Economy
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Nov- 2014 -6 November
Michael Kors reports upbeat Q2 results
Fashion accessories brand Michael Kors has reported strong Quarter 2 (Q2) results with its total revenue increasing by 42.7% to $1.1bn (£688m) from $740.3m (£464m). European revenue grew 108.6% to $237.9m (£149m), with comparable store sales increasing 41.1%. Retail net sales increased 39.4% to $495.6m (£310m), according to the company…
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4 November
Retail confidence for Christmas is high, says Barclays
Over 70% of retailers are feeling more confident about Christmas trading than to last year, with 28% claiming they are “far more confident”, according to new research from Barclays. According to a new survey of multi-channel retailers, commissioned by Barclays’ retail and wholesale banking team, the festive cheer compares favourably…
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2 November
Blue Nile sees sales soar 25.6% in Q3
Online retailer of diamonds and fine jewellery Blue Nile has published a strong Q3 report with net sales up 6.9% and international net sales up 25.6%. The company saw its international sales for the third quarter reach $21.5m (£13.4m), compared to $17.1m (£10.7m) for Q3 in 2013, an increase of…
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Oct- 2014 -30 October
Jewellery Focus introduces revamped mobile site
A new mobile and responsive site for JewelleryFocus.co.uk has been rolled out with immediate effect to cater for the growing number of mobile users engaging with the Jewellery Focus brand on a daily basis. The site is designed for simplicity of use and focuses on the latest news stories –…
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27 October
High street sales growth ‘remains robust’
Retail sales volumes continued to grow in the year to October, with another strong rise expected in the month ahead, according to the Confederation of British Industry (CBI). The body’s latest monthly Distributive Trades Survey of 124 firms showed a third successive month of firmly above-average sales growth. But sales growth…
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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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