Retailers
-
May- 2020 -13 May
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…
Read More » -
11 May
Trouble ahead for retail vacancy rates, warns BRC
The British Retail Consortium (BRC) and Local Data Company has said the new BRC-LDC Vacancy Monitor has revealed that the rate of store vacancies increased to 12.2% in March. The monitor also reported a 0.3% decrease in vacancy rates in shopping centres to 14.1% compared with 14.4%. The South West and Wales…
Read More » -
5 May
Pandora maintains ‘strong financial position’ despite pandemic
Pandora said it is in a “strong financial position” to sustain a prolonged Covid-19 crisis, as it recorded “positive organic growth” in the first quarter of 2020. Despite a recorded 14% drop in organic growth, its EBIT margin was 15.3% in the three months ended 31 March 2020. The group…
Read More » -
Apr- 2020 -28 April
Laings recognised by Sunday Times Profit Track
Luxury jewellery retailer Laings has been named one of the fastest-growing UK companies for profits growth by The Sunday Times. The jewellers featured in the 21st annual Sunday Times Profit Track as one of Britain’s private companies with the fastest-growing profits over the last three years. It ranked at number…
Read More » -
23 April
One in six shopworkers abused daily during pandemic, says Usdaw
Shopworkers’ trade union Usdaw has released statistics revealing one in six shop workers have suffered abuse on every shift, during the coronavirus pandemic. The statistics revealed 62% of the 4,928 shopworkers surveyed have experienced verbal abuse, with almost a third being threatened by a customer. Usdaw also revealed 4% of employees were…
Read More » -
6 April
De Beers Group CFO to depart in July
De Beers Group announced that its chief financial officer, Nimesh Patel, will leave the business at the end of July after four years with the company. Patel will now move from his position to join Spirax-Sarco Engineering as its new CFO and executive director. He joined Anglo American in 2012…
Read More » -
Mar- 2020 -30 March
Beaverbrooks closes website and warehouse operations
Beaverbrooks has closed its website and warehouse operations until further notice. Anna Blackburn, managing director at Beaverbrooks, said the company made the “difficult decision” to close its website and warehouse operations to “protect” its colleagues, their families and the wider community. She added: “As a family owned business, the safety…
Read More » -
23 March
H.Samuel announces temporary store closures amid Covid-19 virus outbreak
High street jewellery store H. Samuel has announced the temporary closure of all its stores amid the recent outbreak of the Covid-19 virus. The retailer announced all store closures will take effect from today (Monday 23 March) but its website will be “open as usual.” In a statement, the retailer…
Read More » -
23 March
F. Hinds and Chapelle close all stores until further notice
Family-run jewellery business F. Hinds, which also operates Chapelle, has announced that all sites for both brands are to close until further notice. In a newly released statement, the Hinds family said: “It is with great sadness that we have made the difficult decision to temporarily close all of our…
Read More » -
23 March
Covid-19: Beaverbrooks to shutter all 69 stores
UK jeweller Beaverbrooks has revealed plans to shutter all 69 of its stores by 5pm today (23 March) amid the Covid-19 outbreak. Managing director Anna Blackburn said this decision will “greatly affect” its hundreds of store colleagues, and added that supporting them is its “number one focus right now”. She…
Read More »
