Retailers
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Jun- 2020 -10 June
Signet to close 80 UK stores permanently
Signet Jewelers has announced that it will not reopen 80 of its UK stores, in an effort to emerge “stronger and more efficient” following the Covid-19 crisis. As part of its decision to accelerate its ‘Path to Brilliance’ programme Signet, which has 3,200 stores worldwide, has revealed initially 150 of…
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9 June
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on essential items grew slightly by 0.9%. This was bolstered by a 24.5% rise in supermarket spend – which increased to 27% in the week preceding the VE Day weekend as…
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9 June
Bira opposed to proposed relaxation of Sunday trading laws
The British Independent Retailers Association (Bira) has expressed concern for proposed relaxation of Sunday trading laws. Under plans being suggested by the government, England could suspend Sunday trading laws for a year in a bid to boost the economy. However, Bira, who has added its support to the ‘Keep Sunday…
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8 June
Say it with Diamonds sales surge amid lockdown
High-street jeweller Say it with Diamonds has reported a 267% sales uplift on engagement rings amid the nationwide lockdown. The surge in sales during March and April marked a notable difference from the amount of engagement rings sold in the same period the year prior. Over the same two-month period,…
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8 June
Sunday trading deregulation would be a ‘slap in the face’ for key workers, says Usdaw
Shopworkers union Usdaw has titled government plans for Sunday trading deregulation as a “slap in the face” for key workers and calls out the government failing to provide a “proper strategy “to help the retail industry. This move to deregulate Sunday trading hours would come across as an opportunistic use…
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5 June
Bira welcomes business rates revaluation postponement in Wales
The British Retailers Association (Bira) has welcomed the decision by the Welsh government to delay the revaluation of business rates. The announcement follows a similar ruling made in England on 6 May, which resulted in the government scrapping a bill to reevaluate business rates in 2021. The decision to postpone…
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4 June
F.Hinds reveals 16 June reopening
F.Hinds has revealed its plans to reopen all F.Hinds and Chapelle stores across England from 16 June, following the latest government advice for retailers. The group said that customers would be able to try on jewellery and watches “where necessary”, but additional health and safety measures will be implemented to…
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4 June
Bira creates five-step guide to help independent retailers open again
The British Independent Retailers Association has created a five-step guide to help independent retailers open again with confidence later this month. The five-step guide to a Covid-secure reopening takes members through what they need to do to be safe and compliant ahead of reopening on 15 June . It also…
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3 June
Bybiehl launches first 100% recycled silver-and gold collection
Jewellery brand Bybiehl has announced the launch of its first collection in 100% recycled silver-and gold. The new collection consists of designs in the Jungle Ivy and Wave collection. The Jungle Ivy collection is inspired by wildlife and the environment. Moving forward all future collections will be produced in gold…
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3 June
Hiring starts to pick up in retail industry as lockdown eases
Hiring has started to pick back up in the retail industry last month, with job vacancies advertised increasing by an impressive 27.1% month-on-month, according to the latest data from CV Library. The study looks at job market data throughout May and compares this with figures from the previous month (April…
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