Pixel 5th April 2013

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ISSUE NO. 893

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THE MAGAZINE THAT UNDERSTANDS WORLD 18616716_KEX_PIXEL_COVER_EARS.indd 1 3/27/13 THE 5:30 PM

News Olympus in £42m Lawsuit 68 parties are suing Olympus for approximately £42 million relating to the financial scandal that broke in October 2011. The corporation’s Japanese headquarters were served with the details of the lawsuit at the beginning of April, and it includes action from corporate investors Nationwide, Shell, Lloyds TSB and more. The scandal initially caused a 75% drop in Olympus’ share value, and could now cost up to 6 billion yen in compensation to these companies, from 2000 until the scandal broke. Three former executives currently face jail sentences for their involvement in the scandal and its cover up.

Retail Sales Spring Back in February David McCorquodale, UK Head of Retail at KPMG, said of the latest Retail Sales figures from the Office for National Statistics: “This uptick in sales will give retailers a confidence boost and is hopefully a sign that consumers are feeling more secure about the future. The popularity of the latest must-have gadgets was a major driver behind this surge in sales, as consumers splurged on the newest ranges. “But one swallow doesn’t make a summer and retailers need to continue to find ways to drive sales and keep this momentum going. With Easter on the horizon, I hope to see retailers launch innovative campaigns to attract shoppers to their stores.

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05/04/2013 3/27/13 5:30 PM

JESSOPS: “I’M IN!” 18616716_KEX_PIXEL_COVER_EARS.indd 2

Dragons’ Den entrepreneur Peter Jones CBE puts his faith in the high street and reopens Jessops stores

Peter Jones the Dragon’s Den TV personality and entrepreneur - held an informal but busy press conference on March 28 at the Jessops shop at 139-141 Oxford Street two hours before it re-opened. Hosting an exclusive audience including Pixel, he explained the basis and underlying strategy for the future of the company, saying that he had invested £10 million of his own money in the project and that he was giving it three years to work. “I take risks” he explained: “I like to think that

the Jessops risks have been correctly calculated”. He went on to express hope that, in the first year, the new Jessops will achieve sales of around £80 million. Initially, Peter Jones will be chief executive, but he added that he would consider bringing in somebody else for the role if it turned out he did not have the necessary skills or abilities. Peter explained that the key to the future success for Jessops is pricing, store location and the integration of electronic and high street retailing. During the press conference, he repeatedly came Continued on page 3

The Pixel Indie150

Independent dealers are invited to join Pixel – for free – at our racing day in Milton Keynes and make the most of some exclusive opportunities Pixel has organised a track day exclusively for independent retailers at Daytona in Milton Keynes to take place on Wednesday 1st May.Backed by a host of manufacturers and suppliers, the day will see teams of four take part in a 2.5 hour endurance race with a ‘pit stop challenge’ thrown in for good measure. Breakfast, lunch and drinks are all complementary for the day along with team shirts and for the three quickest teams on the day, bubbles and trophies too! Perhaps most importantly, each of the sponsors will be offering exclusive special deals for retailers on the day. Networking and hands-on demonstrations will run throughout the day on the mezzanine overlooking the track, so dealers can get the most out of the day without ever being far from the action. “We are very excited to be inviting independent retailers to join us for this event,” says the Organiser, Simon Skinner. “It’s been an extremely

turbulent period for most but now and with the demise of some key chains on the high street, there’s some real opportunity for the smaller dealer. To capitalise on this, we’ve arranged for each of the team sponsors to come to the race armed with an ‘event only’ offer and with 20+ teams expected on the day, that makes for an incredible and unique opportunity.” To sign up for the day, please contact Simon on either 01323 433700 or simon@lifemediagroup. co.uk (limited to 2 people per outlet).

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Kodak Express helps kick-start new Independant Retailer Pixel March 2013.indd 1

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