bpi news july and august 2016 summer special

INSIDE THIS ISSUE: NEDIS UK, HASSELBLAD, PHOTOKINA 2016 + PHOTOXPORT/NORITSU

Main cover image photographed with the new Nikon D500 DSLR – shipping now

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Fresh ideas for the photo ind�ustry to boost trad�e and win custom!

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SUMMERTIME …and the selling is easy! Clever suggestions for seasonal sales

PLUS!

SUMMERTIME …and the selling is easy! Clever suggestions for seasonal sales

We visit Leicester-based print specialist Tetenal & discover how its support could boost your business

Olympus UK team takes to the stage to promote new pro audio gear for photographers & videographers

World in motion: Brexit, the global market & what it means for photo retailers & manufacturers

PROFILE PRODUCT ADVICE

BIGPICTURE

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BPI News: guiding & supporting the trade

CONTENTS

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EDITOR Gavin Stoker

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ISSN: to be advised.

Tel: 01485 536 200 email: [email protected] web: www.swains.co.uk

Passport Photo System

Be the first in your area to offer Biometric

Passport Photos

Contact your Swains Regional Sales Manager or visit www.idstation.co.uk for more information.

ID Station is a very easy to use solution for making passport photos.

Pictures are automatically processed into perfect ID photos. For any country.

Gavin Stoker, Editor

[email protected]@GavinStoker

04 NEWS As summer cash backs and hands-on promotional sessions continue throughout August, Hasselblad brings out a medium format camera for the masses

10 BE A SMARTER TRADE INVESTOR WITH THE GUYS FROM LEICESTER BPI News pays a visit to trade supplier Tetenal’s smartly-refurbished Leicester HQ and showrooms to learn why you too should witness a first-hand demo

13 GET BEHIND CANON’S CASHBACK BONANZA As the architect of arguably the most extensive cash back scheme this summer, the photo giant is encouraging the trade to really push its promo to customers

18 THINKING OUTSIDE THE BOX TO PROFIT FROM NEDIS UK The proactive distributor and supplier has undergone various evolutions of late. We catch up with Alastair Wilson to learn what’s doing well for trade customers

21 ‘COTTON’ ON TO THE DPS GROUP & EPSON’S T-SHIRT PRINTER OFFER We examine how installing a F2000 T-shirt printer from the print specialists can add a new profitable revenue stream and extend your customer base

24 MORE RETAILERS ATTRACTED BY THE ‘FIZZ’ OF FUJIFILM’S FDIS Thanks in part to what it suggests is a very supportive marketing program, the retailer is winning new converts to its Fujifilm Digital Imaging Service network

28 SNAP DECISIONS THAT MAKE GLOBAL LOCAL We examine the impact fluctuations in the international currency market have on your photo business, plus the immediate effect of the EU referendum vote

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Industry news

16 OLYMPUS ROCKS!

The photo stalwart has introduced an accessory for CSCs and DSLRs users – its own OM-D and PEN range included – in the LS Pocket for professional audio - see page 16

EDITORIAL | July / August 2016

We live in interesting times. As we went to press, in the wake of the ‘Brexit’ vote, the chatter in offices,

stock rooms, boardrooms and on shop floors was inevitably the possible impact of the closely-won campaign. As widely predicted by the experts we were urged to ignore, the value of Sterling was immediately affected, rendering imported goods immediately more expensive, yet our exports suddenly more attractive. Like many, our first question was ‘how does this affect us’, and with our BPI News head on, ‘how does this affect the photo trade’, given that the import and export of goods is intrinsically linked to the health of our industry? Business likes stability – and the financial markets at least an impression of such – so our advice feature this issue looks at how you can safeguard (and strengthen) your own against fluctuations in the value of global currencies. We also examine the immediate and possible future fall-out of a Brexit on retail, whilst acknowledging that this is a fluid and changing scenario and that much is conjecture.

Whatever the mood at home and abroad,

the world continues to turn, the photo trade continues to trade – and innovative and exciting new products to give manufacturers, distributors, retailers and suppliers a fighting chance continue to be unveiled. As ever, BPI News is your guide to the very latest profit-generating solutions, whether you’re a retailer of cameras and accessories, a minilab looking for the latest in photofinishing innovations – or both. We’ve advice on how to communicate the benefits of these to your staff and to your customers in the various features dotted throughout this edition, as well as

presenting a snapshot of the industry at large in our news pages. You’ll notice that this issue is our usual combined July and August ‘summer special’; the reason being that this is normally the peak holiday season, a wealth of new product is on hold until Photokina in September (see inner back page ad), and we’ll return with our special ‘preview’ edition in that very regard at the start of that month, which is already filling up. One thing we are certain of is that interesting times between then and now are virtually guaranteed.

EARLY

BOOKING ADVISED!

Copy date for

BPI News September

‘Photokina Preview’ special

is August 18th. Issue posted

out end of August.

www.bpinews.co.uk BPI News | July/August 2016 3

NEWS

THE NEXT ISSUE OF BPI NEWS (Sept cover date) is our all-singing, all dancing Photokina preview, which can only mean one thing: another biennial photo show – Europe’s biggest – is on the way very soon. The dates for your diary are September 20th to 25th and once again the venue is the cavernous Cologne Messe by the banks of the Rhine. All the biggest (and many of the smallest) names in our industry will once again be showcasing their latest and greatest product – arriving in time for those all-important Christmas 2016 sales (is it too early to mention the dreaded ‘C’ word?).

As we mentioned last issue, this year’s international event is split into different multi-faceted themed ‘worlds’ of imaging – with the aim being that Photokina 2016 equally inspires pros, traders, hobby photographers and young smartphone users alike via countless show events and promotions. Topics up for examination, focus and discussion are Augmented Reality, Virtual Reality, Cloud Services, Video, Audio, ‘Wearables’, the Smart Home and Astro Photography.

There are 1,100 exhibitors from over 50 countries and five continents taking part this year

(68% from outside of Germany itself ) – in short it is a who’s who of the photography trade – with Photokina’s organisers saying that more than two thirds of exhibitors come away more than satisfied with the achievement of their goals. Visitors include professional users, the retail trade and end consumers, so exhibitors are hitting lots of different yet invaluable ‘targets’. Around 185,000 people are expected to attend.

With good train and road connections plus accessible airport, there is really no reason why any member of the UK photo trade shouldn’t be able to pay a visit to

swot up on what’s coming next in the various worlds of imaging. Keep up to date with the latest news about this year’s show at the below URL, and see our next issue for a comprehensive look at who is showing what:www.photokina.com

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THE SWEDISH pro camera manufacturer last month unveiled what it is pitching as the world’s first mirrorless digital medium format camera: the X1D. Said to weigh

less than half what a conventional digital medium format camera does, the 50 megapixel CMOS sensor incorporating behemoth is being touted as a ‘game changer’.

Portability is the key here, with the unit fitting in the palm of the hand and weighing just 725g. It also features HD video, Wi-Fi connectivity and built-in GPS, suggesting that it could make for an able travel camera. It’s more affordable for anyone wanting to take the plunge too, at £5,990 SRP.

“The X1D marks a pivotal point

HASSELBLAD ‘S MIRROR-LESS ‘GROUND BREAKER’

in Hasselblad’s rich 75-year history. This camera makes medium format photography available to a new generation of Hasselblad users, while pushing the existing limits of photography to new heights,” promises Perry Oosting, Hasselblad CEO.

Weather and dust sealed, the

X1D offers compatibility with 12 lenses and lens accessories from the Hasselblad professional H system, with the aid of an adapter. There is also a new line of XCD lenses to go with the camera, with the 45mm and 90mm available on launch.

www.hasselblad.com

Fuji smartphone printer upgraded

ADOBE UPDATES ITS CLOUD

THE PHOTO marque has announced a new Instax branded printer capable of interacting with your customers’ smartphones – and compatible Fuji cameras – to produce a 320dpi credit card sized print. The Instax Share Smartphone Printer SP-2, to give it its full model name, follows on from 2014’s SP-1, and is said to boast improved image quality when compared with its predecessor, as well as a ‘sophisticated new exposure system’, according to Fuji. Unsurprisingly the free Instax Share app has also been updated to coincide, with new filters and templates. The printer is capable of producing 100 prints before recharging is required. UK availability is promised for the end of August, at £164.99 SRP, which includes 10 shots on Instax mini film.www.fujifilm.co.uk

AS THE TRADE will be aware, Adobe’s image editor exemplar Photoshop is now only available as part of its Creative Cloud package – and on subscription at that. We’re beyond the days of buying cereal boxes containing CDs and hard copy manuals. With this in mind ‘new’ versions tend to arrive in the shape of a nip here and a tuck there, rather than a complete under-the-bonnet overhaul. Indeed at the London preview BPI News attended, the ‘new’ version of its desktop and mobile apps for the latter half of 2016 had yet to be given a specified name – shown only on the demo slides as ‘CC 2015.5’.

The last time we wrote about Adobe’s Creative Cloud, the parallel introduction of the Adobe Stock service was the big news, and, unsurprisingly, the newest version offers an even deeper integration with Creative Cloud, according to the software giant’s Business Development Manager Neils Stevens. A

Premium Collection has been introduced (a curated library of over 100,000 images that Adobe says will meeting the standards of advertising agencies and print publications), alongside a number of refinements. There have also been performance enhancements, including Photoshop being three times faster at start up and when opening files. Other tweaks include a Content-Aware Crop feature which will look for the edges of the frame and expand that out, saving the need for photographers to ‘build’ that extra space themselves, plus ‘Face Aware Liquify’. This lets photographers tweak the edges of a subject’s mouth to force a smile on them. For more on the latest update, head to the below URL:

www.adobe.com


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NEWS

Swains gets ID’d and witnesses the

Impossible

PANASONIC AIMS FOR ‘WIDE’ APPEAL

FUJFILM INSTAX GETS ‘STAX’ OF COLOURS

LOOKING TO ADD a simple ID photo service to your store? Distributor Swains is asking you consider its offering in the ‘ID Station’, which it claims is the only biometric passport system on the market, and which will cover most requirements and budgets. Offering free updates and dedicated support, Swains is confident that it will become a profitable part of your business. For more info visit www.idstation.co.uk

In other Swains news, the distributor is insisting that ‘the Impossible is now possible’, thanks to the fact that it now has stock of a new instant camera. Swains’ Stuart Boston says: “We are more than delighted to have received and distributed our first consignment of the new Impossible I-1 cameras. Following on from the success of impossible film manufactured for the old Polaroid instant cameras, it was only a matter of time before we saw the first Impossible branded instant camera. Stock is extremely tight at present, as the demand for this camera far outweighs availability”. Contact the distributor now on 01485 536 200.www.swains.co.uk

THE PHOTO BRAND has added two new colours to its popular instax Mini 70 range of instant print cameras in ‘Passion Red’ and ‘Midnight Black’. As the trade may be aware, the Mini 70 features what’s described as a ‘modern, stylish design’, along with improved image quality and a new selfie mode. The line up already features Canary Yellow, Island Blue and Moon White colour options.

