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Queensway (retailer)
Queensway was a retailer in the United Kingdom that specialised in the sale of carpets and furniture. It was a pioneer of out of town shopping and one of the first retailers in the U.K. to sell directly to customers from a warehouse. It was founded in 1967 by Anthony Parish in Norwich with £50. Within a few months Queensway moved to a nearby disused warehouse. Parish's strategy was to sell carpets in the same way supermarkets sell food. The success of this approach enabled the company to rapidly expand to 26 branches in 1970 and by 1975, it had 38 branches across the country. In the mid-1970s it was due to float with an expected market capitalisation of around £7 million but due to a serious downturn in the economy the float was withdrawn. Managing director Anthony Parish was by now was suffering from ill health and, after a boardroom coup, the company was sold to Phillip Harris in 1977 and it became Harris Queensway plc. On 20 December 1985, Queensway opened a store at the Mer ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Furniture
Furniture refers to movable objects intended to support various human activities such as seating (e.g., stools, chairs, and sofas), eating (tables), storing items, eating and/or working with an item, and sleeping (e.g., beds and hammocks). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards, shelves, and drawers). Furniture can be a product of design and can be considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from a vast multitude of materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflects the local culture. People have been using natural objects, such as tree stumps, rocks and moss, as furniture since the beginning of human civilization and continues today in some households/campsites. Ar ...
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Retail Park
A retail park is a type of shopping centre found on the fringes of most large towns and cities in the United Kingdom and other European countries. They form a key aspect of European retail geographies, alongside indoor shopping centres, standalone stores like hypermarkets and more traditional high streets. Cushman & Wakefield define a retail park as any shopping centre with mostly retail warehouse units, of a size or larger. Retail parks have a number of retailers in a single location, but as opposed to an indoor centre, there is no roof and they aren't therefore weather-proof. History Retail parks originate from out of town retail location containing big box retailers which are not suited to pedestrianised high streets, such as garden centres, home stores supermarkets. More recently, many high street retaillers have moved to retail parks, since retail parks offer cheaper rents and cheaper parking for customers. For example, in the UK, Marks and Spencer and Next have closed ...
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Boardroom Coup
A boardroom coup is a sudden and often unexpected takeover or transfer of power of an organisation or company. The coup is usually performed by an individual or a small group usually from within the corporation in order to seize power. A Boardroom coup draws upon the ideas of a coup d'état in the same way that a corrupt, dysfunctional or unpopular group is pushed out of power. Examples Paramount and DuMont In 1940, Paramount Pictures took control of DuMont after failed attempts to work with other established companies in its field, including CBS, RCA and AT&T. Preceding these failures Paramount decided to obtain stocks in another television company, DuMont. After their purchase Allen DuMont, the owner of DuMont television, began to see his powers within the company flagging as Paramount now owned a large proportion of his company. Paramount with its newfound power proceeded to appoint its own directors amongst DuMont's. The company established their coup by giving crucial financia ...
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Lord Harris Of Peckham
Philip Charles Harris, Baron Harris of Peckham (born 15 September 1942), is an English businessman and politician. A prominent Conservative Party donor, Harris is a member of the House of Lords. He is the sponsor of a large multi-academy trust, the Harris Federation. Interests Business Harris is currently an advisor and shareholder of Tapi Carpets, a flooring retailer set up recently by a number of the old Carpetright management team. Harris was the Chairman of Carpetright plc and has over fifty years' experience in carpet retailing. Harris left Carpetright in 2014, sold all of his shares and he is no longer associated with the company. He was chairman and chief executive of Harris Carpets. Harris Carpets acquired Queensway in 1977 to become Harris Queensway plc until the company was taken over in 1988. Harris was also a non-executive director of Great Universal Stores plc for 18 years, retiring from the GUS Board in July 2004. Harris became a non-executive director of Mat ...
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Merry Hill Shopping Centre
Merry Hill (formerly Westfield Merry Hill and The Merry Hill Shopping Centre) is a large shopping complex in Brierley Hill near Dudley, England. It was developed between 1985 and 1990, with several subsequent expansion and renovation projects. The centre is anchored by Marks & Spencer, Primark, Asda, Next and formerly Debenhams. The centre has over 200 shops, a retail park, cinema, food hall and ten-thousand parking spaces. Adjacent to the main shopping mall is a marina called The Waterfront accommodating a number of bars, restaurants, the studios of Black Country Radio, and the Headquarters and Control Room of West Midlands Ambulance Service. The Dudley No.1 Canal passes through The Waterfront and along the edge of the shopping centre before descending to Delph Locks. The centre's original developers and owners were Richardson Developments but it has had a number of other owners including Chelsfield, Mountleigh, Westfield Group and Intu Properties. Merry Hill is curren ...
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West Midlands (county)
West Midlands is a metropolitan county in the West Midlands Region, England, with a 2021 population of 2,919,600, making it the second most populous county in England after Greater London. It was created in 1974 by the Local Government Act 1972, from parts of Staffordshire, Worcestershire and Warwickshire. The county is a NUTS 2 region within the wider NUTS 1 region of the same name. It embraces seven metropolitan boroughs: the cities of Birmingham, Coventry and Wolverhampton, and the boroughs of Dudley, Sandwell, Solihull and Walsall. The county is overseen by the West Midlands Combined Authority, which covers all seven boroughs and other non-constituent councils, on economy, transport and housing. Status The metropolitan county exists in law, as a geographical frame of reference, and as a ceremonial county. As such it has a Lord Lieutenant. and a High Sheriff. Between 1974 and 1986, the West Midlands County Council was the administrative body covering the county; t ...
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Early 1990s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding during ...
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Allied Carpets
Allied Carpets was a small retail chain specialising in floor coverings, mainly carpets (80%) and then also laminate and wood flooring and curtains, in the United Kingdom. Following financial difficulties and several changes of ownership, the company was dissolved in 2015. History It was formed by Harold Plotnek on market stalls in Birmingham in the 1950s. In the end of the 1950s, a warehouse was opened in Birmingham. In the beginning of the 1970s, he joined with Leon Fisher George Morris and Mayer Myers each of whom operated independent carpet stores and they came together under the name Allied Carpets. The company floated on the London Stock Exchange in 1971. It was the first carpet retailer to open very large stores on busy main roads, often after redeveloping former car showrooms. Previously carpet stores were small and only had sample books to show. Allied's difference was that they were large, with rolls of carpet stocked in the stores and large stocks at a central wareh ...
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Retail Companies Established In 1967
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ...
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Defunct Retail Companies Of The United Kingdom
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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