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Our Price

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41: 438:, while the increasing popularity of online shopping rendered the in-store ordering terminals redundant. Despite this, the Virgin Group continued to rebrand Our Price stores to VShop, and by April 2001, 100 Our Price branches had been converted, with the remaining 110 intended to be completed within the year. In addition, Virgin closed another 30 Our Price outlets between 1999 and 2001. 29: 380:: "There has been no real investment in the vast majority of (Our Price) stores for a long, long time. Environmentally, they're a long way away from where we'd like to be." He added, "I'm sure Virgin believes that, if the VShop concept works, it has to have international potential. Frankly, Our Price was just too 550:
In September 2003, even after increasing profitability across their store network, Brazin Limited sold all 118 stores of Sanity in the United Kingdom to Lee Skinner's investment company, Primemist Limited, for an estimated £9 million, citing higher expectations not met. At this stage, some shops
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said that the music market in the United Kingdom was one of the strongest in the world that year, and he expected a "50 per cent increase in music revenues from day one." Further to the deal, Virgin would get 1% of all turnover in the stores, in conjunction with offering Brazin a £2 million loan
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was a comparison website which was established in 2003, it was owned by Our Price Records Limited, a newly incorporated company in June 2003, just months before the retail arm went into administration. The site sold directly to customers online and through locations in third party stores, much like
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In November 2002, Brazin acquired the remaining 41 VShop music and mobile phone shops, all former Our Price outlets, from the Virgin Group for £2 million. These shops were added to the network already acquired, in addition to the new Sanity shops being established by Brazin. The first of these
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Primemist Limited immediately struggled to operate the chain due to major credit limit reductions from suppliers, and had no alternative but to enter into administration in December 2003. Buyers for the entire business, or individual parts of it, could not be found. By April 2004, administrators
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Around this time, WH Smith opened 23 new Virgin Megastores, while closing nineteen Our Price branches. Even though Our Price had more outlets, over half the turnover then consisted of sales from stores trading under the Virgin brand with their larger footprints in locations with higher customer
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retail chain, a move which (with both Our Price and Virgin brands combined) would push them back ahead of HMV in market share. The next year, Virgin/Our Price increased profits by 10%. However, sales dropped by 3% in the year to May 1997, a contraction experienced throughout the industry.
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the Virgin find and buy service, and featured products which extended further than the music and entertainment industry. The business went into liquidation in April 2017, and as of September 2019 the company website was defunct. The website was subsequently relaunched using the
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tape format, and some towns eventually had two or three Our Price branded stores. Our Price Video was later rebranded under the Playhouse fascia, but failed to establish a significant market share in VHS sales, and it was wound up by then owners WH Smith in 1997.
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were relaunched as Virgin Gamestores, selling both gaming software and hardware. By November that year, a total of 18 former VShops were converted to the Virgin Megastore Xpress fascia, increasing sales by around 30% year on year.
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on 9 May 2002, to positive customer reactions and strong sales. The Sanity/Our Price outlets were already starting to return on investments, and overall company operating profit rose to 32% in the year to 30 June 2002.
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stores. It paid £2 for the Our Price stores and gained exclusive licence rights in Australia for Virgin Entertainment, which had last traded there nine years earlier, under the co-ownership of the Virgin Group and
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These reconfigured stores removed the bulk of back catalogue CDs from display with the hope that customers could order these instore for home delivery through dedicated computer terminals, which Virgin called
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the largest). Brand recognition was driven by pun-rich radio advertising built around the "Get Down To Our Price" slogan, which later transferred to television featuring an animated carrier bag called Billy.
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facility. Brazin also made a commitment to restrict the size and proximity of its Sanity stores in the United Kingdom to ensure they did not pose a large competitive threat to Virgin's other music shops.
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would be relaunched again as Virgin Megastore Xpress, with a move away from mobile phone retailing and return to a larger number of back catalogue products. Another two VShop outlets in
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1980s styled nostalgia advertisement, screened in the United Kingdom from January 2009. The advert was created to celebrate 25 years of Virgin Atlantic, and ceased airing in mid-2010.
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In 1998, WH Smith sold Virgin/Our Price for £145 million to a division of the Virgin Group of companies in response to the stores losing £127 million in the year to date.
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In addition to the nominal £2 paid, Brazin paid £900 million to the Virgin Group while getting that exact amount back from Virgin for tax efficiency purposes. Brazin's CEO
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The Our Price brand relaunched on 30 April 2024, the 20th anniversary of the final store closure. This online-only iteration of Our Price specialises in vinyl, merchandise and
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domains and trademarks were acquired by a group of friends – all ageing musicians and DJ's. This online-only iteration of Our Price specialises in vinyl, merchandise and
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record store of the '80s." Virgin had no immediate plans for the remaining 127 Our Price branded stores, until they saw how well the VShop chain would be received.
