Retailers
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Sep- 2020 -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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3 September
Retail vacancy rate reaches six-year high
Retail shop vacancies have reached a six-year high due to the impact of the coronavirus pandemic, according to new research from Springboard. The research found the UK vacancy rate rose to 10.8% in July up from 9.8% in January, which means it is now at the highest level since January…
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3 September
SMEs ‘plagued’ by late payments
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent. Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the “startling impact” of late payment…
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Aug- 2020 -28 August
Tag Heuer and Beaverbrooks partner for new opening
Tag Heuer has announced the opening of a new boutique in partnership with family jeweller Beaverbrooks. The new site will be located in the Intu Chapelfield shopping centre in the centre of Norwich. The 22.12 square meter site features a contemporary design that uses the “iconic red” shade that is…
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26 August
Retail jobs in sharpest fall since 2009
Retail employment fell at the fastest rate since February 2009 in the year to August, with an even sharper decline anticipated in the year to September, according to the CBI’s latest monthly Distributive Trades Survey. The survey – which featured 63 retailers among its 128 respondents – also showed a…
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21 August
Road closures are ‘accelerating the decline of the high street’, says Bira
Local authorities across the UK are “accelerating the decline of the high street” with “unnecessary” road closures, according to Bira. The group said it has been “inundated” with calls from concerned businesses that post-lockdown accessibility issues are “significantly impacting trade”. Bira said it is now working hard to help address…
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19 August
Pandora revenues slump in Q2 results
Pandora has reported revenues of DKK 2.87bn (£348m) in its second-quarter of trading, down from DKK 4.69bn (£569m) during the same period last year. Gross profit also decreased from DKK 3.5bn (£424m) to DKK 2bn (£242m), and Pandora now expects organic growth to be down 20% in 2020. The full-year…
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