170:"must have IT"), and changed the focus from toys, to just predominantly selling gadgets. All stores had been converted to this new format by August 2004. Must Have It stopped trading on the high street and online in March 2005, citing difficult Christmas trading, and increased competition from various department stores who had recently entered the gadget market. This is also evidenced as rival chain,
47:
169:
In June 2004, John
Caudwell claimed that The Discovery Store's previous managers "had failed to hit the vision had for the stores" - and wanted to make the chain "the true place of discovery for the latest gadgets". The Discovery Store opened three concept stores entitled Must Have It (stylised as
185:
In 2009, The
Discovery Store trademark was purchased from The Caudwell Group by Barry and Geraldine Ricketts, who used it to re-open the chain. The business began to trade online and gradually began to start opening high-street locations. In 2012, The Discovery Store went into administration, with
194:
In 2010, when questioned about his biggest business failure, John
Caudwell stated that "I put too much effort into running a chain of gadget stores, “Must Have It”, in about 2002. I founded this as a national chain and stuck with it far too long, persevering for maybe two years, but the formula
162:
claimed "I am committed to making the number one for boys' toys and gadgets in the UK", as well as citing ideas for flagship stores in major city locations. Whilst these large plans would never materialise, the chain would increase by 21 outlets, expanding its size to 52 stores, as well as an
178:
599:
594:
143:, North Yorkshire in 1991, and by the early 2000s had expanded operations across the United Kingdom. In 2001, the Raysun Group placed The Discovery Store's 31 outlets into administration with
579:
589:
574:
584:
604:
119:) was a British high-street chain of stores, predominantly selling novelty gadgets, toys and lighting products. It was best known for being led by
166:
The company made profit by the end of 2001, however would lose ÂŁ3 million by the end of 2002, and would lose ÂŁ38 million by June 2004.
30:
This article is about the former UK chain of gadget stores. For the
American stores owned by the TV network of the same name, see
356:
517:
139:
The business was formed by Barry and
Geraldine Ricketts with Alan Mitchell as part of the family-owned Raysun Group Plc in
406:
140:
249:
278:
330:
31:
304:
492:
542:
150:
Later on in 2001, The
Discovery Store was bought out of administration for around ÂŁ30 million by
128:
432:
467:
459:
204:
171:
151:
381:
46:
568:
224:
159:
124:
87:
382:"MUST HAVE IT LIMITED - Overview (free company information from Companies House)"
331:"MUST HAVE IT LIMITED - Overview (free company information from Companies House)"
177:
410:
471:
155:
120:
17:
186:
the company only proceeding forward online until its demise in 2016.
176:
225:"The Discovery Store Discount Codes, Sales & Cashback Offers"
600:
Companies that have entered administration in the United
Kingdom
144:
595:
Consumer electronics retailers of the United
Kingdom
102:
94:
80:
72:
64:
56:
335:find-and-update.company-information.service.gov.uk
357:"Discovery Store embarks on Must Have IT rebrand"
580:Companies based in Scarborough, North Yorkshire
590:Defunct retail companies of the United Kingdom
518:"Discovery Store bought out of administration"
90:, Geraldine Ricketts, Jonathan James Ricketts
8:
39:
174:, also folded a month after in April 2005.
273:
271:
45:
38:
493:"Trade Mark Details as at 28 March 2013"
216:
575:Online retailers of the United Kingdom
7:
585:Retail companies established in 1991
250:"Caudwell buys 31 Discovery outlets"
605:Toy retailers of the United Kingdom
51:Former logo used in the early 2000s
27:British high-street chain of stores
154:, best known for its ownership of
25:
543:"My First Billion: John Caudwell"
279:"Caudwell to run Discovery Store"
181:The former logo for Must Have It.
409:. 24 August 2004. Archived from
1:
355:Morrell, Liz (25 June 2004).
458:Tran, Mark (14 April 2005).
106:Addcore Limited (trademarks)
163:increased online presence.
621:
386:beta.companieshouse.gov.uk
29:
305:"Must Have It has had it"
44:
98:Gadgets, toys, lighting
32:Discovery Channel Store
182:
229:www.topcashback.co.uk
180:
131:) from 2001 to 2005.