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for £43 million, with Smith's Sound FX immediately absorbed into Our Price. Several members of senior management left the company in 1989 to create the rival
1506: 1501: 1491: 784: 246:, as record labels began to distribute the new CD format. In 1993, the by then three-hundred-store chain was renamed for the final time simply as Our Price. 272:, which had numerous high street retail sites around the UK. Thereafter, rapid national expansion followed, with the 100th Our Price store opening in the 1454: 1428: 1402: 1376: 714: 211:
chain of record stores in the United Kingdom and Ireland from 1971 until 2004. Ourprice.com reopened online on 30 April 2024 with new owners.
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In the first half of the 1980s Our Price established itself as the United Kingdom's second largest retailer of records and tapes (with
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kiosks. The so-called 'clicks and mortar' strategy aimed to combine high street shopping with emerging internet shopping trends.
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in the late 1980s established a chain of newer, larger stores, which threatened and eventually overtook Our Price in popularity.
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These markets fell away as the chain grew substantially from 1980 onwards, when the company purchased the existing chain
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started to scale down its entertainment retail division in the United Kingdom. In September 2007, it sold its domestic
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After this takeover in 1998, the Virgin Group attempted to sell Our Price to its own management team, in a failed
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In July 2002, the Virgin Group announced that three VShops in Brixton, which had been Our Price's 300th shop,
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Early in 2002, Brazin experienced multiple delays in rebranding the Our Price stores due to difficulties with
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Founded in 1971 by Gary Nesbitt, Edward Stollins and Mike Isaacs, their first store was located in London's
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branded as Surplus Records, and a mail order business driven largely by advertising in the music press.
40: 367:. In August 2000, it was announced that the Our Price name would be dropped from 102 stores, mainly in 1252: 493:. The company also moved the group's headquarters from the former Our Price central London offices to 462: 435: 376: 333: 998: 427: 518: 502: 368: 364: 300:
A sister chain, Our Price Video, was established to capitalise on the growing success of the new
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The company's headquarters were in London, with an administrative office above the store on
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From 1976, the chain was rebranded as Our Price Records, in response to higher demand for
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had closed all the Our Price stores, resulting in the redundancy of 400 staff members.
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were yet to be rebranded from Our Price; however, all VShop outlets were gone.
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Brazin was a major Australian entertainment retailer, which operated the 265
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During the announcement, Our Price's commercial director, Neil Boote, told
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a brand with no (particularly unique selling points). It epitomised the
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In 1984, Our Price was the first specialist music store to float on the
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over eight tracks or cassettes. In 1988, it was rebranded once again as
