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Argos was launched with thousands of staff, taking £1 million during a week in November. Argos was purchased by BAT Industries in 1979 for £32 million. In 1980, Argos opened its Elizabeth Duke jewellery counter (named after a director's wife) and by 1982, was the United Kingdom's fourth-biggest jewellery retailer.
Habitat (a trading name of Argos Limited) is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.. Founded in 1964 by Sir Terence Conran, it merged with a number of other retailers in the 1980s to create Storehouse plc, before the latter sold Habitat to the Ikano Group, owned by the Kamprad family, in 1992.
Closeout (sale) A closeout or clearance sale ( closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy. [2]
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Alba-branded reel-to-reel tape recorder made in Japan. Alba was a British consumer electronics brand used for budget electronics. [1] Established in 1917, Alba acquired its rival Bush in 1988, and was bought by the Home Retail Group, the parent company of the retailer Argos in 2008, who in turn was taken over by J Sainsbury plc in 2016. [1]
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