Retailers
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Nov- 2017 -15 November
Online retailers taking more ‘showroom stores’ as internet sales slow
A growing number of formerly ‘pure-play’ online retailers are taking physical stores as the rate of internet sales growth looks set to slow during the next few years. New research from Colliers International shows that by 2021, the rate of growth in e-commerce sales is expected to decline from the…
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13 November
Fewer closures, more openings for high street retail
There were more high street retail businesses opening and fewer closing in the first half of 2017, according to a report from the Local Data Company. The data, which studied the top 500 British town centres, found that 2,564 stores closed in the first six months of the year whereas…
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10 November
Thieves use concrete block to steal £150k of jewellery in Watchfinder raid
A group of thieves used a concrete block to smash their way into a Leeds Watchfinder store in a raid on Wednesday (8 November), making off with goods worth £150,000. Some 15 Rolex watches were also taken in the raid which happened at 6.45pm at the store in Victoria Quarter,…
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9 November
Jewlr and Edinburgh Assay Office announce quality control partnership
North American online jewellery retailer Jewlr has announced its partnership with the Edinburgh Assay Office (EAO). The EAO’s hallmarking services will be combined with Jewlr’s craftsmanship and personalised styles, to bring fine jewellery of the highest quality to customers in the United Kingdom. Since 1457, the EAO has been verifying…
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8 November
Soru Jewellery launches at Fenwick London
Soru Jewellery will now be stocked at Fenwick stores in London. British-Sicilian sisters, Francesca and Marianna, used their love of travel and summer holidays spent in Sicily, to influence the brand’s designs. Since its launch four years ago, Soru has accrued a number of wholesale partnerships. This new partnership marks…
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8 November
Spending growth slows to 2.4% as consumers feel ‘inflation squeeze’
Consumer spending growth slowed to 2.4% year-on-year in October which, with inflation at 3%, equated to a contraction in real terms. Brits cut back across the board to cope with their diminished spending power, and in anticipation of a potential interest rate hike. Data from Barclaycard revealed that spending on…
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7 November
Jacobs the Jewellers wins Pride of Reading award
Jacobs the Jewellers has won the ‘Pride of Reading’ award at a gala ceremony hosted by local born Chris Tarrant on Friday 3 November. The business scooped the 2017 ‘Business in Action’ Award for Reading businesses with fewer than 50 employees. The award is in recognition of the outstanding contribution…
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6 November
Aurum Holdings offers online video concierge service
Aurum Holdings has teamed up with live customer engagement company, Vee24, to use video chat to provide an online concierge service for customers. This personal service, available from 8am to 10pm, 7 days a week, covers the full product range at Watches of Switzerland, and selected high value items at…
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6 November
NAJ and DASH launch ‘ground breaking’ digital currency survey
The National Association of Jewellers (NAJ) and digital cash brand Dash are inviting companies in the jewellery sector to take part in their Digital Currency survey. The survey aims to understand perceptions and attitudes towards DASH, an alternative currency. The results of the survey will also enable Dash to tailor…
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6 November
F Hinds first UK jeweller awarded ‘prestigious’ World Diamond Mark
F Hinds is the first jeweller in the UK to be confirmed as meeting the standards required by international diamond governing body the World Federation of Diamond Bourses. It has awarded the family retailer with the ‘World Diamond Mark’ (WDM) and seal as an Authorised Diamond Dealer. This recognises the…
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