Fujifilm believes that the recent

trend for instant prints has sparked huge demand for instant cameras across the world, and this demand is coming from a younger generation that has not experienced the joy of instant prints before.

Instant photography has long been associated with the fashion industry, and thanks to its contemporary design, the manufacturer believes the Mini 70 broadens its appeal to the fashion conscious market of both men

and women in their 20s and 30s. Whether at a wedding, party or any social occasion, precious memories can be preserved and shared instantly.

For an SRP of £99.99, your customers also get a pack of film allowing for 10 shots to be taken straight out of the box.www.fujifilm.co.uk

BPI News is your mouthpiece to the industry. Send your news to [email protected]

THE ELECTRONICS GIANT has not only debuted a summer advertising campaign – see our page 2 ad and various TV spots – it is also launching a rugged, dust and splash-proof lens to go with it: the Leica DG Summilux 12mm/F1.4 ASPH offers the equivalent of 24mm in 35mm terms. Panasonic says it has been designed to meet pro needs and is obviously compatible with its Lumix range of interchangeable lens cameras. Furthermore the f/1.4 aperture suggests it could be adept at low light work and achieving shallow depth of field effects beloved of photographers. AF performance is said to be excellent for those looking to shoot 4K videos too. Due to appear this month (July), pricing is a suggested £1,199.99, clearly marking it out as a high-end tool for image conscious users.

The manufacturer has also shared some of the thinking behind its Lumix 4K ad campaign for this summer – promoting the brand into living rooms, with the end result hopefully being more footfall for its retail partners.

Centered on a young lad, the advert follows how he confidently and cheekily springs off a diving board, and for a split second adopts a leisure dive. Highlighting the 4K-photo feature, his mum is filming the action on her Lumix GX80 and is able to flick through the video footage, select the miraculous shot and save the image.

The advert reveals how the image has become a masterpiece in the family home, holding pride of place in the centre of the wall. “In a fun and jovial manner, the advert highlights how the 4K photo allows users to capture the most unmissable opportunities with exact precision and accuracy, making memories to last a lifetime,” the brand’s Barnaby Sykes tells us.

The advertising campaign was produced by creative agency Brave, debuted on 16th June and was designed to run for four weeks in the UK. The integrated campaign includes Video On Demand (VoD), as well as an array of online advertising, comprehensive point of sale and social media.

Watch the full advert here: https://www.youtube.com/watch?v=_E3VBQa-nAU


Hasselblad X1D_advert layout_240x333mm.indd 1 24/06/2016 14:27

Established way back in 1847, most of us in the trade will know the present-day Tetenal

by the brands it represents, supports and distributes in the UK; Epson and Kodak – in particular its 120-strong Kodak Express store network – spring immediately to mind. But probably what most of us don’t appreciate is that, as an organisation, Tetenal has a global reach of its own, with a large German base, complete with 25,000sq metre plant, and, closer to home, headquarters in Leicester, supplying Britain and Ireland. Its geographical position means that it is ideally suited to service most of the country – enabling it to offer a fast turnaround on goods and a next day delivery service. Up to a million pounds’ worth of stock is kept at its warehouse to fulfill demand.

BE A SMARTER TRADE INVESTOR WITH THE GUYS FROM LEICESTERBPI News visits lead�ing print and� photo solutions supplier Tetenal’s ever-expand�ing UK HQ in the city of Leicester, where it hold�s a million pound�s’ worth of stock, read�y to fuel and� empower the photo trad�e…

“We’ve got 34 staff here and they’re all really hard working,” enthuses Tetenal UK MD Mike Fawcett. “So, as well as focusing on our products, we focus on our staff and that means training them and retaining them.”

The other big news is that, thanks to continual growth over the past five years, the company is investing in its workplace too: it has recently refreshed, re-furbished and enhanced its Leicester premises. It now sports a large, open-plan upstairs office and three swish downstairs demo rooms – two wholly dedicated to Tetenal’s key Epson and Kodak brands – plus swish boardroom proudly displaying Leicester’s cityscape in the manner of New York’s Manhattan.

“We’re proud of our heritage – Craig (Bird, Marketing Manager) and I are both Leicester lads,” notes Mike. The doors of the different rooms display 7-inch vinyl records depicting the most significant of the Beatles’ albums, suggesting a fun, welcoming and moreover creative environment. Naturally, Tetenal is inviting its retail and minilab partners to drop in for a first hand tour and demonstrations, now that it has got a lot more space to play in.

For more info on Tetenal and its range of products – and to book a demo or a site visit

Customer service at the core

“We’re adapting to the modern world and changing how we market ourselves, with customer service at the core,” outlines Mike.

“Although we still have sales people out on the road, along with dedicated Product Managers, we have had to adapt to how people want to do business, which means our website is now an essential part of our business armoury. Many of our customers don’t have the additional in-store staff they used to

have, so they can be time starved. No longer can businesses dictate when their customers place their orders, we have to be available for orders 24 hours a day, and so the continual development of our website is crucial in offering a modern customer experience.”

“Another part of that improved customer service is that we’re expanding our technical team to eight. We have a very technically knowledgeable team here, which allows us to take on warranty and support work on a large proportion of the hardware we supply and offer

Epson’s SureLab D3000 is a key product for Tetenal and its customers

Space to create: Tetenal’s recently refurbished Leicester office and showrooms display a wide range of products, from wide format printers to Gisella Graham picture frames. The trade are invited to pay a visit and sample the goods first hand. Book your appointment today!


BPI NEWS PRODUCT FOCUS

– get in touch with the team on 0116 289 3644 or e-mail [email protected]

a much wider range of support services. No one could ever accuse Tetenal of just being box shifters.”

The point being made here is that a partnership with Tetenal is to place your business in safe hands, with the supplier keen to show that it offers a ‘cradle to grave solution’ – looking after your kit for the duration of its lifespan.

Tetenal’s new Kodak demo room / showroom in Leicester is geared towards giving Kodak Express owners an idea, or vision, of what their shop could look like should they choose to refresh their premises.

“So when you do walk into a store you get inspired,” suggests Craig Bird. “We’ve worked with a few stores to help them get painting and give them a bit of a makeover – so customers aren’t just faced with a wall of frames. We’ve also helped by creating graphics – for, for example, ID services (see pic, right) – to help them create an identity of their own in their local town and suggest their Kodak Express is the first place to

go. Subtlety doesn’t sell. A lot of the time we’ve found store owners aren’t putting their high ticket items on the wall; they just fill it with all the same frames. So our message is ‘be inspired’ and try to raise the value of each order over time. There is still a lot of value in the Kodak brand and we’re managing to communicate that well.”

Upmarket offerings

As a pro-active partner, Tetenal continues to help its customers extend their product offerings and take their customer base upmarket. As another part of that, it is offering a range of Gisella Graham branded photo frames, as featured in BPI News May. “We spoke to Gisella Graham about offering it to our Kodak Express stores and she was all for it. It’s very much in its infancy, so watch this space.”

Tetenal Marketing Manager Craig Bird adds: “We continually try and help Kodak Express stores evolve and diversify in a changing market. Photo

Left: Craig Bird and Mike Fawcett proudly show off their new Epson showroom and demo room. Above: Tetenal has a long and distinguished history stretching back longer than you might think and involving many innovations in wet and dry chemistry

One of Tetenal’s key roles is in support to the nationwide Kodak Express network, and its new showroom offers plenty of ideas for store owners

still remains the core and everything we do is still all about print, but it makes those stores become a destination for something slightly different.”

You may have noticed that Tetenal has also revamped its own logo and branding recently – complete with elegant gold lettering and German bear visual reference, on a crisp white background.

As we mentioned in our new piece last issue, another premium product line that Tetenal is focusing on with the appointment of its newest recruit Dave Beck, is studio gear. This includes California Sunbounce light modifiers, SunSniper camera straps, Savage accessories and Tetenal Paper Background Rolls. “We know the dealers that we can work with, with regard to this,” says Craig, with Mike adding: “We want to give our retailers their own a studio offering and encourage them. It’s worked particularly well for some high street photo retailers and we wanted to come up with a complete solution including lights and backgrounds, which will help them compete and drive traffic and add revenue.”

Craig adds: “There are two parts to it, really, as we’re also offering Sunbounce, which is all the reflectors and light manipulation – obviously reliant on weather – and then another part is SunSniper straps. These products are all higher-end. The bottom end of the market is where all the piranhas are fighting for their slice. These, by contrast, are good quality products that have an audience and a customer base.

“It’s about buying into Tetenal and therefore also buying into the

brands we’ve got to offer. We’re about support and advice; it’s not just ‘here’s a box and we’ll move it from A to B’.”

In terms of Epson printers, Tetenal is seeing its biggest growth area as inkjet mini lab or micro lab. The jewel in the crown here is the D3000, with a micro lab comprising anything from two up to eight Epson D700 printers. “And we’re selling huge amounts of these,” enthuses Mike. “It prints up to A4 in size and 39 inches in width so you can do panoramic prints. It’s an inkjet, so there are lots of different materials you can put through. But both dye sub and inkjets have their benefits. We’re a solutions provider and we want to invite as many customers to come over and see us as possible, so we can tailor a solution that’s going to work for them.”

For more info on Tetenal and its range of products – and to book a demo now – get in touch with the team on 0116 289 3644 or e-mail [email protected].

www.tetenaluk.com


TETENAL PROMOTION


It was actually a chance viewing of an ad Tetenal had placed in BPI for the Epson D3000 SureLab that

started Ken Rourke and his son Steve on the path of discovery towards his new investment."Steve was looking at a copy of BPI over someone's shoulder when he saw the Epson ad from Tetenal and it was the words School Lab that caught his attention.I'd been looking at the options to go dry once we'd decided to move on from our 3 Noritsu wet labs and hadn't really given Epson any thought. Until seeing that ad that is".

