Retailers
-
Aug- 2019 -27 August
FF Group searching for Links of London buyer
Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer. Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a…
Read More » -
21 August
CMJ revenue plummets 41% but profit returns
The Company of Master Jewellers’ revenues have fallen by 42% according to its latest accounts, published on Companies House this morning. Turnover for the business fell from £4.16m to £2.42m in the 12 months ending 31 March 2019 compared with the previous year, and “sales value of goods purchased by…
Read More » -
20 August
EC One becomes B-Corp certified
London based jewellery boutique EC One has become the second jeweller in the UK to become B-Corporation Certified. The accreditation process to become a B-Corp involves an in-depth analysis of the business’ entire social and environmental performance, to assess its impact on its workers, community, environment and customers. Other well-known…
Read More » -
14 August
Over 50 retailers sign letter demanding business rates fix
Over fifty major retailers have come together to demand the government takes action to fix the “broken” business rates system. In a letter to the new chancellor, Sajid Javid, retailers have called on the government to put business rates “at the heart” of the promised new economic package. The letter,…
Read More » -
14 August
Watches of Switzerland revenues jump 17.8% in Q1
Watches of Switzerland has reported a 17.6% increase in total revenue to £209.4m for the three months to 28 July 2019. The group also saw “strong” like-for-like growth of 10.8% during the period, with sales increasing by 11.5% and 8.7% in the UK and US respectively. During the last three…
Read More » -
9 August
Mixed footfall performance in July
Footfall figures decline by 3.8% in July, compared with the same period last year, according to the latest Retail Traffic Index. This was only a small improvement on the 3.9% deficit recorded in June. Footfall did however see an increase of 3.4% in July compared with June’s footfall figures. Stores…
Read More » -
Jul- 2019 -25 July
Retail employment falls 2.3%, 14th consecutive quarter of decline
Retail employment has fallen by 2.3% during the three-month period ending 30 June, marking the 14th consecutive month of decline. According to the figures from the BRC, the decline is equivalent to around 72,000 more jobs lost than compared to the same period last year. Full-time employment also saw a…
Read More » -
22 July
Number of insolvencies fall over second quarter
The number of insolvencies in the UK has fallen by 14% for the second quarter of this year. The study compiled by ‘Big Four’ firm KPMG found that 310 companies filed for administration between April and June, a fall of 14% compared with the first quarter. The results are on…
Read More » -
17 July
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the period, and…
Read More » -
16 July
Around 16% of UK shops lie empty according to FOI
Corporate restructuring advisor Duff and Phelps has revealed that close to 16% of all UK retail and shop outlets remain empty, according to a Freedom of Information (FOI) request made to local councils. Its research found that over 50,000 units in 418 councils remain closed, an average of 121 empty…
Read More »
