Beginning of the end
Eddershaws launches closing own sale marking the end of 181 years of business.
Cardiff retailer Eddershaws has today begun a closing down sale that will see Wales’ oldest furniture retailer close in six weeks, with owner Michael Eddershaw lamenting the rise of online shopping reducing demand for upmarket contemporary furniture.
‘Eddershaws is out of sync with the times. The taste for cutting edge, modern European furniture is not widespread in Wales and the decline of the Welsh economy means that there is not the prosperity that in the past supported individual high quality stores. But the decision to finish was made principally because there is no family successor and I am long past the age of retirement,’ he told South Wales Echo.
‘Whilst quality furniture is not very successfully sold on the Internet, inroads are being made into the market at lower price levels that reduce the available customer base. Habitual users on the Internet tend not to visit stores selling high quality merchandise in the home sector as customers used to. They often settle for less than the best because of new habits, for convenience and impatience and immediate satisfaction. Many potential customers will now simply not buy except through the Internet.
‘The emphasis is on immediate consumption. Disposable income is spent on eating out, sporting entertainment, hire payments on expensive cars or renting apartments instead of saving to buy a house and then furnishing it. There is no longer the degree of interest that there once was in the quality of the home.’