CUSTOMER PERSPECTIVEMaking a note of the contact details, Steve mentioned it to his Dad Ken who then contacted Epson's UK distributor Tetenal and quickly arranged for a demonstration.

Chris Castle, of Tetenal's Hardware Sales Team picks up the story."We knew that Ken and Steve had been to see most of the other Dry Lab systems on the market so we had a challenge on our hands.What we do differently though is that we see things from the customers perspective and take time to identify the key features that are the most important factors for that specific customer.We offer a 'cradle to grave' service here so just shifting a box and washing our hands afterwards is not what Tetenal is about. We want happy customers who know they can rely on us for more than just the initial sale.

PRINT QUALITYOne of the most surprising things for most customers appears to be the strides that have been made in photographic print quality from dry labs. Epson's history and expertise in inkjet technology has been transferred into their SureLab photographic printer range and the results are favourably compared to that of traditional silver halide as Ken admits."I grew up in the age of Silver Halide and was convinced that I'd never get that level of quality from a non-wet process but I have to say I was very pleasantly surprised when we did our test prints. Our business is based around school photography and those images mean so much to the parents

who purchase them so quality is extremely important. The prints from the Epson are little short of stunning".

PEACE OF MINDAnother factor in the choice of the Epson SureLab was the fact that the machines came with a 3 year warranty."I know that Epson are reliable machines anyway" said Ken "but as a business we like to have a full understanding of our costs so we can budget without the worry of any unknown expenditure causing us issues.

There are also savings to be made in switching over from wet chemistry to dry anyway in terms of power, chemical waste removal and service agreements on wet labs are extremely expensive!All in all, we're delighted with the decision to choose the Epson SureLab and Tetenal's support from the initial hardware demonstration through to installation and training has been extremely professional."

Official Distributors Epson Photographic

Print Solutions

TEL 0116 289 [email protected]

www.tetenaluk.com

EPSON CONTINUES TO ATTRACT SCHOOLS LAB PHOTOGRAPHERSSchools Photographer K & S Rourke Photo Imaging choose the Epson D3000 SureLab as the ideal replacement for their old Noritsu wet labs. In fact they bought two!

MD Mike Fawcett (right) and Marketing Manager Craig Bird in Tetenal's new Epson Showroom

EPSON SHOWROOM IS OPEN FOR BUSINESS!As part of the recent changes at Tetenal (which you'll read of elsewhere in this issue) there is a newly refurbished Epson Showroom at their centrally located HQ in Leicester.

"We have an Open Door policy so everyone is welcome to come and see the Epson equipment working for themselves.

Just drop us a line or give us a call to arrange a visit, we'll be happy to see you" says Tetenal MD Mike Fawcett.

Ken Rourke (left) with son Steve Rourke (centre) and Tetenal Equipment Product Manager Chris Castle (right)



SCHOOLS LABS NEWS











Print Solutions


www.tetenaluk.com


















Print Solutions


www.tetenaluk.com








* KEY TERMS OF THE PROMOTION:Only available on purchases of any of the products listed here within the United Kingdom or Republic of Ireland from a participating retailer between Thursday 19th May 2016 and Wednesday 31st August 2016 inclusive.

The closing date to claim your cashback is midnight on Friday 30th September 2016.The closing date for entry into the Prize Draw is midnight on Friday 30th September 2016.Claims for cashback and the Prize Draw must be submitted fully and correctly (including specifying a valid EEA product serial number) via an online claim form. In order to enter the Prize Draw, customers must sign up to receive email communications from Canon.

Join the conversation

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UP TO£50/€70

CASHBACK ON SELECTED PRODUCTS AT PARTICIPATING

RETAILERS*

SHOTS WORTH SHARING WHEREVER SUMMER TAKES YOU.

Claim cashback on any of the following great products:DSLR CAMERAS CASHBACKEOS 760D

£50/€70EOS 750D £50/€70EOS 700D £40/€55EOS 100D £30/€40

MIRRORLESS CAMERAS EOS M3

£45/€60EOS M10 £35/€45

COMPACT CAMERAS PowerShot G9 X £30/€40PowerShot SX540 £25/€35PowerShot D30 £20/€30VIDEO CAMERAS LEGRIA G40 £150/€200LEGRIA R76 £30/€40LEGRIA R77 £30/€40LEGRIA R78 £30/€40LEGRIA R706 £20/€30

PRINTERS PIXMA iP8750 £30/€40PIXMA MG7750 SERIES £20/€30LENSES AND ACCESSORIES EF 24-70mm f/4L IS USM £150/€200EF 70-300mm f/4.0-5.6L IS USM £110/€150EF 16-35mm f/4 L IS USM £75/€100EF 70-200mm f/4.0L IS USM £75/€100EF-S 17-55mm f/2.8 IS USM £45/€60EF-S 10-22mm f/3.5-4.5 USM £45/€60EF-S 60mm f/2.8 Macro USM £45/€60EF-S 55-250 f/4.0-5.6 IS STM £20/€30EF-S 18-135mm f/3.5-5.6 IS STM £20/€30EF-S 10-18 mm f/4.5-5.6 IS STM £20/€30EF 40mm f/2.8 STM £20/€30EF-S 24mm f/2,8 STM £20/€30Speedlite 430EX III-RT £20/€30

To find out more about our promotion, how to claim, the list of participating retailers and full terms and conditions visit canon.co.uk/summercashback16 or canon.ie/summercashback16 If you have any questions about your claim, please email us at [email protected] or call us on 0800 044 325

Whenever we speak to retailers about cashback offers they usually express

gratitude that the manufacturer is giving them extra sales ammunition; and now one major player is asking the trade get behind its seasonal deals once more. Until 31st August – the time period for which this copy of BPI News is current – Canon is supporting sales and, more broadly, the photo retail trade itself, via money saving deals on a broad range of its products. This is, in turn supported by point-of-sale material, banners and trade advertising.

We spot-lit the current offers in detail across our centre spread last issue, but, in short, there is the carrot of a cashback opportunity to tempt every type of customer and each photographic skill-set. Covered by the cashback scheme are multiple Canon DSLRs, compact cameras, video and print devices – so it will literally pay to make sure your retail staff are all aware of the fact, plus up to speed with the products featured.

In brief, the DSLRs covered by the scheme are the EOS 760D, 750D, 700D and 100D, on which the cashback ranged from £30 to £50, whilst both Canon’s mirror-less models in the M3 and M10 also feature, as do the G9X, SX540

For full details of Canon’s cashback and T&C’s head to canon.co.uk/summercashback16 or canon.ie/summercashback16

GET BEHIND CANON’S CASHBACK BONANZA!Canon is encouraging the trad�e to really push its summer d�eals, ad�d�ing the extra incentive of a chance for your customers to win one of three holid�ay packages to Dubai when submitting a cashback claim and� entering a Prize Draw…

and D30 compacts. Five camcorders, two printers in the Pixma iP8750 and MG7750 series, 12 lenses and the Speedlite 430EX III-RT likewise feature. To discover the full list of participating models, head to the dedicated URL at canon.co.uk/summercashback16 or canon.ie/summercashback16

Get money back & fly away

On top of the chance for your customers to get money back when they spend, Canon has added the opportunity for them to win one of three trips to the breath-taking

desert city of Dubai in the United Arab Emirates. All they need do is purchase a cashback product, submit their claim and sign up to receive email communications from Canon. Lucky winners randomly drawn will enjoy what the manufacturer suggests will be a ‘fun filled’ three night break for two people, including a desert safari, high tea at the Burj Khalifa, the world’s tallest building at 828 metres tall, plus a city tour – on which there will doubtless be plenty of photo opportunities to try out their newly-purchased gear.

But that’s not all. As an additional thank you, every customer who makes a successful cashback claim will receive 100GB of storage for their digital images on ‘irista’,

Canon’s cloud storage platform. Closing date for cashback claims and the Prize Draw is Friday 30th September 2016.

So this summer make sure both your staff and customers are briefed on the money saving offers to be had to give them that added push to respectively sell and to spend.

For any questions about claims there is a dedicated email address and phone number: [email protected] or 0800 044 3251.

CANON SUMMER CASHBACK

Camcorder to go: Canon is offering a whopping £150 cashback on the Legria G40 this summer, while there is £50 cashback on the 750D digital SLR and £45 to be had on the EOS M3 along with a £30 saving on the Pixma iP8750 printer (shown right).

Banners, posters and ads are all pushing Canon’s cashback message at retail, in print and online this summer!


NEWS

THE ELECTRONICS GIANT has been a past recipient of awards for most trusted brand from consumer champion Which? And has latterly set its sights on a different kind of trust: the National one. As we reported in our May edition, its staff and photo ambassadors are visiting National Trust properties throughout the summer to get cameras and lenses in hands and really promote its Lumix camera line up – with the ultimate aim of selling more units.

Pro photographer and ambassador Esther Ling (shown with

photo walk group) tells BPI News: “The roadshow is going incredibly well, with hugely positive feedback from both the venues and visitors. The common thread in all the comments we receive on stand is what an absolutely fantastic idea!

“People love that we are showcasing a range of cameras and lenses on which we can provide information. However the ‘star of the show’ has to be the fact that visitors are able to take loan of a camera free of charge for the day, complete with an SD card that they get to keep. The loan process is very

THOSE DEALERS looking to add an accessory with good margin to their stock may like to check out the distributor’s Kaiser branded ‘Action Strap’, covered previously in these pages and featured on recent carrier sheets. The latest news here is that the device has recently won a ‘Test Bench Recommended’ badge from the esteemed Amateur Photographer magazine, who said

of the £39.99 SRP device: ‘the fundamental design elements are excellent, ticking all the right boxes.’

As if that wasn’t enough, the publication also rated the Kaiser SmartCluster Midi LED with four-and-a-half stars in second Test Bench review. It recommended the £99 SRP constant light for those who ‘want a compact, easy to carry LED light for video or photo use.’ Call Fotospeed on 01249 714555 for trade details of both products.www.fotospeed.com

PANASONIC WINS PUBLIC ‘TRUST’

FOTOSPEED’S KAISER MARCHES ON

simple, we talk to them about what kind of camera would suit them – bridge, compact or interchangeable –they fill in a form, we kit them out, then they’re free to get hands on!”

