Economy
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Dec- 2015 -8 December
November retail sales slow as Black Friday shoppers turned to digital
Retail sales in the UK slowed down in November as consumers turned to e-commerce across the Black Friday weekend. That is according to the latest British Retail Consortium (BRC) and KPMG Retail Sales Monitor, which found UK retail sales decreased 0.4% on a like-for-like basis from the same month last…
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2 December
Shop prices fall to joint record low in November
Shop prices fell 2.1% in November as retailers took part in ‘intense’ competition in the build up to Black Friday. That is according to the latest British Retail Consortium (BRC) and Nielsen Shop Price Index which found the fall was down from a 1.8% fall in October. On a 12-month…
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Nov- 2015 -30 November
Black Friday footfall down as shoppers turn to online
E-commerce stole the show over the Black Friday weekend as retail footfall fell unexpectedly across the UK, according to retail footfall analyst firm Springboard. Footfall across retail destinations in the UK for the weekend as a whole was down 9.6% compared with the same period last year, as shoppers increasingly…
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27 November
Record auction sales boost jewellery investment performance
Record auction sales and strong demand for coloured diamonds and pearls have helped boost the investment performance of jewellery, according to estate agent Knight Frank. Launched at an event held at the Mayfair headquarters of auction house Bonhams, the latest edition of the firm’s Luxury Investment Index (KFLII) focused on…
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20 November
UK jewellery sales up 1.2% in 2015
Sales of UK jewellery grew 1.2% from £4.1bn in 2014 to an estimated £4.15bn in 2015, according to new data released from market research firm Mintel. The report found that precious metal jewellery sales were strong during the year, rising 3.7% from £3.36bn in 2014 to an estimated £3.4bn in…
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18 November
UK jewellery exports via Heathrow up 18%
The value of jewellery exported via Heathrow airport has increased by 18% over the past two years, according to new figures. The UK customs data released by Heathrow, and analysed by management consultants Seabury, found jewellery to be the third most valuable export travelling via the London-based airport at £3bn.…
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17 November
Retail parks perform well as retail footfall continues to fall
Retail footfall in the UK was down 0.2% in October compared with the same month last year, unchanged from the decline in September. That is according to data from the British Retail Consortium (BRC) and Springboard’s Footfall and Vacancies Monitor, which found the fall was slightly above the three-month average…
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13 November
Hallmarking figures drop 4.4%
Hallmarking figures fell by 4.4 in October, with gold taking a particular hit. Data compiled from the four UK assay offices by the Birmingham Assay Office showed that the total number of items hallmarked during the period was 1,186,648, down from 1,240,717 last year. Gold was down 3.5%, silver 5.5%, and…
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9 November
Retail employment up as number of stores increases
The number of full-time jobs rose by 0.8% in the third quarter of 2015 compared with the same period last year – the fastest rate of growth since March 2014. That is according to the latest British Retail Consortium (BRC) and Bond Dickinson Retail Employment Monitor, which found in the…
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5 November
Retailers ‘confident’ for Christmas and Black Friday trading
A record number of retailers are confident about the fast-approaching Christmas trading period and Black Friday, according to new figures from Barclays. The bank’s Christmas Survey found that more than three quarters (77%) reported they are more confident about Christmas trading this year. An even higher proportion (79%) said they…
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