597: 281: 182: 1153:"Music Retailer moves into Southsea Agency Partnership pays dividends" 28: 396: 261:" albums from the United States, a remainder and over-stock store on 86: 715:"COMPANY NEWS; W. H. SMITH TO MERGE RECORD CHAIN WITH VIRGIN RETAIL" 662:"Legendary high street record store Our Price is making a comeback" 567: 913:"Never mind the high street: Branson sells his Virgin Megastores" 426:
Virgin lost out to music and mobile phone competitors such as
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in a management buy-out, and they were subsequently renamed
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In March 1994, WH Smith also bought a majority interest in
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An Our Price Records branded store was briefly seen in a
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Five VShops reopened on 4 September 2000, located in
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Until 1976, the first six stores were branded 966:"Branson sheds Our Price rump in cashless deal" 1487:Defunct retail companies of the United Kingdom 33:Previous Our Price logo used at physical shops 1074:"Brazin lifts its profit in Virgin territory" 8: 530:new outlets opened in October at Conswater, 21: 1021:"Sanity set to roll out stores from London" 501:on 23 April 2002, and the second opened at 489:, heritage listings, and negotiations with 1356:"Virgin Atlantic: 25 Years, Still Red Hot" 1331:"Final Sanity shops shut as buyers sought" 1101:"Virgin introduces Megastore Xpress brand" 1047:"Sanity store launch reports strong sales" 371:, in favour of the Virgin name, or VShop. 20: 940:"BBC News: Virgin sheds Our Price stores" 1512:British companies disestablished in 2004 16:Chain of record stores from 1971 to 2004 1497:Retail companies disestablished in 2004 1304:"Administrators close 31 Sanity stores" 994:"Virgin sheds chain to enter Australia" 653: 1201:"Brazin sells Sanity to Primemist Ltd" 1175:"VShop to disappear after Sanity deal" 688:"Our Price disappears in Virgin remix" 644:and books planned for future release. 624:and books planned for future release. 328:. Two years later, it was acquired by 253:and promotional offices in Wood Lane, 1507:British companies established in 1971 1502:Music retailers of the United Kingdom 7: 1492:Retail companies established in 1971 1128:"Sanity deal kills off VShop format" 736:Connon, Heather (28 February 1994). 600:platform, but has since shut down. 470:. Virgin Megastores were opened in 911:Gibson, Owen (18 September 2007). 14: 1253:"Sanity goes into administration" 1226:Riera, Jose (26 September 2003). 887:"VEG's New Concept For Our Price" 842:"WH Smith Profits Up 32 Per Cent" 562:The final Our Price to close, in 1277:Team, Online (5 December 2003). 1126:Team, Online (1 November 2002). 964:Bowers, Simon (4 October 2001). 885:Ferguson, Tom (26 August 2000). 822:from the original on 24 May 2022 787:from the original on 24 May 2022 752:from the original on 24 May 2022 39: 27: 992:Cave, Andrew (4 October 2001). 771:Cope, Nigel (24 August 1995). 415:taking up 25% of floor space. 320:Flotation and sale to WH Smith 1: 1329:Team, Online (2 April 2004). 1279:"BDO hopes to save Our Price" 1072:Todd, Mark (23 August 2002). 806:Pain, Derek (23 March 1996). 686:Finch, Julia (6 April 2001). 604:Our Price domain and relaunch 774:"WH Smith to axe 1,000 jobs" 717:. nytimes.comk. 3 March 1994 608:Between 2012 and 2021, the 121:; 20 years ago 98:; 53 years ago 1528: 215:Founding and early history 85:Entertainment & music 1079:The Sydney Morning Herald 164:Edward Stollins (founder) 38: 26: 276:, Chelsea, the 200th at 168:Lee Skinner (last owner) 47:Bangor, Caernarvonshire 432:The Carphone Warehouse 251:Kensington High Street 162:Gary Nesbitt (founder) 140:Kensington High Street 534:, and in November at 326:London Stock Exchange 166:Mike Isaacs (founder) 1365:– via YouTube. 64:The Tape Revolution 1207:. 24 September 2003 999:The Daily Telegraph 446:In the early 2000s 225:The Tape Revolution 23: 593:www.ourprice.co.uk 587:www.ourprice.co.uk 503:Paddington station 369:South East England 365:management buy-out 263:Charing Cross Road 130:(physical stores) 69:Our Price Records 1310:. 13 January 2004 1181:. 