Retailers
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Jul- 2019 -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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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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