CAMERA retailer Jessops has fallen into administration, putting jobs at risk at its Cheltenham store.
The company has more than 200 shops across the UK, including one in Cheltenham High Street.
A spokesman for the administrators, PricewaterhouseCoopers (PwC), said Jessops "is not in a position to honour customer vouchers or to accept returned goods".
He added: "In the current economic climate it is inevitable that there will be store closures."
The spokesman continued: "Jessops core marketplace has seen a significant decline in 2012 and forecasts for 2013 indicate that this decline would continue.
"In addition, the position deteriorated in the run-up to Christmas as a result of reducing confidence in UK retail."
The company has more than 200 shops across the UK, including one in Cheltenham High Street.
A spokesman for the administrators, PricewaterhouseCoopers (PwC), said Jessops "is not in a position to honour customer vouchers or to accept returned goods".
He added: "In the current economic climate it is inevitable that there will be store closures."
The spokesman continued: "Jessops core marketplace has seen a significant decline in 2012 and forecasts for 2013 indicate that this decline would continue.
"In addition, the position deteriorated in the run-up to Christmas as a result of reducing confidence in UK retail."