Retailers
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May- 2019 -13 May
Swarovski launches new design initiative with Central Saint Martins
Swarovski has launched its inaugural Conscious Design programme in collaboration with Central Saint Martins, UAL. Swarovski’s Conscious Design initiative is focused on how the company can “inspire others to spark positive change in the world” by motivating the next generation of designers to create their products and collections responsibly, and…
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9 May
Pandora posts ‘weak’ Q1 results
Jewellery retailer Pandora has reported “weak” financial results for the first quarter of 2019, impacted by the commercial reset initiated as part of its ‘Programme NOW’. Total like-for-like sales-out growth (like-for-like) was -10%, driven by lower traffic in physical stores, and online like-for-like sales was 7%. Organic growth ended at…
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8 May
Retail sales ‘below expectation’ in April
Retail sales fell below expectations in April, despite a total sales increase of 4.1% against the decrease of 3.1% the previous year, according to the latest BRC-KPMG Retail Sales Monitor. This was due to figures being “distorted” by the timing of the run-up to Easter, which was in April this…
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Apr- 2019 -26 April
Debenhams to close 22 stores with 1,200 jobs at risk
Department store chain, Debenhams has announced it is to close 22 stores putting 1,200 jobs at risk. The closures come as part of a revival plan for the department store laid out by lenders including Barclays and Bank of Ireland. Terry Duddy, Debenhams executive chairman, said: “Debenhams has a clear…
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25 April
74,400 retail jobs lost in first three months of 2019
The retail sector saw a 2.4% year-on-year drop in the number of employees in the first quarter of this year, equating to a loss of 74,400 jobs. According to the British Retail Consortium (BRC), this is a higher reduction than the 2.2% drop seen in 2018. The trade organisation said…
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25 April
Online retail sees ‘subdued’ growth in March
Online retail recorded growth of just 5% year-on-year (YoY) in March, compared with 18.9% last year, according to the latest IMRG Capgemini eRetail Sales Index. While still positive growth, the “subdued performance” fell significantly below the three (+7.5%), six (+7.1%) and 12- (+10.2%) month rolling averages. Breaking it down further,…
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18 April
UK retail sector bounces back in March
In the three months to March 2019, the quantity bought in retail sales increased by 1.6% compared with the previous quarter in 2018, according to new figures from the ONS. The sales increase has been attributed to “sustained growth” throughout the first three months of the year, and all store…
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17 April
Breitling to pull out of Baselworld due to later timing
Luxury watch manufacturer Breitling has announced it will not be attending the Baselworld trade show next year and instead it will focus on its own independent communication format, the Breitling Summit. Breitling said it made the decision due to the later date set for the Swiss-based trade show, which could…
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16 April
Springboard predicts Easter weekend footfall to ‘bounce back’
According to retail experts Springboard, Easter weekend UK footfall is forecast to rise by +2.1%, bringing a “sigh of relief” to high streets and retail parks in what has been a challenging year. The forecast expects a “bounce back” over the key trading period from what was a poor Easter…
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15 April
Graff unveils ‘world’s largest’ square emerald cut diamond
Multinational jeweller Graff has unveiled the world’s largest square emerald cut diamond, named the Graff Lesedi La Rona. The 302.37 carat gem is the largest highest colour, highest clarity diamond ever certified by the GIA, and according to the group required over 18 months of “meticulous craftsmanship” and marks an…
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