On top of putting cameras in hands, Esther is also leading two inspirational photo walks each day, which she describes as ‘super popular’. “The majority of those taking out loan cameras join me on a photo walk. Everyone is welcome. The purpose is to try to get people really thinking about composition, seeing an image differently and to make their photographs more interesting for the viewer.

“What excites me is that we’ve had increasing numbers of younger visitors to the stand who in turn get excited about just what the Lumix cameras are capable of! These youngsters are growing up

in a world of technology, yet when we demo 4K photo, post focus and Wi-Fi remote control to them, their chins are on the floor, they then turn to Mum & Dad with those big puppy eyes…”

Working alongside Esther at these events is Panasonic UK’s trade-facing Mark Baber, who she notes “worked crazy hard on the idea, got it off the ground and got me involved. What people don’t see is all the work and effort going on behind the scenes to make this huge project successful. The early starts, long days, long journeys are all very worthwhile and it’s a privilege to be able to work alongside Mark and the National Trust, visiting all these fabulous places.”www.panasonic.com/uk/ National-Trust/Lumix-Event.html

Have Ansmann, will travel

THE BATTERY SPECIALIST is ‘plugging’ its award winning Powerline 4 Pro charger, which it says has just got even better. It now comes with UK, European, US and Australian input plugs for true worldwide compatibility. It also comes backed with a three-year warranty to give your customers peace of mind. Features include fast charging, automatic

cut-off, back-lit LCD screen for clear display of charging levels, plus a USB outlet for powering sundry tech devices. As you’ll be aware, Ansmann products are now available direct from Peak Development Ltd. Peak can be contacted by prospective stockists on 01489 796979 or via [email protected]


PHOTOXPORT SUMMER PROMO

A printer capable of a high volume of output and generating you a high profit

margin – that’s the promise from PhotoXport, exclusive UK distributor for Noritsu drylabs such as its flagship Green II. As readers will be aware, this marries the industrial build of a traditional wet lab to a dry lab engine, in order to produce prints in their millions – over 3,000 can be produced before new paper needs loading. Retailers who have migrated from traditional silver halide Agx wet printing to Noritsu dry labs are impressed with the significant increase in print quality. And their consumers have noticed too.

“Noritsu, in my opinion, is the best built, the best engineered drylab in the word today – it’s an absolute fact. It completely floors everything else, and the reason is that this is Noritsu’s core business – they don’t do anything else but make photo retailing equipment,” enthuses PhotoXport MD Derek Fieldhouse. “They’re the no.1 supplier with the biggest number of drylabs in the world today – no wonder we’re going nuts in terms of demand. It’s good engineering, good support and good workmanship – it just runs!”

Naturally you don’t have to just take Derek’s word for it. Malcolm McDonald of Sutherland’s Photo Lab, based in Thurso, Scotland, is a very satisfied owner of a Green II lab: “We wanted to have something as close to our old Noritsu QSS3212 wet lab as

Pride of the place in the Noritsu line up is the industrial built Green II dry lab - with its unique cassette loading capability and automatic sorting of prints saving you time - and money! E S T A B L I S H E D 1 9 9 0

For latest deals and offers on Noritsu Green II dry labs, call PhotoXport MD Derek Fieldhouse NOW on 0116 2675907

‘S STRONG APPEAL FOR UK PHOTOFINISHERSAs exclusive UK d�istributor for Noritsu, PhotoXport is currently d�oing a roaring trad�e in its acclaimed� Green II d�ry labs. You only have to ask its customer base to find� out why, as BPI News d�iscovers…

we could, so I shopped around, found Derek’s website, phoned him and asked what he had to offer – which turned out to be an ex-demo Green II. I watched the videos about it and saw that it was getting great reviews – which prompted me to go for it. And the print quality is fantastic!”

From Malcolm’s initial discovery to having a machine installed took just three weeks. This fast turnaround – and speed of output – was another reason for choosing this lab: “With the nearest alternative lab at Inverness 112 miles away, we have the whole of Sutherland and a lot of the Highlands as our customers; a vast area. Photo books are another service we wanted

to add, so that was another factor in us choosing the Green II.”

Nothing ‘Rash’ about installing a Green II

A second satisfied customer is Dave Rasch of Phoenix Photographic, who adds: “PhotoXport are a very fair and flexible company to deal with – they listen to what the customer wants, which is rare these days. With Derek there’s no hard sell. We’re given the information and it’s up to us to make our minds up. I think there’s a lot to

be said for that because it shows confidence in the product being sold.

“We’re so pleased with the Green II that we’re looking at adding the standard Green lab to our set up. We can do various sizes nice and quick and we can also do double sided for photobooks, cards and invitations. It’s added to our business. We didn’t want to give people the excuse to go somewhere else. It was a very easy choice to be honest with you. It was always going to be when the quality was right and when the price per print was correct. And I believe that time is now.”

Establishing partnerships

PhotoXport MD Derek Fieldhouse concludes: “We are always aiming for a partnership with our clients. People say to us: ‘This is absolutely the best thing I did; my customers love the quality, the machine just runs, you’re good guys to deal with and you sort my problems out.

“Our aim is to have the best support program – we’re evolving a cloud-based system so people can log in and have a forum and see videos to do with the machines. It may not be the least expensive machine on the market, but by God it gives significant return for investment.” Investigate more at the URL below.www.photoxport.com

Phoenix Photographic’s Dave Rasch is so pleased with the performance of the Green II dry lab that he is considering adding a second Noritsu printer to the business

Malcolm McDonald of Sutherland’s Photo Lab raves about the Green II’s “fantastic print quality” and the speed with which PhotoXport provided and installed his lab

“Noritsu, in my opinion, is the best built, best-engineered� d�rylab in the word� tod�ay – it’s an absolute

fact. It completely floors everything else, and� the reason is that this is Noritsu’s core business – they d�on’t d�o anything else but make photo retailing equipment.”– PhotoXport MD & Noritsu supplier Derek Fieldhouse


Celebrating its 100th anniversary in three years’ time, Olympus has announced two versions

of its latest digital audio recorder that can also be hooked up to your customers’ digital cameras (including Olympus’ own PEN and OM-D models) to achieve more professional audio when shooting video. BPI News attended the London launch – held in the downstairs club venue of Shoreditch’s trendy Ace Hotel – and was able to get hands on and trial the device when filming two live bands on the OM-D E-M5 Mark II.

As most of us (though perhaps not all your customers) will be aware, professional quality sound is a crucial part of video capture. Nothing screams ‘amateur’ more – or jolts us out of the narrative of what we’re watching – than bad sound. Good sound, and preferably great sound, is of key importance. The best way to achieve this is via external microphone and/or recorder. These not need not cost the earth or be prohibitively cumbersome: enter the new

Olympus LS Pocket, a high-res audio microphone and recorder in one.

In fact there are a pair of new models. The stereo microphone incorporating LS-P1 boasts 4GB capacity and the LS-P2 is 8GB. Storage can be supplemented and extended via removable microSD card. The LS-P2 incorporates three microphones. “The reason being is that when you start to shrink a recorder, you start to lose the ability to capture sound with the range of frequencies that we all hear,” Olympus’ Product Manager Ben Ford reveals. “The third microphone just captures bass.” Power for the LS Pocket comes courtesy of a single rechargeable cell, and handily the units feature an extendable USB port built into the base, negating the need to carry extra cables.

So which customers should you be pitching it to? As well as just about anyone wanting better sound from their camera, there are obviously photographers and videographers shooting live concerts and performances – and doubtless musicians wanting a handy, relatively inexpensive way of professionally recording their work. Other applications and audiences for the LS Pocket include social media and video podcasts.

Pocket rocket

“Our cameras are now featured heavily on social media,” the company’s David Ivins, Director of Consumer Business for the UK, tells us. “If you look at

in the heat of the action. It’s also half the size of Olympus’ first digital audio recorder, launched way back

in 2008. Despite this, the battery is claimed to last for 39 hours and its zoom microphone facility ensures that it can record from a distance; so arguably ideal for anyone not standing in the first few rows at a gig. Wireless connectivity to speakers and headphones is also provided.

“With the OM-D you will be able to achieve broadcast quality video, especially with the 5 axis image stabilization built into the camera, and better than CD audio combined,” adds Olympus’ Ben. It should be reiterated that users of the LS Pocket are not restricted to Olympus only cameras; this is a more versatile, flexible device. But, as Ben notes: “We’re one of the only manufacturers who makes cameras and audio. The device is small enough to sit on top of the camera and will deliver better quality audio than the microphones that feature not only in our cameras, but in £4,000 or £5,000 SLRs as well.”

SRP is currently £169.99 for the LS-P2 and £109.99 for the LS-P1.

bit.ly/olympus-audio

Instagram, quite often the photos will have been taken on an Olympus camera, usually the Olympus PEN.

But the people shooting more the video content – the ‘vloggers’ as they call them – are finding that sound is becoming more important. And what the ‘LS’ enables us to do is create high quality sound to go along with high quality pictures.”

Olympus is pitching this audio recorder as offering ‘better than CD quality’ audio. “Which is typically four times better than the level of quality you’re getting when streaming or downloading audio,” Olympus’ Product Manager Ben Ford promises. “High res audio is even better than that; what you’re getting is audio that, in camera terms, is like a ‘Raw’ image. It’s uncompressed audio. The sound you can capture, when you play it back, will seem as if you’re in the same room. The market is really people using the product with their DSLRs and CSC cameras, journalists wanting to record their interviews, and of course students. ”

The LS Pocket features a lightweight yet sturdy aluminum construction – so it shouldn’t come a-cropper if accidentally knocked

“People shooting vid�eo content – ‘vloggers’ – are find�ing that sound� is becoming more important. And�

what the ‘LS’ enables us to d�o is create high quality sound� to go along with high quality pictures.”

