UK consumers bought 46% fewer basic digital cameras, largely driven by competition from cameras built into smartphones, according to GfK Retail and Technology UK Ltd.<\/p>\n
GfK classes a basic \u2018point-and-shoot’ model as a fixed-lens compact with an optical zoom under 10x. <\/p>\n
In value terms, the UK’s photo sector fell 20.7%, month-on-month, with online sales slumping 10.4% compared to January 2012.<\/p>\n
A GfK spokesman said: \u2018The loss of a major retailer shows how much this sector is suffering – not helped by the fact that the key product category (digital cameras) remains under fierce cannibalisation from today’s mobile and smartphones.’<\/p>\n
The UK photo market fell 9.2% in value for the year to January 2013, compared to the previous 12 months.<\/p>\n
The figures are contained in GfK Market-i,<\/em> a report designed to give an insight into the UK’s retail durables market. <\/p>\n Jessops closed its entire high-street store network on 11 January, two days after falling into administration.<\/p>\n","protected":false},"excerpt":{"rendered":" Sales of \u2018point-and-shoot\u2019 digital cameras almost halved in January, compared to the same month last year, with the demise of Jessops reflecting how badly the UK photo market has suffered, say analysts.<\/p>\n","protected":false},"author":324,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-10322","post","type-post","status-publish","format-standard","hentry","category-photo-news"],"yoast_head":"\n