Retailers
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Mar- 2021 -18 March
Signet Jewelers operating income drops £116m
Signet Jewelers has announced that its total operating income for the fiscal year 2020 dropped to $156.4m (£112m) from $318.3m (£228m) as a result of continuous trading disruptions from the Covid-19 pandemic. The group which operates brands such as H. Samuel and Ernest Jones, saw its total sales for the…
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16 March
Mappin & Webb reveals new Susan Caplan collaboration
Goldsmiths and Mappin and Webb have announced a new collaboration with Susan Caplan, the curator of luxury vintage jewellery. At launch, The Susan Caplan Collection for Goldsmiths and Mappin and Webb will be made up of 28 pieces from luxury jewellery brands such as Chanel, Dior and Givenchy dating back…
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16 March
Goodman Bros upgrades to new offices
Goodman Bros, a Cambridgeshire-based jewellery service distributor, has moved to a new premises following the securing of a NatWest funding package. The wholesaler, which supplies jewellery accessories and cleaning products to various clients in the UK and Europe, has achieved year-on-year growth since its inception in 2014. In turn, the…
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15 March
Shop TJC to increase wages to £10 an hour
Shop TJC has announced it will increase its wages for all entry level employees from £8.89 to £10 an hour which is 12% over the minimum wage prescribed in the recent budget which will come into effect April 2021. The e-retailer which specialises in jewellery, gemstones, and other lifestyle accessories…
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15 March
VNJ secures £150,000 funding package
V N Jewellery (VNJ), an online jewellery retailer, has secured a £150,000 funding package from Maven Capital Partners’ Midlands Engine Investment Fund (MEIF). Based in Aylesbury, the firm’s team comprises Hai Ngan Knight and Jeremy Knight, who act as managing director and finance director respectively. VNJ will use the investment…
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11 March
Goldsmiths to launch revamped store concept
Goldsmiths has announced it plans to enhance its network of stores throughout the UK with a new luxury store concept which will be rolled out from Autumn 2021. The new stores, which have been conceived in partnership with UK-based design collective Quadrant Design, will combine a contemporary luxury design with…
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10 March
Pandora posts 12% organic growth for February
Luxury jewellery retailer Pandora has reported a year-on-year organic growth of 12% for February 2021. The month also represented a year-on-year total sell-out growth of 7%, while the quarter to date achieved 4% organic and 1% sell-out expansions when compared to Q1 of FY20. The results are part of a…
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9 March
Pursuit commits £125k to fund for independent jewellers
EPoS software and solutions specialist, Pursuit, has committed £125,000 to an industry support fund to provide greater assistance to independent jewellery retailers looking to update their systems and digital operations. The Pursuit Partnership Fund was created to support businesses that are “ready to take the next step” in EPoS and…
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Feb- 2021 -18 February
‘Diana Effect’ influencing engagement ring choices, report finds
The ‘Diana Effect’ is influencing consumers’ jewellery choices 40 years on, with the diamond and sapphire combination for engagement rings named the “first choice” for couples in the UK, according to new research from money.co.uk. It found that 82% of couples who opt for a combination-stone ring will choose the…
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16 February
Laings donates £5,000 to BHF
Luxury jewellers, Laings, has announced that it has donated £5,000 to the British Heart Foundation (BHF) to help them to continue their work through the pandemic. The jewellers previously ran a campaign entitled A Gift from the Heart, to raise awareness of the work that the BHF are doing before…
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