– David Ivins, Olympus UK

See advert opposite for how Olympus is pitching the new ‘LS Pocket’ to the photographer and videographer

BPI NEWS PRODUCT FOCUSIt’s only rock ‘n’ roll but they like it: Olympus UK’s Georgina Pavelin (bass), Mark Thackara (drums) & Dave Ivins (guitar) are asking retailers to make a sound choice in the LS-Pocket

OLYMPUS ROCKS!Retailers are being offered� a ‘sound�’ choice when it comes to accessories to pump up your sales volume: Olympus’ ‘LS Pocket’ arrives in either 4GB (LS-P1) or LS-P2 (8GB) versions, and� is d�esigned� to be used� with its own PEN and� OM-D cameras – plus more besid�es – for ‘better than CD quality’ aud�io capture


THE OLYMPUS LS-P2 AND OM-D E-M5 MARK II.

Combine high res video and better than CD quality sound with the OLYMPUS LS-P2 recorder and OM-D camera. All within a durable and compact solution to shoot anywhere.

Ambient audio for all film projects.

For further information: olympus.co.uk/audio

22066 LS Pro Moviemaker.indd 1 20/06/2016 16:28

BPI NEWS PRODUCT FOCUS

If this article has piqued your interest, get in touch NOW with Alastair Wilson and the team

Photo Factory’s Rob Thomson is just one of many retailers diversifying with Nedis’ profitable product lines to boost his business

As it’s been a little while since we featured distributor Nedis UK in BPI News, we felt high

time to revisit its collection of brands including Konig and Camlink, and its many thousands of product lines.

These include multiple items for the photo retailer to stock that will complement, nay enhance, their existing stock.

But don’t just take Nedis’ word for it. Listen to the case of the Photo Factory in Shirley, Birmingham. Run by Rob Thomson, this camera shop

THINKING OUTSIDE THE BOX TO PROFIT FROM NEDIS UK

and minilab is thinking outside of the box. “Rob does extremely well with our company,” notes Nedis UK’s Key Accounts Manager Alastair Wilson, “both via the store and his online business. He’s someone who

thrives by exploring new avenues, in order to deal with the changes in the photo market, which is what we’ve always preached. He does well with our photo-related product too, including action and wildlife cameras.”

For his own part, Photo Factory’s

“We’re actually selling a terrific amount of aud�io gear. And� that fits really well with Ned�is’ expertise in aud�io

and� computing d�evices. We also d�eal in the Ned�is d�ash cams and� the action cameras.”

– Photo Factory’s Rob Thomson

The proactive d�istributor – now part of the biggest electronics d�istributor in Europe – has a wealth of high margin tech prod�uct that canny retailers can ad�d� to stock to sell alongsid�e cameras and� lenses. As well as examining Ned�is’ latest ‘hero’ d�evices, we speak to a retailer going great guns with its items…

Rob says: “In the present climate I believe a camera shop can’t survive on its own and neither can a minilab. So, for us it works to put the two together.

“We’re actually selling a terrific amount of audio gear. And that fits really well with Nedis’ expertise in audio and computing devices. We do well with their DAB radio, which is a growth area, because people are aware that analogue radio will finish in a year or two’s time. Other solid sellers are their sound bars for televisions and we do very well with their headphones, whether they’re Bluetooth or conventional wired ones, as more people stream music from telephones and tablets. They’re not strictly aligned to photo retailing, but seemed to us the next logical step.

“We also deal in the Nedis dash cams and the action cameras. The big growth we’re seeing is in dash cams for cars. We’ve sold them to people either for themselves or their siblings. This will safeguard them against having a nasty experience, or an insurance claim that has not

Konig Studio Lighting Kits from Nedis are said to better what else is available at the price, whilst still affording dealers a very healthy margin

Konig Wildlife Cameras and Action Cameras are just a couple of ways for photo retailers to expand their customer base with innovative kit

gone their way. Plus, in terms of margins, Nedis are an exciting profit line. We can even compete on eBay with Hong Kong and China.”

Photo Factory has likewise done well with the supplier’s ‘Maxi Studio’ tabletop studio lighting kits, which Rob suggests are very popular with customers wanting to photograph items for online auction sales. “It’s


NEDIS UK SUMMER PROMO

at Nedis UK HQ on 0116 253 0325 or speak to your area rep. www.nedis.com

router. “You can have a Wi-Fi enabled camera that streams everything to your mobile phone,” marvels Alastair, “with the whole thing running off the one app on your mobile phone. And the beauty is that it is

completely transportable – so if you move property you simply take it with you. It doesn’t require a team of engineers to drill holes all over your house to put it in, and it’s an easy sell as you don’t need to be a technician to wire it up or set it up: it is literally plug and play.”

Your invite to tour Nedis’ showroom

Finally, in January 2016 Nedis built a very attractive showroom at its new Leicester HQ, having moved from the old Fameart building last July – and is proudly inviting dealers to come and visit. So don’t delay – get in touch with Alastair and the team to arrange a visit now on 0116 253 0325.

We’ll let Photo Factory’s Rob have the last word: “Nedis are very easy to deal with and supportive – Alastair especially.”

www.nedis.com

adds that a future candidate for doing big business is ‘smart home security’. Here, Nedis has just won a ‘Best in Show’ award for its own solution, pitched as a replacement for traditional CCTV or home system

installed by a home alarm specialist. Nedis’ product – Konig Home Smart Security – takes advantage of the fact that 70% of UK homes now have Wi-Fi installed and pretty much everybody has access to computer tablets or smartphones. It consists of a router that plugs into your existing one, plus all of the items that you normally have installed by wire – such as IR detector, window sensors and alarm box – all linked to the

Nedis UK’s Camlink LED lighting range offers strong solutions when it comes to illuminating stills or video

like a little square tent – you put a couple of lights either side – your camera on a tripod and you get a very nice shadow free picture. They’re enormously popular. If you’re selling anything online, photographs are invaluable to your sales.”

Strong Nedis products you should be stocking

Further Nedis suggestions to add to your stock include action cameras with built-in GPS functionality. It has also introduced a range of ‘Cree’ branded aluminium torches to its product line up, which are describedby Alastair as “exceptionally well made. This is something that, again,

is a little outside the box but which retailers could comfortably stock alongside photo gear.”

Photo Factory’s Rob agrees: “The torches are beautifully made and are quality. And who doesn’t need a torch for the campsite or in the car?”

Alastair Wilson further spot-lights a range of products for which Nedis has virtually no competition, given the prices at which it offers them; and that is Konig studio lighting kits – a consideration for your customers perhaps as autumn approaches. Cost to the dealer is £110 and they can be sold for a suggested £200, in contrast to a lot of competing lighting systems that start at £500 upwards.

“There is nothing that is in the

market at the prices we offer,” Alastair re-affirms. Another successful seller for photo stores are battery powered LED panel lights from the Camlink branded range, which offer adjustable output and colour temperature and so are ideally suited to both video-makers and photographers. With a day’s use provided by a full charge, they are completely transportable – so are ideal for taking out into the field where there is no generator. In fact, when you examine it, Nedis has a broad selection of stock to offer the photo specialist – not just accessories to sell in parallel with photo gear – but also camera bags, tripods, film scanners and photo accessories.

Citing GfK figures, Alastair

“Rob d�oes extremely well with our company. He’s someone who thrives by exploring new avenues, in ord�er to d�eal with the changes in the photo market, which is what we’ve always preached�.”

– Alastair Wilson, Nedis

The Konig Smart Home Security set should benefit retailers looking to get in on a growth market


PhotographicBritish

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Published� monthly and� targeted� d�irectly at the d�ecision makers in the UK photo trad�e, both in print and� online, isn’t it time that you made BPI News work for you?

Get your prod�ucts and� services seen and� in front of the trad�e and� your peers – from manufacturers to wholesalers, d�istributors to retailers…

Push your product launches and consumer promotions – d�rive sales and� target those who may be beyond� the initial reach of your own sales force, informing the trad�e of the prod�ucts and� profits you can d�eliver for them.

Call us NOW about sponsorship packages, advertorial, advertising

and partnership opportunities on 0208 274 0578 or email

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NEXT ISSUE

IS LAST BEFORE

PHOTOKINA: E

ARLY

BOOKING ADVISED!

DPS GROUP PROMOTION

A long-term supplier of large format printers, ink and media to photographers of

all disciplines, Digital Photo Solutions – just one element of the DPS Group – has been reaching out to the retail trade over the past few months. With the promise of excellent value for money and fast delivery times – both key to successful trading – the men you need to speak to are, as ever, DPS Group MD Maneesh Patel and Sales Director Gary Crawley.

Like any business worth its salt, Digital Photo Solutions has steadily evolved as a reseller and supplier over the past ten years. Now three distinct strands are grouped under the DPS Group brand. These are: Digital Photo Solutions (www.digitalphotosolutions.co.uk), its online store DPS Business, found at www.dpsb.co.uk - plus DTG Solutions, which offers specialist T-shirt printing packages (www.dtgsolutions.co.uk). Each strand will be of interest to those retailers looking to add another string to their bow and stand apart from the high street competition. Moreover, the DPS Group continues to expand: “More divisions are to be added as technology develops and the needs of customers evolve,” promises Maneesh.

‘COTTON’ ON TO THE DPS GROUP & EPSON’S T-SHIRT PRINTER OFFER!Seeking a high margin, profitable ad�d�itional revenue stream? Working d�irect with print specialist Epson, the Kent-based� DPS Group is offering retailers who d�are to think outsid�e the box supply of its F2000 T-shirt printer – something of a rarity in the UK, and� so a major opportunity…

Time to get ‘shirty’ with the DPS Group

Of the T-shirt printer, the DPS Group’s MD enthuses: “This is a high-end device for printing on cotton; forward looking retailers have invested in them to add another revenue stream to their business. Investing in a T-shirt printer would also enable bespoke fashion labels to be created. We’re virtually the only place offering the F2000 in the UK, have worked on it directly with Epson and would like to invite the trade to witness a demonstration in our showroom.”

This is a product that sits within the ‘Direct to Garment’ (DTG) Solutions element of the DPS Group,

more details of which can also be found via www.dtgsolutions.co.uk

In a nutshell, DTG Solutions is the place to go for advice and information, regarding direct to garment printing. “Utilising our years of knowledge in the industry, we’re very excited to offer several print package options, containing everything required to commence your own T-Shirt printing operation,” says Maneesh. “Give us a call today to find out more about how you can benefit from becoming a customer of the DPS Group.”

