I think the main problem Jessops had is that they did not sell anything which Argos over the road did not. They just stocked the run of the mill stuff that you could pick up from anywhere. Maybe if they'd stocked Leica, Sigma, Ricoh, stuff which you couldn't just pick up anywhere, they'd have had a chance. And, god forbid, maybe they could have stocked film cameras, they'd be probably the only chain in the UK that did, and maybe that would have brought people in.
They'll complain it's the economy, but it's not, it's because they were bad at what they did.