28 October 2002 628:Our Price in 2024 546:Sale to Primemist 452:Virgin Megastores 401:Notting Hill Gate 308:The expansion of 280:and the 300th in 270:Harlequin Records 233:eight-track tapes 202: 201: 111:, London, England 45:The Our Price in 1519: 1471: 1470: 1468: 1466: 1451: 1445: 1444: 1442: 1440: 1425: 1419: 1418: 1416: 1414: 1399: 1393: 1392: 1390: 1388: 1373: 1367: 1366: 1364: 1362: 1352: 1346: 1345: 1343: 1341: 1326: 1320: 1319: 1317: 1315: 1300: 1294: 1293: 1291: 1289: 1274: 1268: 1267: 1265: 1263: 1249: 1243: 1242: 1240: 1238: 1223: 1217: 1216: 1214: 1212: 1197: 1191: 1190: 1188: 1186: 1171: 1165: 1164: 1162: 1160: 1149: 1143: 1142: 1140: 1138: 1123: 1117: 1116: 1114: 1112: 1097: 1091: 1090: 1088: 1086: 1069: 1063: 1062: 1060: 1058: 1043: 1037: 1036: 1034: 1032: 1017: 1011: 1010: 1008: 1006: 989: 983: 982: 980: 978: 961: 955: 954: 952: 950: 936: 930: 929: 927: 925: 908: 902: 901: 899: 897: 882: 876: 875: 873: 871: 860: 854: 853: 851: 849: 838: 832: 831: 829: 827: 811: 803: 797: 796: 794: 792: 776: 768: 762: 761: 759: 757: 741: 733: 727: 726: 724: 722: 711: 705: 704: 702: 700: 683: 670: 669: 668:. 29 April 2024. 658: 636:equipment; with 616:equipment; with 557:BDO Stoy Hayward 532:Northern Ireland 499:Waterloo station 312:by owners Thorn 284:, South London. 229:compact cassette 198: 195: 142:, United Kingdom 129: 127: 122: 106: 104: 99: 77: 74:Our Price Music 72: 67: 43: 31: 24: 1527: 1526: 1522: 1521: 1520: 1518: 1517: 1516: 1477: 1476: 1475: 1474: 1464: 1462: 1461:. 30 April 2024 1453: 1452: 1448: 1438: 1436: 1435:. 30 April 2024 1427: 1426: 1422: 1412: 1410: 1409:. 30 April 2024 1401: 1400: 1396: 1386: 1384: 1383:. 30 April 2024 1375: 1374: 1370: 1360: 1358: 1354: 1353: 1349: 1339: 1337: 1328: 1327: 1323: 1313: 1311: 1302: 1301: 1297: 1287: 1285: 1276: 1275: 1271: 1261: 1259: 1251: 1250: 1246: 1236: 1234: 1225: 1224: 1220: 1210: 1208: 1199: 1198: 1194: 1184: 1182: 1173: 1172: 1168: 1158: 1156: 1151: 1150: 1146: 1136: 1134: 1125: 1124: 1120: 1110: 1108: 1099: 1098: 1094: 1084: 1082: 1071: 1070: 1066: 1056: 1054: 1045: 1044: 1040: 1030: 1028: 1027:. 20 April 2002 1019: 1018: 1014: 1004: 1002: 991: 990: 986: 976: 974: 963: 962: 958: 948: 946: 938: 937: 933: 923: 921: 910: 909: 905: 895: 893: 884: 883: 879: 869: 867: 862: 861: 857: 847: 845: 840: 839: 835: 825: 823: 815:The Independent 805: 804: 800: 790: 788: 780:The Independent 770: 769: 765: 755: 753: 745:The Independent 735: 734: 730: 720: 718: 713: 712: 708: 698: 696: 685: 684: 673: 660: 659: 655: 650: 630: 606: 590: 580:Virgin Atlantic 576: 574:Brand afterlife 548: 468:Blockbuster Inc 444: 361: 341:Richard Branson 322: 290: 244:Our Price Music 217: 192: 181: 179: 177: 167: 165: 163: 159: 149: 131: 125: 123: 120: 102: 100: 97: 75: 73: 70: 68: 65: 63: 59: 50: 34: 17: 12: 11: 5: 1525: 1523: 1515: 1514: 1509: 1504: 1499: 1494: 1489: 1479: 1478: 1473: 1472: 1446: 1420: 1394: 1368: 1347: 1321: 1295: 1269: 1244: 1218: 1192: 1166: 1144: 1118: 1107:. 27 July 2002 1092: 1064: 1038: 1012: 984: 956: 931: 903: 877: 855: 833: 798: 763: 728: 706: 671: 652: 651: 649: 646: 629: 626: 605: 602: 589: 584: 575: 572: 547: 544: 538:, followed by 443: 442:Sale to Brazin 440: 421:Find & Buy 360: 359:Sale to Virgin 357: 321: 318: 289: 286: 216: 213: 207:was a British 200: 199: 190: 186: 185: 174: 170: 169: 160: 157: 154: 153: 152:United Kingdom 150: 147: 144: 143: 137: 133: 132: 117: 113: 112: 94: 90: 89: 83: 79: 78: 60: 55: 52: 51: 44: 36: 35: 32: 15: 13: 10: 9: 6: 4: 3: 2: 1524: 1513: 1510: 1508: 1505: 1503: 1500: 1498: 1495: 1493: 1490: 1488: 1485: 1484: 1482: 1460: 1456: 1450: 1447: 1434: 1430: 1424: 1421: 1408: 1404: 1398: 1395: 1382: 1378: 1372: 1369: 1357: 1351: 1348: 1336: 1332: 1325: 1322: 1309: 1305: 1299: 1296: 1284: 1280: 1273: 1270: 1258: 1254: 1248: 1245: 1233: 1229: 1222: 1219: 1206: 1202: 1196: 1193: 1180: 1176: 1170: 1167: 1155:. 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Index



Bangor, Caernarvonshire
Trade name
retail
Finchley Road
Kensington High Street
T-Shirts
ourprice.com
high Street
Finchley Road
compact cassette
eight-track tapes
vinyl records
Kensington High Street
White City
cut-out
Charing Cross Road
Kings Road
Stirling
Brixton
Woolworths
VHS
HMV
EMI
London Stock Exchange
WH Smith
MVC
Richard Branson
Virgin Music

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