. © 2009
© Copyright 2009 Pixel magazine
for specialist retailer hover around the £130 mark, was when the market took a nosedive with the onset
with little change over the past year, and generalist of the credit crunch, but it’s positive to note that that
retailers selling at a far lower price point of £30 or with the slight recovery in consumer confidence,
so. With less than a quarter of a million units sold in spending on photo products is
the UK over the past year, this is a market than can seemingly at the top of the list for many.
Matt Gibbs, GfK Account Director, 0870 603 8209,
matt.gibbs@gfk.com
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