Retailers
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Nov- 2018 -13 November
Historic Chester jewellery store saved from closure
Lowe & Sons, located in Chester, has been saved from closure after its lease was bought by Powells Fine Jewellery, and is set to reopen on 16 November 2018. The independent and historic jewellery store has been trading in the region since 1770 and has occupied its existing premises in…
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6 November
Pandora reduces FY expectations amid ‘unsatisfactory Q3’
Pandora has reduced its full-year expectations after experiencing an “unsatisfactory” third quarter in 2018. In Q3 group revenue decreased 3% in local currency due to “timing of shipments, change of inventory levels in the wholesale channel and negative total like-for-like”. Revenue from its estore increased 52% in local currency, up…
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Oct- 2018 -29 October
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save businesses…
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18 October
Retail sector ‘to face £186.45m business rates increase next April’
Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor Altus Group. September’s Consumer Prices Index (CPI) measure of inflation, announced on 17 October at 2.4% will determine business rate rises in England for the next year. It is its…
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12 October
Retailers could be forced to publish ethnicity pay gaps
Prime minister Theresa May has announced a series of measures to tackle ethnic disparities in the workplace, which includes the mandatory publishing of ethnicity pay gaps. The government has invited businesses to share its views on this mandatory approach to ethnicity pay reporting, since according to the group the number…
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9 October
Bibi Bijoux London to open its first concession in Selfridges
Bibi Bijoux London has opened its first physical presence with the opening of a concession inside Selfridges, the Trafford Centre, Manchester. The award-winning brand’s Autumn Winter 2018 collection are also available in the store featuring the six collections: Tassel, Birdcage, Celestial, Coin, Waterfall, Rose Garden. The designs include classic profiles…
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3 October
Diamond jeweller Vashi launches in two Selfridges stores in Manchester
Diamond jeweller Vashi has opened two stores in Selfridges in Manchester, the business’s first expansion outside of London. Vashi now occupies 1,000 sq ft of space on the ground floor of Selfridges Trafford Centre, sitting within the luxury and contemporary accessories space, and also occupies a 500 sq ft space…
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2 October
Business rates could be changed to help retailers, says Greg Clark
Secretary of state for business Greg Clark has admitted that business rates could be changed in order to help high street retailers. Clark told a fringe event at the Conservative party conference that a change in business rates would be “one way” of recognising the role that high street retailers…
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Sep- 2018 -28 September
Jacobs the Jewellers wins ‘Retailer of the Year’ 2018
Family-owned independent retailer Jacobs the Jewellers was awarded ‘Retailer of the Year’ at the Reading Retail Awards on 22 September. The accolade was presented to the Jacobs team, led by co-owners Ian, Adrienne and Adam Jacobs, by the previous year’s winner Ikea. According to the group the award is the…
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24 September
Serendipity Diamonds launches new high street jewellery showroom
Onliner diamond jeweller Serendipity Diamonds has opened a new high street showroom in Ryde on the Isle of Wight. The retailer, which was established in 2007, said its new showroom takes a “fresh approach to jewellery”, which merges its online experience with a “contemporary boutique environment”. The group added that…
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