460:"Gadget Shop folds"
407:"Untitled Document"
113:The Discovery Store
41:
40:The Discovery Store
522:The Yorkshire Post
285:. 9 September 2001
183:
152:The Caudwell Group
129:The Caudwell Group
439:. 26 January 2005
413:on 24 August 2004
311:. 2 February 2005
110:
109:
16:(Redirected from
612:
559:
558:
556:
554:
539:
533:
532:
530:
528:
514:
508:
507:
505:
503:
497:
489:
483:
482:
480:
478:
455:
449:
448:
446:
444:
429:
423:
422:
420:
418:
403:
397:
396:
394:
392:
378:
372:
371:
369:
367:
352:
346:
345:
343:
341:
327:
321:
320:
318:
316:
301:
295:
294:
292:
290:
275:
266:
265:
263:
261:
246:
240:
239:
237:
235:
221:
86:Barry Ricketts,
49:
42:
21:
620:
619:
615:
614:
613:
611:
610:
609:
565:
564:
563:
562:
552:
550:
549:. 23 April 2010
547:Financial Times
541:
540:
536:
526:
524:
516:
515:
511:
501:
499:
498:. 28 March 2013
495:
491:
490:
486:
476:
474:
457:
456:
452:
442:
440:
431:
430:
426:
416:
414:
405:
404:
400:
390:
388:
380:
379:
375:
365:
363:
354:
353:
349:
339:
337:
329:
328:
324:
314:
312:
303:
302:
298:
288:
286:
277:
276:
269:
259:
257:
256:. 29 April 2001
248:
247:
243:
233:
231:
223:
222:
218:
213:
205:The Gadget Shop
201:
192:
172:The Gadget Shop
137:
115:(also known as
83:
52:
35:
28:
23:
22:
15:
12:
11:
5:
618:
616:
608:
607:
602:
597:
592:
587:
582:
577:
567:
566:
561:
560:
534:
509:
484:
450:
424:
398:
373:
347:
322:
296:
267:
241:
215:
214:
212:
209:
208:
207:
200:
197:
195:didn’t work."
191:
188:
136:
133:
108:
107:
104:
100:
99:
96:
92:
91:
84:
81:
78:
77:
74:
70:
69:
66:
62:
61:
58:
54:
53:
50:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
617:
606:
603:
601:
598:
596:
593:
591:
588:
586:
583:
581:
578:
576:
573:
572:
570:
548:
544:
538:
535:
523:
519:
513:
510:
494:
488:
485:
473:
469:
465:
461:
454:
451:
438:
437:The Telegraph
434:
433:"City briefs"
428:
425:
412:
408:
402:
399:
387:
383:
377:
374:
362:
358:
351:
348:
336:
332:
326:
323:
310:
306:
300:
297:
284:
283:The Telegraph
280:
274:
272:
268:
255:
254:The Telegraph
251:
245:
242:
230:
226:
220:
217:
210:
206:
203:
202:
198:
196:
189:
187:
179:
175:
173:
167:
164:
161:
160:John Caudwell
157:
153:
148:
146:
142:
134:
132:
130:
126:
125:John Caudwell
122:
118:
114:
105:
101:
97:
93:
89:
88:John Caudwell
85:
79:
75:
71:
67:
63:
59:
55:
48:
43:
37:
33:
19:
551:. Retrieved
546:
537:
525:. Retrieved
521:
512:
502:28 September
500:. Retrieved
487:
475:. Retrieved
464:The Guardian
463:
453:
441:. Retrieved
436:
427:
415:. Retrieved
411:the original
401:
389:. Retrieved
385:
376:
364:. Retrieved
360:
350:
338:. Retrieved
334:
325:
313:. Retrieved
308:
299:
287:. Retrieved
282:
258:. Retrieved
253:
244:
232:. Retrieved
228:
219:
193:
184:
168:
165:
149:
138:
127:(as part of
117:Must Have It
116:
112:
111:
60:Must Have It
36:
18:Must Have It
553:12 November
477:11 November
443:11 November
361:Retail Week
315:12 November
309:Retail Week
289:12 November
260:12 November
141:Scarborough
569:Categories
211:References
82:Key people
472:0261-3077
340:26 August
156:Phones 4u
121:Phones 4u
527:5 August
391:5 August
234:5 August
199:See also
123:founder
95:Products
57:Formerly
417:1 March
366:1 March
135:History
73:Defunct
65:Founded
470:
190:Legacy
496:(PDF)
103:Owner
555:2020
529:2020
504:2020
479:2020
468:ISSN
445:2020
419:2021
393:2020
368:2021
342:2021
317:2020
291:2020
262:2020
236:2020
145:KPMG
76:2016
68:1991
571::
545:.
520:.
466:.
462:.
435:.
384:.
359:.
333:.
307:.
281:.
270:^
252:.
227:.
158:.
147:.
557:.
531:.
506:.
481:.
447:.
421:.
395:.
370:.
344:.
319:.
293:.
264:.
238:.
34:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