With packages centering around the F2000, retailers can take their first steps toward printing their own high quality, bespoke garment designs – or established printers can add a

new, high profit product line. The pitch is that whatever your business or its level, DTG Solutions can tailor a package to suit.

Those retailers whose interest has been piqued by the above will want to head to the DPS Group’s South London showroom, with Epson printers the main focus. This is being pitched as the perfect place to see and test the latest products for the photo, retail and print trade in a comfortable and informal environment.

Enquiries about the Epson F2000 should be directed to the DPS Group’s DTG Specialist David Harrison on 020 8460 3690, or email [email protected]

Stand out from the competition! Add T-shirt printing to your list of services via the DPS Group on 020 8460 3690

Visit the DPS Group’s showroom to witness garment printing in action via the Epson F2000 - and trial before you buy - trade always welcome!


NEWS

Stephan Zirwes, Germany, 3rd place, Architecture, Professional, 2016 Awards

KENRO ILLUMINATES TRADE OPPORTUNITIES

PERSONAL SERVICE FROM LEICA

SONY WORLD PHOTOGRAPHY AWARDS 2017

It all pans out for

Samsung

THE DISTRIBUTOR has expanded on its range of high margin, NanGuang branded LED lights and accessories, previously introduced in BPI News April. Latest announcements include two NanGuang-branded light stands. Both boast three sections and steel and aluminium construction. The larger of the two, the NanGuang

Lighting Stand L280, has a maximum working height of 265cm and maximum load capacity of 15kg, while the 220P model supports heads up to 12kg at a maximum height of 185cm. SRPs are £27.54 and £26.34 respectively.

“In addition to selling these lights separately we have also bundled some of them together

as kits, offering even better value,” enthuses Kenro MD Paul Kench, “Of special note is the very high CRI rating, giving users very accurate colour representation. New to the UK and Irish markets, NanGuang offers your photographer customers excellent value and superb quality lighting for fantastic photos and video.”

To order stock, get in touch with the distributor now on 01793 615836www.kenro.co.uk

LEICA HAS BEEN doing things quirkily of late – issuing cameras that only shoot in black and white,

or eschew an LCD screen. Now it is offering potential owners of the Monochrom M (the black and

white shooting one!) the chance to personalise their camera with an ‘à la carte’ silver chrome finish, or a choice of classic black chrome or black paint body.

Among the custom options are a top plate with – or without – the iconic Leica ‘red dot’ logo on the front, plus an extensive collection of leather trims, from classic black and subtle shades to rich, eye-catching colours including khaki, red or deep blue. Orders for the personalised Leica M Monochrom à la carte camera can be placed via official Leica stores and boutiques.

www.leica-camera.com

NO SOONER HAVE we reported on the winning entries in the 2016 awards that submissions are being invited for the 2017 World Photography Awards. Next year will be the 10th year of the world’s largest photographic competition, with sponsorship again coming from Sony.

Photographers are welcome to enter their work for free into any of the awards’ four competitions: Professional, Open, Youth and

Student Focus. The newly re-launched website gives a greater visual platform to the awards’ photographers and makes the entry process simpler than ever before.

In addition to the four main competitions, the hunt is also on to find the best local photographer in 60 countries through the National Award program. Sony is once again providing equipment for the prize winners whilst once again

the winner of Photographer of the Year and winner of the open competition receive cash prizes of $25,000 and $5,000 respectively. To enter yourself, or to direct your customers’ own efforts, head to:www.worldphoto.org

IS HOME SECURITY the next big thing? Seems the electronics giant hasn’t completely stopped making cameras, if the new pan and tilt SmartCam PT is anything to go by. This is being pitched as a stylish wireless camera for remote home surveillance and video communication, which can be set up in minutes.

“Traditional home security and CCTV can be seen as complicated and off-putting for the average homeowner, so we are delighted to provide a simple new way for consumers to keep an eye on their home through a PC, smart phone or tablet, from anywhere in the world and all at the touch of a button,” enthuses James Frame, European Sales Manager, Samsung Hanwha Techwin.

The compact SmartCam PT weighs just 155g and comes with a bracket, meaning it can be placed almost anywhere in the home. The lens can be panned 350 degrees and tilted through a range of 155 degrees. Video capture is at 1920×1080 resolution and at 30fps.www.samsungsmartcam.com



TRIPLE TIPA WIN FOR SIGMAThe manufacturer is at the forefront of the familiar names mentioned as part of this year’s TIPA trade awards, as voted for annually by the global tech and photo press.

As well as the 50-100mm f/1.8 DC HSM Art getting recognised as ‘Best DSLR telephoto Zoom Lens’,

Sigma’s 24-35mm f/2 DG HSM Art lens has been voted ‘Best DSLR Wide Angle Zoom Lens’ for its distinction of being the world’s first full frame f/2 constant aperture zoom.

The third TIPA award for Sigma has gone to its 20mm f/1.4 DG HSM Art lens, designed to bring out the full

potential of high megapixel DSLRs. This was voted ‘Best Professional DSLR lens’.

As regular BPI News readers will be aware, the TIPA Awards are voted for by 27 publications spanning Europe, South Africa, Canada and the USA.

MINILAB NEWS

Boost your print sales in 2016! Get in touch with Peter direct on 01234 572138 or via [email protected]

In challenging or uncertain times it is undoubtedly of great support to have an established

and knowledgeable body backing your business; one you can rely on for sound advice. Perhaps that’s partly why 12 new photo retailers have bought Fujifilm equipment and become members of its Fujifilm Digital Imaging Service (FDIS) in the first three months of the new financial year, according to the manufacturer.

New converts to the Fujifilm brand include Y Stiwdio Brint in Lampeter, Wales; Colorgrafix in Louth; Guildhall Studio in Lincoln; Camera Plus in Tiverton; Click Click based in Bishop’s Stortford; Skeltons Chemist in Bedworth; and Old Forest Arts in Hay-on-Wye.

“FDIS’ success is down to the fact that it has a very supportive marketing program,” Fujifilm’s Marketing Manager Peter Wigington believes. “Paul Henry and Wendy Gray have spent a lot of time with each retail site ensuring that the merchandising is done properly.

Our logistics team has ensured the equipment is installed quickly and efficiently and our training team have ensured that the retailers are ready for business as soon as the kit is installed.”

As we heard from Fujifilm’s resident business expert Wendy Gray of Inspires Consultancy in our May edition of BPI News: “Lots of retailers are happy to stick their heads in the

MORE RETAILERS ATTRACTED BY THE ‘FIZZ’ OF FUJIFILM’S FDISThanks to what is seen as a very supportive marketing program, Fujifilm is claiming new converts to its countrywid�e network of FDIS photo imaging stores. We hear from satisfied� partners, as well as getting an upd�ate on Fujifilm’s print-encouraging Wond�er Photo Tour, head�ing out this summer…

Fujifilm’s Wonder Photo Tour dates announced

The trade is always going to welcome any manufacturer taking proactive steps towards furthering its sales message. Last month we brought you news that Fujifilm was encouraging smartphone and analogue Instax users to express their creativity in print by taking its concept of the ‘Wonder Photo Shop’, previously showcased at The Photography Show, out on the road. As detailed previously, Wonder Photo Shops have sprung up in cities in Japan, Barcelona, Singapore, Colombia and New York – but this a first for the UK. The idea is to bring family-orientated, interactive and

creative photographic experiences to events across the country with the sole aim of getting everyone excited about printing photos again – which, ultimately, benefits the wider photo trade too.

“It’s time to release the pictures from your phone!” Says Fujifilm’s Peter

wife team Sarah and Ashley Ward, who were coming up to just two months of trading when we spoke and were full of praise for the support they’d been shown – by both Fujifilm and the wider community.

Sarah’s background is in graphic design and architecture, whereas husband Ashley is a wedding photographer and comes to the business having worked for Jessops in the past. “Ashley transferred to Halifax as a lab supervisor before becoming manager there,” Sarah recalls of the pair’s industry experience. “He was very tentatively trying his hand at wedding photography, but the closure of Jessops at the time gave us a bit of a nudge towards thinking ‘right, we’ve got to do this.’ We now do really well with that and have also launched two new photo booth hire companies. We look at markets and think ‘how can we get a piece of that pie?’

“We have friends who have their own independent print shop, which started us thinking, but decided that we had enough behind us to sink

sand and think that it’s everyone else’s fault if their business isn’t doing well. The fact is that people do still use the high street, but if they’re not using you let’s see why and see if we can improve it – and that’s what I do.

“The business is: ‘bring us some images and we’ll show you what we can create with them’. We get that message across via point of sale material and staff training. Because when the customer comes in asking ‘can I get a print off this?’ well of course they can, but there is a whole lot else we can do. The way the industry is now, you’re not a lab technician any more – you’re a salesperson and you’ve got to sell those services to the customer. And the only way you can do that is by demonstrating exactly what you can do.”

New FDIS recruits set up shop

As we heard in our intro, one of the newest members of the FDIS network is Y Stiwdio Brint, run by husband and

DigitalPhotos

Passport Photos

Digital Photos

CLICK‘N’COLLECT

visit our website

DOWNLOAD OURFujifilm ImagineMOBILE PHOTO APP

www.clickclickzone.co.uk

INSTORE HOURS

5:30 pm5:30 pm5:30 pm5:30 pm5:30 pm5:30 pmClosed

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OPEN

CLICK‘N’COLLECT

visit our website

DOWNLOAD OURFujifilm ImagineMOBILE PHOTO APP

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INSTORE HOURS



OPEN

Wall Board Graphicto sit above railing900mm x 1200mm

Internal Lightbox in main window on the left

1000mm x 300mm

Open/Closed door sign

Projecting Sign

Window to right side of door

A3 Poster Holders

Pavement Swinger

A3Poster

A3Poster

Main window to right sideA2 Poster Holders

A2Poster

A2Poster

Digital Prints Digital Prints

Passport/ID Photos

Portrait Studio

Photo Gifts

VHS/Cine to DVD

Canvas Wraps

Scanning

Restorations



Wigington. “We want to illustrate the fantastic range of photo products that you can have around the home, educate consumers about the Instax range of photo products


FUJIFILM FDIS PROMOTION

“We’re looking to the future and� offering a much higher quality prod�uct to our customers than anyone else in town. That’s not being arrogant; I just know that our print quality is better. With Fujifilm we’ve promoted�

ourselves up a league.” – Guildhall Studio owner, Trevor Gibbs

Recently opened by husband and wife Sarah and Ashley Ward (inset), Y Stiwdio Brint in Lampeter, Wales, is already receiving a warm welcome from the local community, helped by strong support from Fujifilm and its FDIS network. Shop front picture used with kind permission from Tim Jones

Boost your print sales in 2016! Get in touch with Peter direct on 01234 572138 or via [email protected]

by offering instant Instax photos and demonstrate and educate consumers about our Imagine photo app – encouraging them to download the app to their phones. We’ll have fun ‘photo walls’ to encourage consumers to smile and take photos at the experience itself and – naturally – encourage customers to then share their experience on social media.”

