British Retailer Thrives the U.S. Way
Matalan, British retailer that most resembles American discount chains, is thriving while profits are shrinking at other British retailers; John Hargreaves started warehouse-type store in Preston in 1985 after being impressed by supercenters he observed on a visit to Los Angeles, and today his 52 percent stake in Matalan is worth some $2.2 billion; Matalan offers the value that British consumers are increasingly demanding; photo (M)