News
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Jun- 2020 -8 June
Say it with Diamonds sales surge amid lockdown
High-street jeweller Say it with Diamonds has reported a 267% sales uplift on engagement rings amid the nationwide lockdown. The surge in sales during March and April marked a notable difference from the amount of engagement rings sold in the same period the year prior. Over the same two-month period,…
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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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5 June
Bira welcomes business rates revaluation postponement in Wales
The British Retailers Association (Bira) has welcomed the decision by the Welsh government to delay the revaluation of business rates. The announcement follows a similar ruling made in England on 6 May, which resulted in the government scrapping a bill to reevaluate business rates in 2021. The decision to postpone…
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5 June
Arnault son named as Tag Heuer CEO
LVMH has announced that Frederic Arnault, son of chief executive Bernard Arnault, will assume the position of CEO for Tag Heuer. Arnault’s new role will come into effect on 1 July. He had initially joined the watch group in 2017 as its strategy and digital director. In addition, LVMH announced…
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5 June
Consumer confidence slips further amid UK lockdown
GfK’s long-running Consumer Confidence Index has decreased by two points over the past two weeks. In the market research firm’s third Covid-19 flash report, it found that the measure for the general economic situation of the country dropped five points to -60 between 20 and 26 May. Additionally, the outlook…
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5 June
Online sales reach 10-year high
British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty, according to new figures by accountancy and business advisory firm BDO. According to BDO’s High Street Sales Tracker (HSST), total like-for-like sales, consisting of both in-store and non-store sales, declined…
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4 June
F.Hinds reveals 16 June reopening
F.Hinds has revealed its plans to reopen all F.Hinds and Chapelle stores across England from 16 June, following the latest government advice for retailers. The group said that customers would be able to try on jewellery and watches “where necessary”, but additional health and safety measures will be implemented to…
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4 June
Birmingham Assay office elects five new guardians
The Birmingham Assay office has announced the election of five new guardians of the standard of wrought plate. The raft of appointments include Simon Dawe, sales director of TH March, Kevin Saunders a regulatory and criminal barrister, David-Louis Hendley of Artfull Expression, alongside Russell Jeans CEO of Sefton Consulting and…
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4 June
Bira creates five-step guide to help independent retailers open again
The British Independent Retailers Association has created a five-step guide to help independent retailers open again with confidence later this month. The five-step guide to a Covid-secure reopening takes members through what they need to do to be safe and compliant ahead of reopening on 15 June . It also…
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