Retailers
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Jul- 2018 -12 July
Long queues ‘costing retailers £12bn’
Long queues have been named the biggest turn-off for UK shoppers and could be costing retailers up to £12bn a year in potential sales losses. According to research released by payments platform Adyen, paired with 451 Research’s ‘Global Unified Commerce Forecast’, British retailers are struggling to keep up with increasing…
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10 July
SVP Jewellery to be represented by Middleton Green
Ethical jewellery brand SVP Jewellery has named Middleton Green fashion agency to handle its wholesale accounts. SVP Jewellery, founded by owner and designer Sarah Parham in 2015, is the only jewellery brand that has signed with Middleton Green. The agency, established by Vanessa Green and Julie Middleton in 2010, will…
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9 July
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year of the new business rates revaluation, an investigation has revealed. Real estate advisor Altus Group collated information procured under the Freedom of Information Act (FOI) from all councils in England.…
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5 July
Retailers win court battle against Mastercard and Visa
The Court of Appeals has ruled in favour of four UK retailers who claimed that card fees charged by Mastercard and Visa when customers make a transaction were too high. Judge Terence Etherton agreed with Asda, Sainsbury’s, Morrisons and Argos and found that the card merchants’ system was an “unlawful…
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4 July
BRC calls for two-year freeze on business rates
The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…
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Jun- 2018 -29 June
Breitling opens first flagship boutique in Asia
Swiss luxury watchmaker Breitling has opened its first flagship boutique in Asia, in WF Central retail centre Beijing. Breitling CEO Georges Kern was on hand for the ceremony along with Jacques Bothelin, Captain of the Breitling Jet Team, renowned Chinese actor Lei Jiayin, and renowned Chinese actress and singer Han…
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27 June
Independent jewellers to benefit from new small business funding scheme
Small business minister Andrew Griffiths has unveiled a new £8m fund to boost the productivity and performance of small businesses in the UK. The ‘Business Basics Fund’ will help charities, trade organisations and public sector organisations support small businesses in adopting ‘tried and tested’ technologies and management techniques. Research from…
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26 June
French Jewellers Jaubalet Paris expands presence to the UK
Independent French jewellers, Jaubalet Paris, has opened its first office within the UK. Based in London Mayfair, the new office is also the company’s first venture outside of France. The firm was first launched in 2008 aiming to provide high end custom luxury jewellery inspired by French artistry. Jaubalet Paris…
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25 June
Goldsmiths jewellers owner appoints banks ahead of IPO listing next year
The parent company of British jewellery retail chain Goldsmiths has appointed two banks to manage its flotation on the stock market next year. Aurum Holdings, which also owns Watches of Switzerland, has appointed Goldman Sachs and Barclays to aid with a public listing that may take place in London next…
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22 June
Millennials ‘prefer real world over online’ despite high street issues
Millennials prefer to shop in store rather than online despite high street businesses’ problems, a study has shown. The fashion retail barometer, compiled by emotion analytics firm Adoreboard and survey platform OnePulse, explored brand rankings and off-line vs online preferences, revealing 49% of millenials prefer to shop for clothes in…
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