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Unlike goods from the Littlewoods Catalogue, which were purchased via postal order, Index goods could be purchased at Index branches and some branches of the Littlewoods department stores. Unlike Littlewoods, Kays and Grattan, who focused mainly on Clothing, Argos (and formerly Index) focus primarily on furniture, electronics and white goods.
Argos was launched with thousands of staff, taking £1 million during a week in November. [10] 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.
In an unregulated market, prices of credence goods tend to converge, i.e. the same flat rate is charged for high and low value goods. The reason is that suppliers of credence goods tend to overcharge for low value goods, since the customers are not aware of the low value, while competitive pressures force down the price of high value goods. [6]
Welsh entrepreneur Pryce Pryce-Jones formed the first mail order company in 1861. [3] [4] He distributed catalogues of Welsh flannel across the United Kingdom, with customers able to order by mail for the first time—this following the Uniform Penny Post in 1840 and the invention of the postage stamp (Penny Black) where there was a charge of one penny for carriage and delivery between any two ...
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.
Argos has four ports in the U.S. and four in Colombia as well as two in Venezuela, one in Panama, on in the Dominican Republic and one in Haiti. In Colombia, Argos is the largest transporter of land cargo. Argos has 14 cement producing plants, of which 11 are located in Colombia and the rest are in Panama, Haiti and the Dominican Republic.
Parts I and IA (Scotland) relate to goods.Part II related to services. Part III is "supplementary". The sections on goods apply to "relevant contracts for the transfer of goods", being those where one person agrees to transfer property in goods, i.e. ownership of the goods, to another person; [3] the Act also applies to contracts for the hire of goods (sections 6 to 10A).
ARG Financial Services – provider of store card services, such as the Argos Card and Argos insurance products. Reality Group - merger of GUS Transport business, known as White Arrow, and Reality Group, a Web design, hosting and e-commerce consultancy business it had acquired for £35 million. [188] [189]