News
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Jan- 2017 -17 January
Burlington Arcade up for sale
Burlington Arcade – the luxury shopping gallery in London that is home to 19 jewellers – has been put on the market for a sum believed to be around ยฃ400m. Thor Equities and Meyer Bergman, co-owners of the arcade, have announced plans to sell the renowned global luxury retail destination,…
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17 January
New jewellery store opens in Guildford after ยฃ300,000 funding
Two Guildford jewellers with more than 25 yearsโ experience between them have opened their first retail store after a ยฃ300,000 finance package from HSBC. Harrington Brookshaw, owned by Andrew Brookshaw and Paul Harrington, has used the funding to fit out and stock the 500 sq ft premises, located at 157…
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16 January
High street footfall rises in December for first time in five years
UK high streets saw a 0.8% year-on-year rise in footfall in December as retailers managed to draw in last-minute shoppers. The latest monthly Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard found the increase in high street footfall – the first December rise for five years…
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13 January
Hallmarking falls sharply in December amid weak full-year results
The total number of hallmarked items nose-dived in December by 15.7%, a decrease of 145,007 pieces when compared with December 2015. Figures released by the four UK assay offices – compiled by the Birmingham Assay Office – found there was a total of 781,200 articles hallmarked during the month, down…
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12 January
UK jewellery and watch sales help Richemont return to growth
Richemont has reported a 5% increase in total sales in the third quarter (Q3) of its financial year, boosted by strong jewellery and watch sales in the UK. The Swiss luxury goods group – owner of jewellery and watch brands such as Cartier, A. Lange & Sohne, Jaeger-LeCoultre and Vacheron…
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11 January
Signet sales fall 4.6% over festive holiday season
Signet Jewelers, the parent company of UK-based H Samuel and Ernest Jones, has reported a fall in sales over the festive holiday period. For the nine weeks ending 31 December 2016 the company reported that same-store sales had decreased 4.6% compared with an increase of 5.1% in the nine-week period…
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11 January
Asprey reports jump in jewellery and watch sales
Luxury goods retailer and jewellery designer Asprey has reported a jump in retail sales in the first three quarters of the financial year. Asprey has seen โstrong momentumโ in the period from 1 April 2016 to 31 December 2016, with the companyโs retail channel reporting a year-to-date increase of 65%…
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11 January
Staff threatened with handgun in jewellery store raid
Members of staff have been threatened with a handgun during a raid at a luxury watch store in Buckhurst Hill, Essex. Police were called yesterday (Tuesday, 10 January) at around 5:30pm to Luxe Watches on Queens Road after a member of staff was threatened by two men and was forced…
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10 January
Last-minute Christmas rush boosts retail sales in December
UK retail sales continued to grow in December after consumers left their shopping until the final week before Christmas. The latest British Retail Consortium (BRC) and KPMG Retail Sales Monitor found UK retail sales increased 1% on a like-for-like basis from December 2015, when they had increased 0.1% from the…
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9 January
Pound falls on Theresa May’s Brexit comments
The value of the pound has fallen to its lowest point in two months following Prime Minister Theresa Mayโs announcement that the UK would seek a โhard Brexitโ. Sterling fell by about 1% on average, with the pound being 1.06% against the dollar at $1.21 this morning. In an interview…
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