{"id":17582,"date":"2011-02-28T17:00:00","date_gmt":"2011-02-28T17:00:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/london-photography-store-to-shut-down-17582"},"modified":"2014-09-02T15:43:23","modified_gmt":"2014-09-02T14:43:23","slug":"london-photography-store-to-shut-down","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/london-photography-store-to-shut-down\/","title":{"rendered":"London photography store to shut down"},"content":{"rendered":"<p><strong>Kingsley Photographic Ltd, a family-run camera business which opened its first shop in London 50 years ago, will close this week as &#8216;spiralling rent&#8217; and cheaper online competition takes its toll.<\/strong><\/p>\n<p>Kingsley, which is a Nikon Professional dealer, has gone into voluntary liquidation according to managing director Tim Stavrinou who told us: ?The main reasons are the rent which is getting very expensive, footfall is down and a lot of people are buying online.&#8217;<\/p>\n<p>Stavrinou told us that the business is struggling to pay its bills, faced with \u00a365,000 in annual rent and \u00a324,000 a year in rates.<\/p>\n<p>The shop, which employs five staff, will close on Friday, said Stavrinou who is baffled as to how independent high street shops continue to survive.<\/p>\n<p>&#8216;We can&#8217;t compete,&#8217; added Stavrinou who pointed out that a camera costing \u00a3600 at his shop sells for &#8216;\u00a3450&#8217; online.<\/p>\n<p>&#8216;I just woke up and said &#8220;I can&#8217;t do this anymore&#8221;.&#8217;<\/p>\n<p>Kingsley currently operates one store, at 93 Tottenham Court Road, specialising in Nikon, Leica and Gitzo gear.<\/p>\n<p>&#8216;In the 23 years I&#8217;ve been in photographic retail I&#8217;ve seen it change from a friendly and open trade where we all made a nice living, to one of ridiculous margins and, of course, pressure from the internet.<\/p>\n<p>&#8216;Quality of service and a good knowledge base were the ideals we founded our principles on and, unfortunately, it seems that a lot of consumers and distributors today seem to understand the price of everything and the cost of nothing,&#8217; he claimed.<\/p>\n<p>First set up 50 years ago, as E.C Kingsley, the business initially ran two shops, both located on Tottenham Court Road.<\/p>\n<p>Tim Stavrinou&#8217;s father, Steve, bought the business in 1984.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kingsley Photographic Ltd, a family-run camera business which opened its first shop in London 50 years ago, will close this week as &#8216;spiralling rent&#8217; and cheaper online competition takes its toll.<\/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-17582","post","type-post","status-publish","format-standard","hentry","category-photo-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - 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