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Matalan Retail Ltd is a British clothing, homeware and toy retailer based in Knowsley, Merseyside, founded by John Hargreaves in 1985. In August 1988, its operations director at the time, Duncan Sullivan, transformed Matalan into an out-of-town warehouse-style, membership-only cash-and-carry business, inspired by Sam's Club in the United States.
A closeout or clearance sale (also called a 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 ]
Hargreaves left school at 14, went into the retail business when he was 16, and opened the first Matalan store in Preston in 1985. [1] Matalan has over 200 stores in the UK, and employs over 16,000 people. He resigned as chairman of Matalan in November 2007, less than a year after taking the company private. [3]
In 2007 Ashley held talks with John Hargreaves, founder of Matalan on both taking a 25% stake in the troubled retail business and installing mezzanine floors in larger Matalan stores, on which SportsDirect.com outlets could be operated. [16] In June 2007, the company acquired Everlast for £84 million. [17]
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Newton Abbot, Henry Warren & Son (men's and boys' outfitters; acquired 1971; closed 1974 with the business incorporated into Dingles. After closure the premises were converted into a branch of Southwest Rentals, closing in 1977. The shop was at 8 Bank Street) [173] Northampton, House of Fraser (formerly Beatties; acquired 2005; closed 2014.
Beyond the main shopping centre is a separate retail park which has a number of shops and restaurants and also a cinema. Stores in this area include Wren Kitchens, Oak Furniture Land, Bensons for Beds, The Range, Currys, B&M Home & Garden, Carpetright, Halfords, Pets at Home and Matalan among others.
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