Retailers
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Feb- 2023 -10 February
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company said its lower than expected sales growth was because of rail and postal strikes over Christmas and general…
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9 February
Tag Heuer to open first dedicated boutique in Birmingham
Tag Heuer has announced it has signed with Hammerson to open its first dedicated boutique in Birmingham and first store to feature a new design concept at Bullring and Grand Central. Located on the Bullring’s upper level opposite Sky and Breitling, the 1,400 sq ft standalone boutique aims to “further…
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8 February
Inflation to add £18.2bn to UK retail sales
Inflation is set to add around £18.2bn to non-food sales in the UK according to the Ecommerce Delivery Benchmark Report 2023, commissioned by Auctane in partnership with Retail Economics. Sales values are expected to hit £249bn in 2023 with the additional £18.2bn, a 2.6% increase, driven entirely by rising consumer…
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7 February
Steven Stone recreates ‘Titanic’ pendant to mark film’s anniversary
Jeweller Steven Stone has launched a recreation of the Heart of the Ocean pendant from the film Titanic, in celebration of the 25th anniversary of the film. The 50 carat piece features a deep blue sapphire, surrounded by a halo of round diamonds. Worn by Kate Winslet’s character Rose DeWitt…
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2 February
Return to office boosts weekday footfall in Jan
A return to the office has boosted footfall in January despite the effects of rail strikes over the month, Springboard has said, with footfall up by 10.7% against the prior year. This was greater than the annual uplift of 9.9% reported in December 2022 and marked the largest annual increase…
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2 February
BoE raises interest rates to 4%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 4%, the highest level in 14 years. The increase, which is the tenth consecutive increase, was decided after the bank’s Monetary Policy Committee (MPC) voted by a majority…
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1 February
Tasaki unveils new additions to fine link and danger collections
Tasaki has launched new additions to its fine link and danger collections, aiming to offer a “fresh approach to the traditional image of pearl jewellery”. The fine links collection features a pearl embedded in a metallic loop, a modern representation of a chain link. Diamonds are set along the vivid…
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Jan- 2023 -30 January
Repossi unveils Antifer Heart capsule collection
Repossi has unveiled its Antifer Hear capsule collection, which aims to “reinvent” the classic gold wedding band through a juxtaposition of round and angles. Inspired by contemporary art and Japanese essentialism, the Antifer Collection was created in 2013 and today embodies one of the three pillars of Repossi’s design identity. …
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27 January
Vacancy rates improve to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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24 January
Berry’s Jewellers unveils Nottingham Omega showroom
Berry’s Jewellers has announced the opening of a new Omega showroom in Nottingham. The new store will be the only Omega showroom in the Nottinghamshire area. Located next to the Berry’s store, the showroom will open in early February in a prime city centre location that has been home to…
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