Retailers
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Jun- 2019 -14 June
Clarity & Success Software acquires Bransom Retail Systems
Clarity and Success Software has acquired retail jewellery software company Bransom Retail Systems. As its new owners, the group said it will bring “fresh impetus” to Bransom and, with a combined strengthened presence in the jewellery and watch market, can provide retailers with a “comprehensive portfolio” of software innovations and…
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11 June
Amazon reduces selling partner fees for jewellery and watches
Online retail giant Amazon has introduced a new tiered referral fee for jewellery and watch selling partners across Europe. According to the retailer, this will “significantly” reduce the cost of selling jewellery and watches priced over €250/£225. The changes are: Watches referral fee changing from a flat 15% in the…
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10 June
Footfall ‘plummets’ in May
Footfall declined by 3.5% in May, compared with the same point last year when it declined by 0.4%, according to the latest BRC-Springboard Footfall and Vacancies Monitor. On a three-month basis, footfall decreased by 0.7%. The six and 12-month averages are at -1.3% and -1.4% respectively. High Street footfall declined…
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7 June
Signet sees Q1 sales fall
Signet Jewelers, the parent company of UK retailer H Samuel and Ernest jones, has seen total sales and same stores fall during the first quarter of the year. For the 13 weeks ending 4 May 2019 Signet posted revenues of £1.43bn (£1.12bn) down 3.3% from the previous year while same…
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6 June
Banking red tape holding back UK retailers abroad
Almost three quarters (71%) of UK retailers would like their businesses to further expand internationally, however most (57%) believe overseas expansion is fraught with risk, according to new research conducted by buy now, pay later service Laybuy. The research, published today (6 June), surveyed over 200 UK retailers and revealed…
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4 June
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records began in January 1995, according to the latest BRC-KPMG sales monitor. However, the BRC said this was against an increase of 4.1% in May 2018, itself a four year record.…
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3 June
McKellars Jewellers wins at Lanarkshire Business Awards
McKellars Jewellers has won at the Lanarkshire Business Awards, winning both Best Specialised Retailer for South Lanarkshire and Best Gift Shop in Lanarkshire. The jeweller said it was “lucky” to be nominated for both categories, and was then entered into the grand final of Scotlands Business Awards which was held…
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May- 2019 -28 May
Retail sales volumes jump 1.8% despite Brexit uncertainty
In the three months to April 2019, the quantity of goods bought in retail sales increased by 1.8%, when compared with the previous three months. This was supported by a strong growth in non-store retailing, which reached a “record high” of 9.4%. When compared with the previous year, the quantity…
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24 May
Retail investment intentions lowest in survey history, says CBI
Retail Investment intentions for the year ahead have weakened to the lowest balance in survey history, at -65%, according to the latest CBI Distributive Trades Survey. It’s a sharp drop from February 2019 (-33%), and comes as retail sales in the year to May fell at the fastest pace since…
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23 May
Thomas Sabo announces CVA plans, five stores to close
Jewellery brand Thomas Sabo has proposed CVA plans which will see five UK stores close. According to reports the CVA will not affect its wholesale business which is run by Thomas Sabo Germany. The business also plans to move any staff that are affected by the CVA to other areas…
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