Retailers
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Sep- 2020 -22 September
Watches of Switzerland unveils Knightsbridge Rolex showroom
Watches of Switzerland has announced the opening of a new Rolex showroom located in Knightsbridge. The new 1,377 sq. ft showroom is situated within the existing Watches of Switzerland flagship showroom on the Brompton Road. It comes as the group has celebrated a “close relationship” with Rolex since becoming an…
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22 September
Footfall rises despite ‘rule of six’
Footfall across all retail destinations in the UK has risen by 2.4% in the last week, despite the government’s new ‘rule of six’ social distancing measure, according to data from analytics company Springboard. High street retailers saw a footfall increase of 5.2%, while shopping centres and retail parks saw a…
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15 September
Unemployment rate rises to 4.1% in July
The rate of unemployment in the UK increased 0.2% to 4.1% in the two months to July 2020, according to the ONS. The UK economic inactivity rate was also estimated at a joint record low of 20.2%, 0.6 percentage points lower than the previous year and 0.3 percentage points lower…
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14 September
Covid-19 relief package saves family jewellers
Sinclairs, the family-run jewellers in Inverurie, has secured £125,000 from the Coronavirus Business Loan Scheme (CBLS) to support the firm as it navigates the financial impact of the pandemic. The business is headed by Ian and Debbie Sinclair, whose family has managed the jewellers for over 40 years. The financial…
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14 September
Tag Heuer partners with Beaverbrooks for new Leicester boutique
Luxury watchmaker Tag Heuer has opened a new boutique in partnership with jeweller Beaverbrooks in Leicester’s Highcross shopping centre on Friday (11 September). Tag Heuer said it aims for the 30.67sqm store to welcome customers in the “spirit of the brand” and features a contemporary design and its “iconic” red…
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11 September
LVMH plans counter lawsuit against Tiffany & Co
LVMH has announced it plans to file a counter lawsuit against Tiffany & Co after the collapse of a takeover deal. Tiffany & Co filed a lawsuit against the company after LVMH cancelled its proposed $16.2bn (£12.4bn) acquisition of the French luxury retailer earlier this week. The initial lawsuit was…
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10 September
NAJ encouraging consumers to buy jewellery this Christmas
The NAJ has announced it has actioned a significant fund to deliver a targeted press and PR advertising campaign to influence the general public to buy jewellery this Christmas. The campaign will be delivered by an external PR agency, for a five-figure sum, to influence a targeted group in society…
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10 September
Government launches new ‘bounce back’ plan for retailers
A new series of measures has been announced by the UK Government to support businesses in the consumer and retail industries during the Covid-19 pandemic. The plans, announced by Minister for exports Graham Stuart, will offer immediate support to businesses by ensuring specialists provide advice on online retail and international…
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9 September
Drakes restores 70-year old watch
Drakes has restored a 70-year old timepiece after it received an email from a customer regarding a watch that was purchased from the family jewellers back in 1950. The timepiece was first purchased by Derrick Hewitt only weeks after Drakes first opened. The watch, which was bought for his sweetheart,…
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4 September
Signet Jewellers swings to loss in Q2
Signet Jewellers, the parent company of H.Samuel and Ernest Jones, swung to a loss of $81.7m (£62m) in its second quarter of trading, down from a loss of $36.1 (£27.4m) the year before. Total sales also fell by 34.9% to $888m (£623m) in the quarter ended August 1, 2020. Meanwhile,…
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