Consumer Confidence
Consumer confidence directly impacts the UK jewellery trade, influencing spending on luxury items and shaping retail performance. For jewellers, suppliers, and manufacturers, tracking shifts in consumer sentiment is vital for forecasting demand, planning inventory, and refining marketing strategies. Jewellery Focus delivers expert coverage on consumer confidence trends, market analysis, and insights into how economic and social factors affect purchasing behaviour across the sector.
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Jun- 2020 -22 JuneEconomy
Chancellor mulls VAT cut and could follow up with autumn tax rises
Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with a set of Autumn tax rises. According to the Financial Times, Sunak is planning deferred tax rises and cuts to public spending in his autumn Budget as a follow up to further stimulus…
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15 JuneNews
Retailers to suffer for ‘some time to come’, says BRC
Footfall across the UK tumbled by 81.6% in May, as the British Retail Consortium (BRC) has warned that retailers may suffer lower footfall and sales “for some time to come”. According to its latest report, the decline recorded in May marked a “shallower decline” than the month prior, as certain…
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5 JuneCoronavirus
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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3 JuneCoronavirus
Biggest decline in shop prices since 2006
May shop prices tumbled at the fastest rate of decline since 2006, falling by 2.4% against a 1.7% decrease in April. This was “largely” driven by a sharp fall in non-food prices, which fell “sharply” by 4.6% in the period, compared to a decline of 3.6% the month prior. This…
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May- 2020 -26 MayAppointments
RJC marks 15 years welcoming new members at 2020 AGM
The Responsible Jewellery Council (RJC) has marked its 15-year milestone strengthening consumer confidence for the global jewellery industry at its virtual Annual General Meeting (AGM). The world’s leading standard setting organisation for the entire jewellery and watch supply chain celebrated its 15-year anniversary by launching a new website, and publishing…
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22 MayCoronavirus
Consumer confidence drops further in May
GfK’s long-running Consumer Confidence Index has decreased by one point to -34 for May, as the Covid-19 pandemic continues. The measure for the general economic situation of the country during the last 12 months has dropped seven points to -55, 25 points lower than in May 2019. Additionally, expectations for…
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1 MayAdvice
Covid-19 – Funding options and survival tips to keep the jewellery industry afloat
No business has been immune from the effects of the Covid-19, but the jewellery sector has in some ways been particularly vulnerable to the economic challenges posed by the virus. While firms in many sectors have been able to adapt to the circumstances by shifting to new and unfamiliar delivery…
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Feb- 2020 -11 FebruaryAnalysis
Yes, the trade barriers are coming
I think both Leavers and Remainers probably expected this in the long run – Michael Gove announced yesterday that businesses should “accept” that frictionless trade with the EU will be impossible whatever agreement is finally reached by the deadline of 31 December this year. This is the cost, he says,…
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Jan- 2020 -10 JanuaryBusiness Bites
Spooked markets seem soothed by Iran-US climb-down
When Iran decided to hit back on US military facilities after president Trump ordered the assassination of Iranian general Qasem Soleimani, there was talk of the outbreak of war. NATO countries apparently implored Trump not to go for another attack, fearing that if he did things would escalate beyond control…
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Jul- 2019 -9 JulyRetailers
‘Worst June on record’ for retail sales, says BRC
On a total basis, sales decreased by 1.3% in June, against an increase of 2.3% in June 2018, according to new data from the BRC. The group said the decline dragged the three-month average into a decline of 0.1% and the 12-month average to an increase of 0.6%, the lowest…
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