Retailers
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May- 2018 -23 May
Shining Diamonds opens first London store
Independent jewellery retailer Shining Diamonds has opened its first store in London. The store is located in the jewellery quarter of Hatton Garden, within the Holborn district of London. Shining Diamonds started out as an online-only retailer for diamond jewellery with 20 years of international experience manufacturing and selling diamond…
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22 May
Jewellers named in London Stock Exchange’s 1000 Companies to Inspire Britain
Six jewellery companies have been named in the London Stock Exchange’s annual 1000 Companies to Inspire Britain report. Allum & Sidaway, David Christopher Jewellers, In-Time Watch and Jewellery Reports, Monica Vinader, Pragnell Jewellers and Watchfinder were all named in the fifth edition of the report, which focuses on the fastest…
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22 May
Adobe to acquire Magento Commerce for $1.7bn
Technology firm Adobe has entered into a definitive agreement to acquire Magento Commerce, an e-commerce platform, for $1.68bn (£1.24bn). According to the group the addition of the Magento Commerce Cloud will “enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B…
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21 May
RECRUITMENT: Ingle & Rhode (London, West End)
Graduate level, well spoken, responsible candidate needed to be our front of house presence and grow into the role of Client Relationship Manager over a two year period. Ingle and Rhode is London’s leading ethical jewellery brand, with a focus on outstanding client service. We are offering the successful candidate…
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21 May
Human error could cost businesses £17.5m as GDPR looms
With the arrival of General Data Protection Regulation (GDPR) businesses who mishandle personal data will leave themselves open to a fine of up to £17.5m. Research by information management company EDM Group found that 76% of UK businesses say a large amount of mail and communications are incorrectly allocated due…
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18 May
Online retail jumps 19% in April
UK online retail sales went from strength to strength in April, up 18.8% year-on-year (YoY) according to the latest figures. The IMRG Capgemini e-Retail Sales Index showed it was the highest YoY increase since November 2016, despite the dampening effect of Easter falling in March this year. There was a…
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16 May
Mystery surrounds ownership of 57,227 UK companies
Around 57,227 British companies are still not complying with new measures brought in to counter fraud and money laundering, according to big data and anti-money laundering (AML) firm Fortytwo Data. The businesses are not yet compliant with new regulations which states they must declare those people with significant control (PSCs)…
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14 May
Retail consumer spending sees sharpest drop since 2012
Consumer spending has suffered its sharpest drop in six years, according to Visa’s latest consumer spending index. Spending in-store fell by 5.4% in April when compared to the same period last year, while overall consumer spending fell by 2%, matching March’s year-on-year figures. Online spending was also down by 0.1%.…
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14 May
Wet start to April dampens retail footfall
Footfall in April decreased by 3.3%, which is a significant decline compared to the 1.6% increase seen the previous year. New data from retail intelligence firm Springboard revealed that there has been no growth in footfall for any UK region for two consecutive months. Most regions saw a slower rate…
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11 May
Smartphone purchases account for 54% of UK retail transactions, study finds
Retail purchases made on smartphones have seen a 66% increase in Q1 of 2018 compared to Q4 2017 according to marketing technology company Criteo’s Global Commerce Review. The research also showed that mobile devices accounted for over half (54%) of retail transactions in the UK. Shopping apps are helping to…
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