Retailers
-
Jul- 2019 -22 July
Number of insolvencies fall over second quarter
The number of insolvencies in the UK has fallen by 14% for the second quarter of this year. The study compiled by ‘Big Four’ firm KPMG found that 310 companies filed for administration between April and June, a fall of 14% compared with the first quarter. The results are on…
Read More » -
17 July
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the period, and…
Read More » -
16 July
Around 16% of UK shops lie empty according to FOI
Corporate restructuring advisor Duff and Phelps has revealed that close to 16% of all UK retail and shop outlets remain empty, according to a Freedom of Information (FOI) request made to local councils. Its research found that over 50,000 units in 418 councils remain closed, an average of 121 empty…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
