Retailers

British retailers lose out on £3.4bn without online investment

British retailers are losing out on £3.4 billion worth of goods left in virtual shopping baskets each year, as two thirds of the contents of all virtual shopping baskets are abandoned. A study by Barclays found that making online shopping more convenient could boost retailers’ takings by £10.5bn within just…

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Meadowhall welcomes Tag Heuer opening

British Land, joint owner of Yorkshire’s Meadowhall shopping centre, has announced the opening of luxury Swiss watch manufacturer Tag Heuer. The newly launched 1,820 sq ft store is located next to Goldsmiths and opposite Reiss, and sells high end Swiss watches, eyewear, leather goods and accessories. Many of the brand’s…

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Thieves crawl through hole to steal £1.8m of jewellery from East London shop

Thieves managed to get away with £1.8m worth of gold and diamonds after they smashed a hole in the wall of a jewellery shop in east London. With the use of a sledgehammer and crowbar, the gang managed to get through to Joyalukkas jewellery shop in Forest Gate, Newham to…

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Signet Jewelers acquires JamesAllen.com owner, R2Net

Signet Jewelers announced that it has agreed to acquire R2Net for $328m (£256m) in an all-cash transaction. R2Net is the owner of online jewellery retailer JamesAllen.com, as well as Segoma Imaging Technologies, who provides R2Net machines to enable delivery of next-generation digital shopping experience for jewellery. The acquisition will bring…

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Social media best for business leads; print second, say SMEs

Some 62% of SMEs said that social media brings in the highest quality leads and sales, according to a survey of over 200 SMEs by UK call tracking provider, Mediahawk. Of the businesses asked, 55% were planning to increase budgets in this area. Offline media including magazines, flyers and newspaper…

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Signet Jewelers post positive Q2 financial results

Signet Jewelers, which owns H Samuel and Ernest Jones in the UK, has reported a same store sales (SSS) increase of 1.4% in Q2. Total sales were $1,399.6m (£109.2m), up $26.2m (£20.4m) or 1.9%, compared to a decrease of 2.6% in the 13 weeks ended July 30, 2016. SSS increased…

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Watchshop.com adds Christina Jewelry to its portfolio

Watchshop.com has added a new jewellery collection to their portfolio with the acquisition of Danish brand Christina Jewelry. With more than 100 pieces available at Watchshop.com, Christina Jewelry was founded by Christina Hembo, who began her design career with Swiss made watches including two editions worn by the Queen and…

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Aurum continues UK expansion of Tag Heuer boutiques

Aurum Holdings has continued to build its presence in key UK cities this summer with the opening of two Swiss watch brand Tag Heuer franchise boutiques. The first of the boutiques opened this July in London’s historic Old Spitalfields Market. August then saw the arrival in Sheffield’s Meadowhall centre, marking…

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Monica Vinader opens stores in Dubai

British jewellery brand Monica Vinader has opened a new standalone store in the City Centre Mirdif in Dubai. Under expansion plans in the UAE, the brand also opened a concession stand at Galeries Lafayette in Dubai Mall. The City Centre Mirdif store was designed with the aim to create a…

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David Mellor Jewellers relocates after 9 years

David Mellor Jewellers will be relocating from its current shop in Waterloo Court to Andover city centre later this year. Developments are taking place at an old Carphone Warehouse store in the Chantry Centre, where the jewellers will be relocating to. Amy Mellor, manager, said: “After a great nine years…

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