Retailers
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Jun- 2019 -4 June
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records began in January 1995, according to the latest BRC-KPMG sales monitor. However, the BRC said this was against an increase of 4.1% in May 2018, itself a four year record.…
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3 June
McKellars Jewellers wins at Lanarkshire Business Awards
McKellars Jewellers has won at the Lanarkshire Business Awards, winning both Best Specialised Retailer for South Lanarkshire and Best Gift Shop in Lanarkshire. The jeweller said it was “lucky” to be nominated for both categories, and was then entered into the grand final of Scotlands Business Awards which was held…
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May- 2019 -28 May
Retail sales volumes jump 1.8% despite Brexit uncertainty
In the three months to April 2019, the quantity of goods bought in retail sales increased by 1.8%, when compared with the previous three months. This was supported by a strong growth in non-store retailing, which reached a “record high” of 9.4%. When compared with the previous year, the quantity…
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24 May
Retail investment intentions lowest in survey history, says CBI
Retail Investment intentions for the year ahead have weakened to the lowest balance in survey history, at -65%, according to the latest CBI Distributive Trades Survey. It’s a sharp drop from February 2019 (-33%), and comes as retail sales in the year to May fell at the fastest pace since…
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23 May
Thomas Sabo announces CVA plans, five stores to close
Jewellery brand Thomas Sabo has proposed CVA plans which will see five UK stores close. According to reports the CVA will not affect its wholesale business which is run by Thomas Sabo Germany. The business also plans to move any staff that are affected by the CVA to other areas…
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22 May
Watches of Switzerland seeks £660m valuation in London IPO
Watches of Switzerland said it is seeking a market capitalisation of up to £660m in its upcoming London public listing. According to reports the retailer intends to sell shares in a range of 250-277p as it seeks to pay off some of its debts. The retailer is now focusing on…
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22 May
Online retail sales see subdued growth in April
Online retail sales saw sales growth of just 5.2% year-on-year (YoY) in April, according to the latest IMRG Capgemini eRetail Sales Index. The group said this compares “poorly” to the strong performance seen in April of last year (+12.5%), but continued an ongoing trend of subdued growth seen since the…
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20 May
Richemont Group sales jump 27% in 2018
The Richemont Group, which owns Cartier, IWC and Jaeger-LeCoultre, has reported a 27% increase in group sales to €13,989m (£12,261m) for the year ending 31 March 2019. Excluding Yoox Net-A-Porter and Watchfinder, sales rose by 8% at actual and constant exchange rates, and the brand saw growth in all business…
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15 May
Ora Pearls launches new store in Chelsea
Ora Pearls has opened its first store in Chelsea located at 304A Fulham Road, London. The “elegant store” design and interiors have been created to reflect the brand’s identity as a fashion-focused modern approach to pearls. Ora Pearls was founded by pearl expert and designer, Bibi Southwell. Southwell personally selects…
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13 May
High street footfall drops 2.9% in April
Footfall fell by 2.9% year-on-year in April, quieter than the forecast of -0.3%, according to the latest Ipsos Retail Performance Retail Traffic Index. Footfall over the Easter fortnight was 8.5% lower than last year, despite falling three weeks later this year. However, when compared with March, average weekly footfall was…
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