Retailers
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Jul- 2019 -15 July
Retail footfall ‘slumps’ in June
Footfall declined by 2.9% in June, attributed to the “exceptional and ongoing disruptive political and economic period”, according to retail intelligence firm Springboard. On a three-month basis, footfall decreased by 2.4%, and the six and 12–month averages were found to be -1.3% and -1.7% respectively. High street footfall also declined…
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10 July
Watches of Switzerland staff given £1,000 bonus following London IPO
Staff from the Watches of Switzerland Group at stores across the UK and US have been given a £1,000 bonus as a thank you following the company’s float on the London Stock Exchange. Around 2,500 employees from the group’s Mappin and Webb, Goldsmiths and its eponymous Watches of Switzerland stores…
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9 July
‘Worst June on record’ for retail sales, says BRC
On a total basis, sales decreased by 1.3% in June, against an increase of 2.3% in June 2018, according to new data from the BRC. The group said the decline dragged the three-month average into a decline of 0.1% and the 12-month average to an increase of 0.6%, the lowest…
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4 July
Shop prices turn deflationary for first time since October 2018
Shop prices have turned deflationary for the first time since October 2018, according to the latest figures from the British Retail Consortium (BRC)-Nielsen Shop Price Index. In June, shop prices fell by 0.1%, compared with May when prices increased by 0.8%. This is below the 12- and six-month average price…
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2 July
Bucherer reopens flagship One Hyde Park boutique
Bucherer 1888 and Rolex have unveiled their newly refurbished flagship boutique in Knightsbridge, London. The store, located in the luxury residential and retail complex at One Hyde Park, went through a 12-week redesign led by the Rolex Interior Design department in Geneva in partnership with Bucherer local UK teams. The…
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Jun- 2019 -28 June
UK consumer confidence slips in June
Market research company GfK’s long-running Consumer Confidence Index has showed that confidence among consumers in the UK has decreased by three points to -13 in June. The measure for the general economic situation of the country during the last 12 months decreased month to -32 during the month, four points…
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25 June
BJ Fitzpatrick profits boosted by Pandora sale
BJ Fitzpatrick Group, a Dublin-based jeweller wholesaler and retailer, saw its profits boosted to €23m (£20m) last year after it sold the Irish business of Pandora back to the Danish parent company. According to The Times, accounts filed for the year ending 31 July 2018 shows BJ Fitzpatrick made a…
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21 June
Retail sales slump in May
The quantity bought in May 2019 decreased by 0.5% when compared with the previous month, with a strong decline of 4.5% in clothing sales, according to new figures from the ONS. However, in the three months to May 2019, the quantity bought in retail sales increased by 1.6% when compared…
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19 June
Houlden appoints Sarah Layton Jewellers as new member
Luxury jewellery consortium Houlden has appointed Lancashire-based Sarah Layton Jewellers as the 30th member of its community. Houlden welcomed the jeweller’s team, which specialises in fine diamonds, gem-set jewellery, watches and contemporary jewellery brands, to their second and final members’ conference and Supplier Exhibition of 2019. Having attended the group’s…
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18 June
Swarovski UK receives royal warrant
Jewellery brand Swarovski UK has received a royal warrant as a manufacturer and supplier of crystals by her Majesty The Queen. The “prestigious” warrant was granted to Nadja Swarovski, on behalf of Swarovski, in recognition of the company’s commitment to the highest standards of service, quality and excellence. According to…
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