The Gadget Shop

Last updated

The Gadget Shop
Company typeRetail chain
IndustryGadget shop
Founded1991
Defunct2005
HeadquartersEast Yorkshire
Key people
Jonathan Elvidge (founder)
ProductsGadgets, toys, lighting
Owner WHSmith

The Gadget Shop (stylised gadgetshop) was a national British high-street chain of stores, predominantly selling gadgets, toys and lighting products, founded by Jonathan Elvidge in 1991. [1] At its height, it was one of the leading UK novelty gadget retailers. The chain went into administration in 2005, and subsequently closed. Its assets have previously been owned by The Entertainer, and are currently owned by WHSmith. [2]

Contents

History

Jonathan Elvidge founded the chain in 1991. The ideology behind the chain was that its target market would be a retail experience for teenagers and young adults, offering the sale of DVD players, audio and computer equipment, alongside novelty toys. [3]

At its height, it had 45 branches across the UK, and employed around 700 people. [4]

The chain collapsed into administration in April 2005, and closed. The closure came a month after rival gadget retailer, Must Have It (formerly The Discovery Store), collapsed following difficult Christmas trading, mainly due to various department and toy stores entering the gadget market. [5] Its closure was due to a lack of agreement among owners.

Legacy

Since 2010, its current owner, retailer WHSmith, have used 'The Gadget Shop' branding on some of its products. [6]

See also

Related Research Articles

<span class="mw-page-title-main">WHSmith</span> British retailer

WH Smith PLC, trading as WHSmith, is a British retailer, with headquarters in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery.

A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world. A franchise retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales.

<span class="mw-page-title-main">Debenhams</span> Defunct British department store chain, 1778–2021

Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.

<span class="mw-page-title-main">Toys "R" Us</span> American international toy, clothing and baby product retailer

Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids and various others. The company was founded in 1948; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area.

<span class="mw-page-title-main">Hamleys</span> British multinational toy retailer

Hamleys of London Limited, trading as Hamleys, is a British multinational toy retailer, owned by Reliance Retail. Listed in the Guinness Book of Records as the world's oldest toy store, it was founded by William Hamley as "Noah's Ark" in High Holborn, London, in 1760. It moved to its current site on Regent Street in London's West End in 1881. This flagship store is set over seven floors, with more than 50,000 lines of toys on sale. It receives around five million visitors each year.

<span class="mw-page-title-main">Woolworths (United Kingdom)</span> British retail company (1909–2009)

Woolworths was a British high-street retail chain. At its height, it operated as Woolworths Group PLC, which included other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books.

<span class="mw-page-title-main">British Home Stores</span> Former British department store chain

British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products.

<span class="mw-page-title-main">Party City</span> American party supply store chain

Party City Holdco Inc, commonly referred to as Party City is an American publicly traded retail chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The companies headquarters are in Woodcliff Lake, New Jersey. The company is the largest retailer of party goods in the United States, Canada, and Mexico. The company operates over 850 company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.

<span class="mw-page-title-main">Allders</span> British department store

Allders was an independent department store operating in the United Kingdom.

<span class="mw-page-title-main">Argos (retailer)</span> British catalogue retailer

Argos Limited is a British catalogue retailer operating in the United Kingdom and formerly in the Republic of Ireland, acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos. The company trades both through physical shops and online, with 29 million yearly shop customers, and nearly a billion online visitors per annum. It has also franchised overseas to countries such as China.

Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.

T. J. Hughes, registered and styled as TJ Hughes, is a British discount department store brand which first emerged in Liverpool in 1912.

<span class="mw-page-title-main">Birthdays (retailer)</span>

Birthdays was a British High Street greeting cards retailer. From its beginning in 1966, Ron Wood Greeting Cards operated as a wholesaler of greeting cards and gift wrap in Bury, Greater Manchester. In the mid-1970s three card shops were opened and soon the number had increased to thirty. In 1986 the Birthdays concept was launched, and the product range gradually diversified to include novelties, soft toys and ornaments. Birthdays operated for over 40 years under various names.

<span class="mw-page-title-main">99p Stores</span>

99p Stores Ltd. was a family-run business founded in January 2001 by entrepreneur Nadir Lalani, who opened the first store in the chain in Holloway, London, with a further three stores opening later that year. In 2002, Lalani decided to expand the business throughout the UK and had rapidly developed 99p Stores, operating a total of 129 stores as of March 2010 and serving around 1.5 million customers each week, undercutting their main rival Poundland by a penny. As of mid-2009 the company offered more than 3,500 different product lines throughout its stores.

<span class="mw-page-title-main">Modelzone</span> British scale model brand and former high street model retail chain

Modelzone is a scale model brand owned by British retailer WHSmith, of scale models and related products are sold in WHSmith stores and online.

Poundworld was a chain of British value variety stores that sold most of its items for £1. It was founded in 1974 by Yorkshire-based father-and-son team Chris Edwards Sr. and Chris Edwards Jr. In contrast to many high street retailers, it maintained strong sales and growth during the global recession that started in 2007. Poundworld's product range consisted of over 6,000 items including groceries, health and beauty, toiletries, cleaning products and pet care, some of them known brands. At its peak it had 335 stores in England, Wales, Scotland and Northern Ireland. In 2014, it planned to open 150 new stores within three years.

<span class="mw-page-title-main">Retail apocalypse</span> Period in the 2010s where many American brick and mortar retail stores have closed or struggled

Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.

<span class="mw-page-title-main">Impact of the COVID-19 pandemic on retail</span> Aspect of viral outbreak

The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. A number of notable retailers filed for bankruptcy including Ascena Retail Group, Debenhams, Arcadia Group, Brooks Brothers, GNC, J. C. Penney, Lord & Taylor and Neiman Marcus.

The Discovery Store was a British high-street chain of stores, predominantly selling novelty gadgets, toys and lighting products. It was best known for being led by Phones 4u founder John Caudwell from 2001 to 2005.

References

  1. "Jonathan Elvidge". For Entrepreneurs Only. 17 September 2013. Retrieved 11 August 2020.
  2. Harrison, Nicola (7 September 2010). "WHSmith buys Gadget Shop". Retail Week. Retrieved 11 August 2020.
  3. "Gadget Shop folds". The Guardian. 14 April 2005. Retrieved 17 November 2020.
  4. "Entrepreneurs bring 'back to the future' corner shop concept to the Fruit Market". Wykeland. 5 July 2018. Retrieved 17 November 2020.
  5. "Gadget Shop folds". The Guardian. 14 April 2005. Retrieved 17 November 2020.
  6. "Gadget Shop Gifts". WHSmith. Retrieved 17 November 2020.