Camera chain Jessops has gone into administration today.
The retailer has a store in Gloucester's Kings Walk Shopping Centre, the future of which has now been plunged into doubt.
Around 2,000 jobs at the chain are under threat nationwide.
PricewaterhouseCoopers (PwC) has been appointed administrators to the group, which is Britain's only specialist nationwide camera retailer, with nearly 200 stores.
It marks the first high-profile retail collapse of 2013 and comes soon after consumer electricals chain Comet hit the wall, sparking more than 6,000 job losses.
Jessops, which has its headquarters in Leicester, has suffered in recent years from online competition and the boom in camera phones, which has hit demand for digital cameras.
The retailer has a store in Gloucester's Kings Walk Shopping Centre, the future of which has now been plunged into doubt.
Around 2,000 jobs at the chain are under threat nationwide.
PricewaterhouseCoopers (PwC) has been appointed administrators to the group, which is Britain's only specialist nationwide camera retailer, with nearly 200 stores.
It marks the first high-profile retail collapse of 2013 and comes soon after consumer electricals chain Comet hit the wall, sparking more than 6,000 job losses.
Jessops, which has its headquarters in Leicester, has suffered in recent years from online competition and the boom in camera phones, which has hit demand for digital cameras.