Retailers
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Jan- 2020 -3 January
Tiffany and Co reports 1-3% increase in sales during holiday period
Tiffany and Co reported a 1-3% increase in sales throughout the festive period compared with the same period in 2018. During the period from 1 November to 24 December, the European arm of the luxury company reported a 4-6% rise in sales. Sales in the American region increased by 7-9%…
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3 January
Hamilton & Inches reports ‘strong’ sales growth in 2019
Hamilton and Inches has reported “strong” sales growth in 2019, despite a year of “significant” investment for the company. In its latest statement, the 150 year old jewellers said that it was “pleased” to achieve a pre-tax profit of £121,000 amid “significant levels of investment” that laid “strong foundations” for…
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3 January
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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Dec- 2019 -19 December
Laings reveals first full-year results as one brand
Luxury jewellers Laings has announced it achieved sales of £42.3m in the year to 31 May 2019. It is the first full year that the jewellers has operated under one brand. Sales also saw a like-for-like increase of 17.4%, and an operating profit of £4.2m was also reported. The company…
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17 December
Local jewellers more influential than celebrities, reveals survey
The local jeweller is more influential than celebrities when it comes to jewellery purchases, according to a recent survey conducted by NAJ. The survey, carried out on over 2,500 UK consumers, revealed that only 8% of respondents said that celebrities influenced their jewellery purchases. Meanwhile, 61% of consumers said that…
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10 December
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed that group revenues increased by 17.3% to £428.7m with a 10.3% increase in like for like sales growth driven by higher luxury watch sales. In the six months to 27…
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5 December
Outstanding business rates challenges increase by 35%
The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a third in just three months, according to new figures issued by HM Revenue & Customs (HMRC). The figures revealed the number of outstanding challenges has increased by 35% fuelling concerns…
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Nov- 2019 -12 November
Links of London is proof the crazes come and go
Some years ago now, Jewellery Focus was alone among the British jewellery trade press in suggesting that the explosion of ‘affordable brands’ through the indies was, firstly, not going to last, secondly, a bad deal for jewellers, and therefore thirdly, not a cause for unalloyed celebration. Subsequently, many of these brands which…
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5 November
Pandora sales slip in third quarter
Jewellery brand Pandora has reported a 10% drop in like-for-like sales in its third-quarter results. Overall earnings over the quarter, before interest and tax, fell by 25%. Meanwhile, the company’s organic growth for the year is expected to land between -7% and -9%, despite previous forecasts of a growth between…
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1 November
Tom Coll Jewellery unveils refurbished showroom amid 35th anniversary
A Scottish family owned jewellery businesses has given its showroom a “major makeover” to mark the 35th anniversary of its opening. The Tom Coll Jewellery family firm is celebrating its milestone birthday with a refurbishment of its fourth floor showroom and workshop premises in Glasgow’s Argyll Arcade Chambers which is…
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