News
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Jun- 2019 -11 June
Amazon reduces selling partner fees for jewellery and watches
Online retail giant Amazon has introduced a new tiered referral fee for jewellery and watch selling partners across Europe. According to the retailer, this will “significantly” reduce the cost of selling jewellery and watches priced over €250/£225. The changes are: Watches referral fee changing from a flat 15% in the…
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10 June
Footfall ‘plummets’ in May
Footfall declined by 3.5% in May, compared with the same point last year when it declined by 0.4%, according to the latest BRC-Springboard Footfall and Vacancies Monitor. On a three-month basis, footfall decreased by 0.7%. The six and 12-month averages are at -1.3% and -1.4% respectively. High Street footfall declined…
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10 June
Women’s Jewellery Network announces new ambassadors
The Women’s Jewellery Network (WJN) has announced its new cohort of ambassadors. It follows an extensive process which saw more than 100 applicants and 28 days of interviews. Commenting on the launch, MD Victoria McKay said: “This has been a truly humbling, inspiring and challenging process. We were overwhelmed by…
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7 June
Signet sees Q1 sales fall
Signet Jewelers, the parent company of UK retailer H Samuel and Ernest jones, has seen total sales and same stores fall during the first quarter of the year. For the 13 weeks ending 4 May 2019 Signet posted revenues of £1.43bn (£1.12bn) down 3.3% from the previous year while same…
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7 June
Police appeal following robbery at Harringay jewellers
Detectives in Harringay, London have released CCTV footage of three men they wish to trace in connection with a commercial robbery of the Italgold Jewellery store, during which a woman was attacked. According to the Metropolitan Police, on Monday 15 April at 12:45pm, a man walked into a jewellery shop…
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6 June
Lizzy James to launch in the UK
US jewellery brand Lizzy James will launch in the UK this summer. Michelle and Amy Joseph, who own the jewellers, will be launching the brand at Tendence Frankfurt, Pure, Top Drawer, Aix Index and Harrogate Fashion week. The brand was founded in San Diego, California, in 2011, and its collection…
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6 June
Banking red tape holding back UK retailers abroad
Almost three quarters (71%) of UK retailers would like their businesses to further expand internationally, however most (57%) believe overseas expansion is fraught with risk, according to new research conducted by buy now, pay later service Laybuy. The research, published today (6 June), surveyed over 200 UK retailers and revealed…
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5 June
Diamond Producers Association releases online tools for retailers
The Diamond Producers Association (DPA) has launched an expanded offering of educational assets available to the jewellery trade at the international trade show JCK Las Vegas. The association’s new asset package includes a free social media asset library that will be expanded regularly to help retailers feed their digital channels…
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4 June
Raymond Weil releases new Freelancer collection
Luxury Swiss watchmaker Raymond Weil has launched its new Freelancer collection. Handmade in Geneva with care, the two new 42mm models feature a half-moon opening date window – a centerpiece of the new design. First launched in 2007, the freelancer collection two latest models have been reinvented to highlight this…
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4 June
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records began in January 1995, according to the latest BRC-KPMG sales monitor. However, the BRC said this was against an increase of 4.1% in May 2018, itself a four year record.…
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