Retailers

Return to office boosts weekday footfall in Jan

A return to the office has boosted footfall in January despite the effects of rail strikes over the month, Springboard has said, with footfall up by 10.7% against the prior year. This was greater than the annual uplift of 9.9% reported in December 2022 and marked the largest annual increase…

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BoE raises interest rates to 4%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 4%, the highest level in 14 years. The increase, which is the tenth consecutive increase, was decided after the bank’s Monetary Policy Committee (MPC) voted by a majority…

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Tasaki unveils new additions to fine link and danger collections

Tasaki has launched new additions to its fine link and danger collections, aiming to offer a “fresh approach to the traditional image of pearl jewellery”. The fine links collection features a pearl embedded in a metallic loop, a modern representation of a chain link. Diamonds are set along the vivid…

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Repossi unveils Antifer Heart capsule collection

Repossi has unveiled its Antifer Hear capsule collection, which aims to “reinvent” the classic gold wedding band through a juxtaposition of round and angles.  Inspired by contemporary art and Japanese essentialism, the Antifer Collection was created in 2013 and today embodies one of the three pillars of Repossi’s design identity. …

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Vacancy rates improve to 13.8% in Q4

The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…

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Berry’s Jewellers unveils Nottingham Omega showroom

Berry’s Jewellers has announced the opening of a new Omega showroom in Nottingham. The new store will be the only Omega showroom in the Nottinghamshire area. Located next to the Berry’s store, the showroom will open in early February in a prime city centre location that has been home to…

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Billionaire Bill Ackman takes minority stake in Bremont

Billionaire hedge fund manager Bill Ackman has taken a minority stake in luxury British watch brand Bremont, according to the Financial Times. It comes after he became one of the brand’s customers, and will now provide financial backing as the company plans to bring large-scale watch manufacturing back to the…

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Beaverbrooks sees record December sales

Jewellery retailer Beaverbrooks has announced record breaking December sales with an 8% increase compared with 2021. The retailer also stated that it saw an 18% increase in sales when only accounting for the last two weeks of the month compared with 2021. Despite the cost of living crisis and rail…

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No Christmas boost as retail sales volumes fall 1%

Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from the Office for National Statistics (ONS). Alongside this, sales volumes were down 1.7% compared with pre-pandemic levels in February 2020. Non-food store sales volumes also dropped 2.1% over December. ONS…

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Orelia and Co launches three exclusive Scandinavian brands

Orelia and Co has announced the exclusive launch of three Scandinavian brands, Maanesten, Pico and Sui Ava, for the first time in the UK on its platform. The curator also announced the addition of other brands including London based Bijoux De Mimi, French brand Et Toi and Brighton-born Tegen. Maanesten…

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