Coronavirus
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Jun- 2020 -12 June
Theo Fennell to reopen boutique on a limited basis
Theo Fennell has announced that it will be reopening its Fulham Road flagship boutique on 16 June, following the latest government guidelines for store openings. The fine jewellery and silverware boutique will be opening on a by-appointment basis for two days a week, Tuesdays and Wednesdays between 11am and 4pm,…
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12 June
Watches of Switzerland preps for reopening
Watches of Switzerland has announced that it will reopen its stores across England on 15 June. All Watches of Switzerland, Mappin & Webb and Goldsmiths stores in the country will reopen, while its showrooms in Scotland, Wales, Northern Ireland and UK airports are expected to open at a later date.…
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11 June
Lark and Berry unveils reopening procedures
Lark and Berry has unveiled the new procedures that will be implemented in its flagship London store upon reopening next Monday (15 June). After being closed for more than 10 weeks, the jeweller has implemented a number of health and safety procedures in line with government guidelines to “ensure a…
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10 June
70% of shoppers ‘not comfortable’ returning to shops
Consumers remain “deeply cautious” about returning to shops, the latest EY Future Consumer Index has revealed ahead of retailers opening next week (15 June). According to the survey of 1,017 consumers, 80% said they would be “uncomfortable” trying on clothes in a store, while only 25% are “currently comfortable” visiting…
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10 June
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with the economy unlikely to be able to fully restart until a vaccine or effective treatments for the virus are available. This is according to KPMG UK’s latest quarterly Economic Outlook, which considered…
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10 June
Signet to close 80 UK stores permanently
Signet Jewelers has announced that it will not reopen 80 of its UK stores, in an effort to emerge “stronger and more efficient” following the Covid-19 crisis. As part of its decision to accelerate its ‘Path to Brilliance’ programme Signet, which has 3,200 stores worldwide, has revealed initially 150 of…
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9 June
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on essential items grew slightly by 0.9%. This was bolstered by a 24.5% rise in supermarket spend – which increased to 27% in the week preceding the VE Day weekend as…
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9 June
Bira opposed to proposed relaxation of Sunday trading laws
The British Independent Retailers Association (Bira) has expressed concern for proposed relaxation of Sunday trading laws. Under plans being suggested by the government, England could suspend Sunday trading laws for a year in a bid to boost the economy. However, Bira, who has added its support to the ‘Keep Sunday…
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8 June
Sunday trading deregulation would be a ‘slap in the face’ for key workers, says Usdaw
Shopworkers union Usdaw has titled government plans for Sunday trading deregulation as a “slap in the face” for key workers and calls out the government failing to provide a “proper strategy “to help the retail industry. This move to deregulate Sunday trading hours would come across as an opportunistic use…
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8 June
Footfall begins ‘journey to recovery’ in May
Consumer footfall may have begun its “long journey to recovery” in the month of May, according to the latest figures from Springboard. Whilst footfall dropped by 73.3% in May, this still marked a “marginal improvement” from the month prior, when footfall saw a decline of 80.1% in light of the…
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