Last year it suffered the loss of two senior figures. Trevor Moore quit as chief executive of Jessops after three years in charge to join HMV
http://www.petapixel.com/2012/04/26/dslr-sales-surging-despite-onslaught-from-camera-phones/I don't think its just prices and competitiveness, its also that people are likely now not buying cameras like they used to because most people have an acceptable one on their phones.
We will all suffer eventually as high St stores/shops close. Nowhere to hold/try out gear & increase in online prices.