User:Ark25/Tempo (retailer)
Tempo was a British electrical retailer based in Tolworth, Surrey.[1]
In 1997, Tempo was Britain's fifth biggest electrical retailer and it had 29 stores in London and the South-east.[2]
The chain made operating profits of £2.9m sterling on sales of £85.7m sterling in the year to the end of June 1996.[2]
In 2001, the group had 37 stores, 800-plus employees and an annual turnover of around £150 million.[1]
History
[edit]Tempo was founded in the early 1970s by Gerald Kraftman's and remained family controlled.[2]
In 1992, venture capital group 3i invested £3.25m sterling for a 23.5 per cent stake to fund expansion into electrical superstores, offering computers alongside traditional TV, hi-fi and kitchen electricals, including washing machines and fridges.[2]
In September 2001, Tempo went into administration.[1][3]
One of Tempo's stores occupied the Next store location on Interchange Retail Park in Kempston, Bedford.
Staff were encouraged to wear 'talk to me' badges.
Tempo was one of the first electrical retailers to specialise in the PC and laptop market.
Tempo used 'Branch 2' for its electrical warranty repairs.
References
[edit]- ^ a b c Robert Blincoe (28 September 2001). "Tempo in administration". The Register. Retrieved 12 November 2014.
- ^ a b c d Paul Farrelly (January 5, 1997). "Tempo looks at float to finance stores". The Independent. Retrieved November 12, 2014.
- ^ http://www.pcadvisor.co.uk/news/desktop-pc/1567/tempo-goes-into-administration/
External links
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