News
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Sep- 2020 -4 September
Signet Jewellers swings to loss in Q2
Signet Jewellers, the parent company of H.Samuel and Ernest Jones, swung to a loss of $81.7m (£62m) in its second quarter of trading, down from a loss of $36.1 (£27.4m) the year before. Total sales also fell by 34.9% to $888m (£623m) in the quarter ended August 1, 2020. Meanwhile,…
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4 September
Hublot partners with Soccer Aid for Unicef 2020
Hublot will partner with Soccer Aid for Unicef, the world’s biggest charity football live event, for its 2020 match that is set to take place this week. Soccer Aid for Unicef, which was created as a way of raising money for at risk children around the world, has raised over…
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4 September
GemGenève cancels November show
GemGenève has announced the decision to cancel its November 2020 show “after careful consideration”. It comes as its organisers said the current pandemic, travel restrictions and increased sanitary precautions make it “impossible for GemGenève to be the interactive experience that we intend it to be”. In a “show of understanding…
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3 September
Retail vacancy rate reaches six-year high
Retail shop vacancies have reached a six-year high due to the impact of the coronavirus pandemic, according to new research from Springboard. The research found the UK vacancy rate rose to 10.8% in July up from 9.8% in January, which means it is now at the highest level since January…
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3 September
Leicestershire police launch appeal after jewellery store robbery
Officers are appealing for witnesses after jewellery was stolen from a local jewellers in Market Harborough. A local report from the Harborough Mail has named the shop as high street business County Jewellers. According to Leicestershire police, the robbery happened shortly before 1.30am yesterday (1 September) at the premises. It…
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3 September
Yummikeys launches Ultrasound Necklace
Eco-friendly baby brand, Yummikeys, has announced its first ever adult-only jewellery design, the Ultrasound Necklace. The piece is designed with “mum in mind”, with each necklace produced engraved with a personal ultrasound image, with the idea of producing a “cherished keepsake” for customers. According to the group, the “carefully” designed…
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3 September
SMEs ‘plagued’ by late payments
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent. Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the “startling impact” of late payment…
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2 September
Tiffany sales begin to recover
Tiffany and Co has reported its financial results for the three months and half-year ended July 31, 2020. The group began to return to profitability during the second quarter of 2020 following “meaningful sequential improvements” in monthly worldwide net sales from May to July. In light of this, worldwide net…
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2 September
Movado Group secures Calvin Klein deal
Movado Group has announced that it has entered into a license agreement with Calvin Klein, Inc, for the design, product development, distribution and marketing of Swiss made and fashion timepieces, as well as fashion jewellery. The agreement will commence in January 2022 and has an initial term of five years.…
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2 September
EOHO boosts retail footfall in last week of August
Footfall across all UK retail destinations rose by 6% over the week ended 29 August, according to the latest figures from Springboard. The latest figures still marked an annual decline of 26.1%, though this was a “noticeable improvement” against the year-on-year decline of 30.7% the week before. In the final…
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