Economy
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Oct- 2014 -22 October
More consumers than ever ‘willing to risk’ last minute Christmas order
The proportion of consumers who feel willing to risk placing an order online with less than a week to go before Christmas, has risen to 47%, for 2014, compared with 20% last year. The figures, published in the ‘eCustomerServiceIndex’ results from eDigitalResearch and IMRG, said 47% consumers will order gifts online…
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21 October
Christmas click-and-collect ‘to be worth £3bn’
The growing popularity of so called click-and-collect services from high street retailers is set to account for £3bn of sales over the upcoming festive season. A report published in the times said the figure would represent a 40% increase on similar purchasing habits during the same period last year. It…
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21 October
Consumer confidence hits three year high
Consumer confidence in Quarter 3 has reached its highest level in three years according to the latest Deloitte Consumer Tracker. According to the research Consumers’ confidence regarding their disposable income, level of debts and job progression has all increased. Overall consumer confidence is three percentage points higher than the same…
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20 October
September retail footfall drops marginally
Footfall in September declined 0.9% compared to the same month last year, however it increased by 1.1% compared with last month. According to the BRC Springboard Footfall Monitor, footfall on the high street was down 0.6% on the previous year, while footfall in shopping centres down by 2.6%, its steepest…
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16 October
LVMH jewellery and watches arm rises 5%
The jewellery and watches division of luxury good group LVMH Moet Hennessy Louis Vuitton has reported a 5% lift in revenues for the first nine months of the year. LVMH said that while watches continued to be affected by “cautious purchasing of multi-brand retailers”, the third quarter showed “notable acceleration”…
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14 October
Figures analysis: January to September hallmarking jumps 19%
Overall hallmarking figures have shown an increase of almost 19% in the first nine months of 2014, compared with the same period the previous year. So far the biggest year-on-year increases on a by-month basis were January and May, which increased 31% and 27% respectively compared with their corresponding time…
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14 October
September retail sales ‘worst since December 2008’, Christmas outlook remains positive
UK retail sales in September were down 2.1% on a like-for-like basis compared with September 2013, when they had increased 0.7% on the preceding year. The new figures from the British Retail Consortium’s BRC-KPMG Retail Sales Monitor found in total, sales were down 0.8%, against a 2.4% rise in September…
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8 October
Shop prices remains deflationary for 17th month: BRC
Overall shop prices reported deflation for the seventeenth consecutive month, accelerating to 1.8% in September from 1.6% in August. This is according to the BRC-Nielsen Shop Price Index in which non-food industries (including clothing and footwear) reported acceleration in deflation of 3.2% in September from 2.9% in August. Helen Dickinson,…
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7 October
Precious metal prices fall to lowest in 15 months
The gold price fell to its lowest level for 15 months on October 6 after improved US employment figures boosted the dollar, according to Reuters. The price of gold, which influences the price of other precious metals, hit its lowest level since June 2013, at $1,183 (£735) an ounce. Platinum…
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7 October
Jewellery and watch market to grow by 1.8%, says Mintel
Research company Mintel has estimated that the watch and jewellery market will grow by 1.8% by the end of 2014. According to its ‘Watches and Jewellery Retailing – September 2014’ report, this year’s growth has been driven by rising consumer confidence and the expansion of the watches sector. Gold is…
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