Tour dates at a glance

Kicking off on July 18th and running through until September 4th, the Wonder Photo Tour will be stopping at the Royal Welsh Agricultural Society Show (July 18th-21st), New Forest & Hampshire County Show (July 26th to 28th), Nottingham Riverside Festival (August 5th to 7th), Bristol Balloon

Fiesta (August 11th to 14th), Bournemouth Air Festival (August 18th to 21st), Clacton Air Show (August 25th to 26th), Chatsworth Country Fair (Sept 2nd to 4th).

“If the kids are happy then the parents are happy so we designed the Wonder Photo Tour with youngsters in mind,” Peter continues. “We will have a soft play area with plenty of outdoor games, and our very own Mr Appy will on hand to keep everyone entertained – he’s always after a good photo op!”

To get the ball rolling, visitors are being offered the chance to have a selected photo reproduced as a fridge magnet. The Instax team will be stationed onsite in a VW camper van, where they’ll be showing off the latest cameras and encouraging visitors to take the inevitable ‘selfie’.

There will further be a chance

for visitors to enter an exciting competition at each and every stop on the Wonder Photo Tour, with a chance to win over £600 worth of photographic prizes, including Fujifilm’s three most popular Instax cameras. Attendees are bing asked to simply share their photos of the Wonder Photo Tour on Twitter or Instagram using the hashtag #wonderphototour.

Full Terms & Conditions can be found here: https://fujifilm-blog.com/wonder-photo-tour-competition-tcs

Meanwhile for more on the tour itself as it progresses, head to:

https://fujifilm-blog.com/wonder-photo-tour-by-fujifilm-uk/

into opening our own shop. It ties together the skills we already have – photography and graphic design. All this creative stuff goes hand in hand, in my book, and it’s also given us a bit of a base, so people can come to

us for Ashley’s portraiture; the sum of the parts have led to something even better. Being a new shop we felt we had to be very careful about who we partnered with, but the support we’ve had since becoming part of

FDIS, particularly from Wendy (Gray) has given us a bit of direction. We had bought a wet lab, since Ash’s very passionate about wet prints, having been a lab supervisor in the past. But we soon discovered where we are geographically we haven’t got quite the print turnover to keep a wet lab, so this last fortnight we’ve got rid of that and on Wendy’s advice we now have a DL430 dry lab with large format printer where we do all the canvasses. Once the seed was planted in our head it happened very quickly. We’re very passionate when we get

going on an idea and we’ve had a very positive start. The support from the community has been incredible and Fujifilm are great to work with and happy to tailor their offerings to our own aspirations and walk us through it, which is fab. Even before we made any purchases, the tech team were more than happy to talk us through everything, so we knew what we were looking for.”

Trevor Gibbs, owner and manager of Guildhall Studio, Lincoln, is another Fujifilm FDIS convert, having grown disillusioned with a previous supplier. “I’m a self-employed photographer by trade and had this opportunity to take over the shop and purchase the business. I wanted a challenge and something I could get my teeth stuck into and this came up, so we gave it a go. What attracted me to Fujifilm was the flexibility they had to offer. It was all very positive and they weren’t saying ‘no’ to us – they were trying to make things work. We’re looking to the future and offering a much higher quality product to our customers than anyone else in town. That’s not being arrogant; I just know that our print quality is better. With Fujifilm we’ve promoted ourselves up a league.”

For more on the benefits of becoming a member of Fujifilm’s FDIS network, the man you need to call is Fujifilm’s Marketing Manager Peter Wigington on 01234 572138 or email [email protected]


NEWS

NEW AMBASSADORS ‘TAKE THE THRONE’ AT NIKON

Nikon UK brand ambassador, Helen Sloan

Nikon UK brand ambassador, Richard Peters

NIKON UK has announced the addition of two new photographers to its brand ambassador line-up in Richard Peters, an award winning wildlife photographer, and Helen Sloan, a film and TV stills photographer, presently most celebrated for her promotional images for the TV series Game of Thrones. For those not in the know, the Nikon Ambassador initiative was introduced in 2013 to celebrate class-leading photographers working in specific photographic fields – in order for Nikon to inspire

its customers to pick up their camera and reach their creative potential. The ambassadors work with Nikon on a range of activities, from seminars at key events (such as The Photography Show) to social media and PR campaigns. Richard and Helen join the manufacturer’s current ambassador line up which also comprises David Yarrow, the fine art wildlife photographer also known for his remote landscape shots, Jeremy Walker, who specialises in landscape and location shots, and Leon Neal, a news photographer.

“Since the launch of the Ambassador scheme in 2013 we have seen some amazing talent in our line-up and it continues to go from strength to strength,” believes Nikon UK’s Group Marketing Manager Jeremy Gilbert. “Through the ambassadors we are able to engage with our customers but most importantly, encourage enthusiasts to take a step up with their photography.

“The scheme has allowed us to formally acknowledge some of the country’s leading photographers in their fields and collaborate with them creatively to inspire and engage budding photographers.”

In related Nikon and Game of Thrones news, BPI News was

recently invited on a short press trip to Dubrovnik, Croatia – where large chunks of the TV series are filmed – to test out the capabilities of its latest much-in-demand DSLR, the D500. Pictured below is the Nikon UK team, hard at work, dealing with

the perennial photographers’ issue of strong sunlight. The D500 is shipping now.

For more info about the Nikon UK ambassadors, visit: nikoninframe.co.uk/ambassadors

Canon UK celebrates 40 yearsFROM INAUSPICIOUS HQ in Wallington near Croydon in Surrey (when your editor was a schoolboy nearby) to smart and impressive headquarters in Reigate, the photo giant celebrated its 40th anniversary on June 21st. This was marked with a birthday celebration for 2,000 employees, who will also receive an extra day off to celebrate their own birthdays.

Canon Business Machines was established in the UK on 21st June 1976 when the key focus was on sales of calculators, micrographic equipment and photocopiers for the business market. In 1982, Canon merged with a separate camera sales operation to create Canon UK, as it is now known, growing to become a leader of digital imaging solutions for office and home environments.

When Canon UK was established the latest product was the AE-1 (shown here), the world’s

first 35mm AE SLR equipped with a central processing unit (CPU) and seen as a pioneer of automated and computerised cameras.

Dave Newell, a long-serving Canon employee who joined the company in 1982 says: “It’s brilliant to work at a company like Canon. There is a great atmosphere and staff are treated as valued members of the team, rather than just cogs in a wheel. When asked why I have chosen to stay at one company for so long, I have to say that it’s not the same company; the business continually transforms in really exciting ways to support the changing needs of our customers.”

As BPI News readers will be aware, Canon UK now has offices across the country including head office in Reigate, as well as London, Birmingham, Livingston (Scotland) and Belfast.

www.canon.co.uk



A members only partnership withthe market leader in photo imaging.

Providing a modern marketing solutionfor photo retail within your business.

The perfect solution to increase yourprofit margins from photo retail.

The perfect picture

For more informationplease call 01234 572138 orvisit www.fdisphotoretailers.com

For more informationon the benefits of FDIS membership or torequest a brochure please call Peter Wigingtonon 01234 572138 or email [email protected]

TRADE 2015

Print Franchise of the Year

BPI NEWS BUSINESS ADVICE

Snap decisions that make global local

As business becomes increasingly global, the issues surrounding foreign

exchange management become ever more pressing – especially where products are sourced for retail. While many shop owners only buy and sell in sterling, the effects of currency changes are an issue for manufacturers and distributors, and so, by extension, retailers too. Anyone watching the slide of sterling in the run-up to the ‘Brexit’ vote in June will have seen import prices rise, while exports became more competitive. So, how does the currency process work and what can be done to fix a commercial exchange rate?

While there are as many variations

BPI News’ resid�ent business expert Adam Bernstein investigates the impact fluctuations in the international currency market have on your photo business, plus examines the immed�iate effect of the EU referend�um vote and� it means for the trad�e…

on currency products as there are permutations on a lottery ticket, and all manner of ways to complicate things, there are also some straightforward steps that businesses can take to manage currency risk.

Planning and managing risk

David Johnson, Director of foreign exchange firm Halo Financial, says that a conversation about currency risk generally starts with minimising exposure. Gambling on exchange rates can be a recipe for disaster, especially in a market with millions of participants, with transactions totalling $5.3 trillion a day. “Anyone

who claims to be able to pinpoint exactly where an exchange rate will be at a certain point in the future is deluded,” he believes. “But there are risk management tools which can be utilised.”

Those who are entirely risk averse might choose to purchase all of their currency requirements, as soon as they have an identifiable currency risk. If cash flow allows, they may wish to do that and hold the proceeds of the contracts on currency accounts, pending payment requests. They will have removed exchange rate variation from their planning, plus have the flexibility of cash at hand in the correct currency when they need it.

Johnson says that if cash flow

doesn’t allow for that – and this is the more likely scenario – businesses can still cut all risk through the use of forward contracts. These use today’s exchange rate to put a contract in place, while delaying the final settlement of that contract for up to two years. This generally requires a part payment / deposit initially, but it aids cash flow by keeping the bulk of funds available as working capital.

“The other advantage of forward contracts is that, if payment is required more urgently, or if the payment needs to be delayed, the forward contract can be flexed, to either draw down for early delivery, or extend or roll over to a late settlement date if necessary,” our adviser notes. It transpires that many companies


BPI NEWS BUSINESS ADVICE

THE ELECTORATE SPOKE last month, and, whilst the dust was still settling as we went to press, the UK is poised to leave the European Union. The result is another blow for the polling profession – they got the predicted outcome wrong in the 2015 election and appear to have got it wrong again.

