Retailers
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Jan- 2018 -26 January
Asos reports 23% UK Christmas sales growth
Online fashion and jewellery retailer Asos has revealed retail sales grew strongly in the lead-up to and during the Christmas period. Total retail sales grew by 30% to £790m in the final four months of 2017 when compared with the same period the year before. Sales in the UK also…
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25 January
Cadfolio launches unique shaped wedding ring service
Digital design firm Cadfolio has launched a new service that allows retailers to design custom made wedding rings for customers. Ryan Edkins, founder of Cadfolio, said the demand for custom shaped wedding rings is growing due to the “increase in unique engagement ring designs” being purchased by “couples looking for…
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24 January
Luxury jewellery sales will be driven by “influence through emotion” in 2018
The ‘influential power of emotion’ will increasingly drive luxury jewellery sales in 2018, according to Positive Luxury in its 2018 Predictions Report. Positive luxury, a company that partners with luxury retailers to promote sustainability, has released a report detailing their predictions for 2018 in which it states “influence through emotion”…
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24 January
London and New York named key locations for luxury watch brand expansion
London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…
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23 January
Online retail shows signs of maturing with tough 2018 ahead, says IMRG
The rate of retail sales growth is pointing to a ‘maturing market’, figures from the IMRG Capgemini e-Retail Sales Index suggest. UK online retail sales were up 12.1% on average year-on-year (YoY) in 2017, which was lower than the IMRG’s forecast of 14%. This figures also falls short of 2016’s…
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22 January
UK online SMEs ‘confident’ in 2018 sales growth
UK SME online retailers have expressed confidence in the year ahead with 74% anticipating sales will increase in 2018, according to a study commissioned by Royal Mail.Some 70% of retailers asked said they had experienced an uplift in sales in 2017 compared to the previous year. The health and beauty…
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19 January
December 2017 sees retail sales slump
The Office for National Statistics (ONS) has revealed that December 2017 had the weakest retail sales in over four years. The quantity of items bought in December decreased by 1.5% when compared with the stronger sales in November 2017. Although retail sales increased by 1.3% in December compared with the…
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19 January
Tiffany & Co sees sales festive sales increase
New York based jeweller Tiffany & Co has reported a strong performance over the festive period as sales increased worldwide. Net sales increased by 8% over the two month period ending December 31 2017 taking the total to £720m. Comparable sales also rose by 5%. Tiffany & Co attributed the…
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16 January
De Beers launches diamond blockchain pilot
De Beers Group has launched a pilot that uses blockchain technology to provide a tamper-proof and permanent digital record for diamonds registered on the platform. Following the success of an initial proof of concept trial, which resulted in a working prototype, a pilot is now underway involving a small number…
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15 January
High street sees sharpest footfall decline in four years
New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest decline since March 2013 Total UK retail footfall fell by 3.5% compared with December 2016, while the high street saw a sharper drop, down by 4.6%. Shopping centres suffered a…
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