About
Sound World Born during December 1974 |
Sound World - The
Inception
by Spero Davias Sound World,
a retail music store, was established in December 1974 as a
partnership, in the Newcastle suburb of Cardiff. Both
partners were managing separate ventures
at the time, but came together in our shared love of music to create
the store. Whilst both had considerable business
acumen, neither knew much about
this side of the music business. Armed with contacts from my work as an
electrical contractor, I took the opportunity to accompany Reg Mason
(on the
verge of selling his own record store, Impact Sounds) to forge
connections with
record company managers. I also borrowed heavily on store layout ideas
from
Neil's record shop in Wallsend. On a very limited budget we set to
work,
transforming the Cardiff space into a haven for music enthusiasts. Sound
World Cardiff 1974
To capitalise on the Christmas trading
period, we had to devise creative
ideas to maximise revenue. Record racks were filled with blank record
covers
that were used to secure customer orders. By end of the day’s trade,
those
orders were relayed to suppliers like Warner Bros, EMI, Phillips, RCA,
CBS,
Astor and 7 Records. Then we would drive to Sydney that evening to pick
up and
pay for stock (left at Reception) with the money obtained from that
days' shop
trading. This regular routine, fuelled by the day's earnings, often
culminated
in our return well past midnight and over time helped establish much
needed
cash flow to consolidate the business. A few months later, while wrapping up
electrical work, I chanced on a
“For Lease” sign in the busy Newcastle suburb of Mayfield. I called my
partner
and proposed the idea of expanding our business to Mayfield and we
swiftly
secured a lease to this site. With the help of local builder Malcolm
Fraser, we
set about an extensive store fit-out to open by April 1975. By
this time, the dynamics of the business partnership proved less
harmonious which prompted a decision to part ways in November 1975.
With a
simple toss of a coin, the fate of each store was sealed – Mayfield
became
solely mine and the Cardiff store became my partners. Record
Store racks
Garry and Kevin from their King St Jeanery
store in the CBD agreed to
expand into half of the space. Archways
were installed seamlessly connecting the businesses whilst allowing for
distinct identities and offerings. This enriched the shopping
experience for
customers, cementing this location as a “happening” place for the
latest trendy
offerings in music and fashion. As my focus shifted, my electrical
contracting business tapered off,
drawn by the immediate financial rewards of retail. Yet, fuelled by a
desire to
innovate, I yearned to integrate my technical expertise into the
business
through computerisation, a vision that necessitated expansion. In 1980, Newcastle's largest record store
'Green Apple' was advertised
for sale at the Kotara Fair Shopping Centre. After negotiations, a deal
was
struck – one that carried a high price tag, a hefty investment- but one
that
paved the way for my ambitious expansion plans. Not long after the acquisition of the Green
Apple, I wanted to rebrand the
Kotara store to match the Mayfield store. Once again, I used Malcolm
Fraser to
do the shop fitout. Balancing the demands of daytime trading with the
need for
renovation, we embarked on a gruelling schedule of night time
refurbishments.
The walkway outside the shop became the makeshift workspace, and for
months
this routine persisted until completion. For
some years Sound World Kotara boasted brisk trade and outstanding
turnover which validated the time, effort and money that had been
expended.
However, the winds of change swept through Kotara Fair when it was sold
to AMP
Properties, heralding a total refurbishment and expansion plans with
its
re-branding as Garden City. We were sold on being part of their future
vision
and asked to weather the storm. In 1986 we were assigned to trade in a
small
space in the re-purposed David Jones multi-story car park no bigger
than an
average bathroom. Sound
World Mayfield 1976
In December 1989 Newcastle was struck by an earthquake which shut down all business in Newcastle CBD whilst engineers certified every building for safety. This closure took many weeks, once again impacting negatively on cash flow and led to an overall decline in business. With the end of the
Hunter St store lease, another
opportunity presented with a large space vacant one block east from
there.
Lease negotiations proceeded and a Sound World MegaStore was opened in
September 1992 a testament to resilience and ambition in the face of
adversity.
Amidst the lingering aftermath of the earthquake, trading in our new
Mega Store
saw modest results, reflecting the gradual recovery of the Hunter St
Mall.
However, our Garden City Kotara store faced its own upheavals,
undergoing
multiple temporary relocations before settling into its final location
in the
main Mall May 1995. Driven by a vision of
continued expansion, I seized
the chance to lease a vacant shop in Maitland's main street, owned by
none
other than a former employer from my apprentice days, Bill Miller.
After lease
negotiations, the premises underwent a fit-out and opened its doors in
July
1997. Maitland Sound World enjoyed buoyant trade and strong revenues
for 6
years until we sold the business in 2003. In 2004, lease renewal negotiations for Sound World Westfield were started. The new lease attracted an 100% increase in the annual rent. All efforts to negotiate were rebutted and we had no option but to walk away after a tenure of over 24 years. Despite local media support, Westfield management were unsympathetic and immovable. Sound
World Mayfield 1976
Overview By the mid 1980's Sound World had 5 retail
stores, located throughout
Newcastle and the Hunter Valley, creating the largest music retail
chain in
Newcastle. During March 1983, Sound World was incorporated into an
Australian
Pty Limited Company. Sound World's founding director and CEO, was also
heavily
involved with technology, which evolved part of the business being
retail music
whilst the other part concentrated on high tech sales and
installations. Led by
CEO, the company diversified its portfolio, venturing into technology
sales and
installations alongside its core music retail business. Embracing the
digital
age, Sound World pioneered online commerce in 1995, carving a niche as
one of
Australia's early web-based enterprises. A transformative restructure
in 2006
saw the company pivot away from local retail outlets, shifting focus to
high-tech markets such as Voice over IP, wireless broadband, and tech
product
importation and distribution, marking a bold stride into the future of
technology
innovation and commerce. Sound
World began its online web store during 'the web pioneering days'
of 1995. We were one of the early Australian companies on the web.
During 2006,
Sound World undertook a major restructure, winding down its local
retail
business outlets and outsourcing it's on line music sales from the
world's
leading music providers. As part of the new restructure, Sound World is
now
concentrating further within the hi tech market, Voice over IP
technology, High
speed wireless broadband, importing and distribution of tech products
as well
as investigating and marketing new technology. |
Sound World Enterprises
Newcastle Australia - spero@soundworld.com.au Established in 1974 and on line in 1995 The last store in the chain was closed during 2006 |
About Us | |
|
|
|
|
|