Those in a shock at the outcome were given a chance to catch their breath in that Prime Minister David Cameron went back on his original promise to immediately trigger article 50 of the Lisbon Treaty, the clause determining how a member state leaves the EU – despite Brussels calling for the UK to do so, in order to avoid ‘contagion’ from our own referendum spreading abroad. It’s also worth noting that a referendum isn’t binding – it’s indicative only. However, in a democracy it’s a moot point and we will now surely leave the European Union. The questions to be answered now are what now for our wider economy and the retail trade in particular?

The immediate wake of the vote saw Mr Cameron and Mark Carney, the Canadian Governor of the Bank of England, trying to steady the ship in the face of financial markets predictably in a panic. Consider that in the summer of 2015 the Pound against the Euro had risen to €1.42, but by the start of the week of the vote it was down to €1.24. As the polls closed it had risen to €1.31, but once the vote result was made public it had dropped through the floor to €1.22. The Dollar did something similar and fell to €1.32 – a 10% fall and a rate not seen since 1985. The London stock market was equally in turmoil and had fallen more

than 8% over the morning before recovering to only being 4% down – again, something not seen since the collapse of Lehman Brothers in 2008, the precursor to the last recession. Other global markets followed suit – Italy was down 11% while Germany was down 7.5% and France had lost 9%. The only saving grace is, as Mr Carney put it on the morning the outcome was known, that the banks have more cash in reserve and have been stress-tested so that bank failure is very unlikely.

Trading with Europe

The other point to make is that UK law, at least that based on EU legislation, isn’t going to change overnight and in many cases will mirror whatever Brussels passes. Why? Because if the UK is to trade with Europe we’ll have to comply with their rules, even though we’re on the outside and unable to exert any influence. In other domestic matters, such as health and safety and employment law, it would take a very brave government indeed to repeal legislation that gives, for example, workers holiday entitlements and rest breaks, while protecting individuals from discrimination. What will be interesting to see is how, post exit, UK firms do in recruiting staff, as it’s entirely possible that the automatic right of EU nationals to live and work in the UK could be curtailed (and vice versa). Of course, there is also the possibility that businesses with a majority interest in Europe will simply up sticks from their UK bases and move to the continent.

What next for the trade after ‘Brexit’ vote?

“A firm wanting to see if the exchange rate is moving in their favour, and� who wants to wait to see if there is some ad�vantage to be taken from that trend�, should�

consid�er a ‘stop loss ord�er (SLO)’”

find that forward contracts are the tool of choice for payment of invoices on 30, 60 or 90 day terms, as they provide exchange rate certainty for the whole credit period. Forward contracts are also used where goods are received on consignment, or where letters of credit are required.

A firm wanting to see if the exchange rate is moving in their favour, and who wants to wait to see if there is some advantage to be taken from that trend, should consider a ‘stop loss order’ (SLO). “This device is placed into the foreign exchange market, with a market maker, to guarantee a minimum exchange rate. The order sits as a latent instruction, but isn’t actioned until the market moves in such a way as to trigger the order,” explains Johnson.

He illustrates the point with an example: A distributor needs to buy US dollars and the current market exchange rate is $1.42. If the trend looks like it is heading higher, they may be tempted to wait for a better level, but the ever-present risk is that the trend changes and the pound slumps to $1.35, wiping out any profit. Let’s assume they cannot make a return on the contract unless they can achieve at least $1.40 or better. In these circumstances, they could place a ‘SLO’ at $1.40 to guarantee that rate as the worst-case scenario, while leaving the opportunity to buy at higher levels if the pound continues to rally. Essentially, even if the pound collapsed, as soon as the sterling – US dollar exchange rate fell to $1.40, the order would be triggered and they will have bought their US dollars.

There is another alternative to the SLO: ‘options’, which are used by many companies, especially where they have sizable requirements and/or long term projects. Johnson cautions that they can be expensive because ‘plain vanilla options’, as the basic form is termed, require the payment of a non-refundable premium, yet they serve the same basic purpose as an SLO. The flexibility in an option is in the right not to exercise the right to buy at the option level, unless needed.

Using volatility

Automated orders can be used in another way. A ‘limit order’ can be used to target an advantageous exchange rate, which is above the current level. According to Johnson this works because the foreign exchange market doesn’t rest. Trading begins on Sunday night UK time and continues around the clock until the US markets close on Friday night. “One by-product of this is that some of the most volatile periods occur when individual markets are opening or closing; this volatility can be captured by placing automated limit orders at pre-determined exchange rates. As long as the market trades to the nominated level, the order will be filled.” Clearly firms need to plan ahead.

To a large extent, planning is the key to every aspect of success in managing your currency needs. If you ask all of your questions in advance, dot all the i’s and cross all the t’s, you will suffer fewer shocks and avoid nasty surprises. Continues next page…


PRODUCT OF THE MONTHBPI NEWS BUSINESS ADVICE

OLYMPUS TOUGH TG-TRACKER £279.99 SRP

But there are other areas for concern, even at the everyday, practical level. Regarding the cost of mobile phone use in Europe; UK travellers must surely be grateful that the cost of roaming has fallen markedly in recent years, something that the EU has championed. But once we’re out of Europe the legal requirement for the removal of roaming entirely (in July 2017) will evaporate, leaving UK mobile operators with the opportunity to do as they please.

And what of movement of monies? Will the UK stay part of Single Euro Payments Area, the system for simplifying cross-border euro bank transfers? While we are not part of the eurozone, many firms will have euro accounts.

There will also be issues with the free movement of goods, capital and people. Border controls will change for British travellers, making clearing customs an even slower process, while firms buying or selling in Europe may well find that tariffs and controls are imposed, making their imports or exports more expensive and slower to move around. The flipside is that the UK will be free to negotiate its own trade deals with non-EU countries and it’s arguable that importers could see some duties on goods fall and with much manufacturing done in the Far East that could be something positive.

Furthermore, in the short term, and until the pound recovers, the cost of imports will rise while exporters should be able to capitalise on their position of being more competitive against other currencies. Many commentators believe that the end result of a weak pound, however, is going to be rising inflation which, in turn, will exert extra pressures – including demands for rising pay – on businesses already struggling to cope with rising competition.

While the Bank of England will be doing its utmost to resist any knee-jerk reaction, the reality is that it will take “all necessary steps” to support the financial system, including quite possibly raising interest rates. That will benefit some – those with savings – but will hurt many who borrow, including businesses and homeowners paying off mortgages. To be fair, interest rates were due to rise late in 2015, but were kept on hold because of other economic concerns. Even so, it’s going to be a potential shock to the system when they do rise.

The other much-trumpeted concern is that leaving the EU – and the run up to the event – could lead to another downturn. As noted, the stock markets fell immediately after the vote and banks and house builders saw their shares hit badly. Could this be a forecast of the end of the housing boom? Could consumers start to feel a chill? After all, rising prices gives homeowners the feeling of wealth.

Investments in shares depend on profits so those investing in exporters should do well. But what is likely to happen to taxation? While some suggest taxation could fall because of the end of being a net contributor to the EU’s coffers, and the requirement to have a minimum rate of VAT (15% for standard rated items, 5% on domestic fuel), others, including the Institute of Fiscal Studies, believe that the government’s austerity programme could be further extended.

Could the vote lead to a further political breakup? Possibly. Politicians in other member states were calling for a vote at the time of writing – Marine Le Pen in France, Mateo Salvini in Italy and Geert Wilders in the Netherlands. And then, of course, Scotland’s First Minister immediately called for another independence vote and there were suggestions from Sinn Fein for a vote on Northern Ireland’s status. This too could affect economic stability.

But at the end of the day, much was supposition as we went to press and no one really can tell with 100% certainty what will happen going forward. Clearly half of the country sees value in our leaving the EU and it’s entirely possible that this may turn out to be the right decision. One thing is certain, we – private citizens and those in business – are now slowly walking towards a brave new world.

Continued from previous page

It’s not just premium-end cameras that are still selling in this smartphone era. The action or

‘tough’ camera market is also quietly thriving. So, if you’re looking for a camera to throw about (we recently witnessed Olympus’ own Marketing Manager Mark Thackara pitching this green liveried pocket rocket from audience onto stage during a live band performance), then the new TG-Tracker could be worth investigation. Reaching store shelves this month (July), the real talking point here – and a key element to pitch to your customers – is that the toughened action camera features 4K-video capture for the first time in the series.

In terms of toughened qualities, the TG-Tracker’s credentials are that it is shockproof to a height of 2.1 metres, crushproof to a weight of

100kg, dustproof, freezeproof down to -10°C and waterproof down to 30 metres. Living up to its ‘Tracker’ name, if using the free Olympus Image Track Ver 2.0 ‘app’, foolhardy or adventurous potential purchasers can review outdoor adventures with info including altitude or depth, air or water temperature, geo-location and direction and speed of movement. The camera further logs changes in G-force.

Not only that, it’s adaptable to your photographers’ creative needs too, via detachable grip, wide angle lens offering 204° point of view, five axis image stabilization and flip out LCD monitor for flexibly creative shot composition and review. Again this device sits comfortably in the palm of the hand, or pocket; as is often the way, it is actually much smaller in person than press shots portray.

With your customers heading off on summer holidays, the Olympus Tough TG-Tracker could make for a reliable companion in an unreliable climate. Sometimes ruggedness and resilience goes a long way.

www.olympus.co.uk


NO LIMITS – JUST IMAGINGAt photokina, the world‘s leading trade show for photography, video and the whole photo imaging sector, pros and imaging enthusiasts from around the world meet with top companies of the industry to exchange ideas about new products, trends and innovations. In addition to fi ve exciting thematic worlds, virtual and augmented reality, cloud services and smart home innovations also provide the focus of the trade fair in 2016.

Make the most of the combined professional expertise at photokina: whether you are a photographer, fi lm-maker, im-aging professional or specialist retailer, you’re in the right place here!

Secure your tickets online now and save up to 38%: www.photokina.com/tickets

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20 –25 SEPTEMBER 2016 | COLOGNE

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Email all your contact details to [email protected] and request the Life Kiosk brochure. We will automatically enter you into our competition for a chance to win an Apple ipad mini retina WI-FI 32GB.

Quote ‘PMILife’ to receive a FREE set of consumables upon purchase of Life Kiosk and printer package.

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bpi news july and august 2016 summer special

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