Inflation

Cost of living crisis starts to impact sales, BRC finds

On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to…

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Cost of living crisis weighs on retail sales growth

High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according…

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Jewellers voice concern over rate of inflation

Jewellery retailers have expressed concern over the latest Consumer Price Index (CPI) figures which show headline inflation at 9.1%. Jewellers…

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BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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Signet Q1 sales hit £1.4bn

Signet Jewellers has revealed its total sales increased 8.9% year-on-year to $1.8bn (£1.4bn) in the 13 weeks ended 30 April…

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Cost of living crisis begins to hamper consumer spending

Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs…

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BoE raises interest rates to highest level since 2009

The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…

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Motley to cease trading

Jewellery design platform Motley, which focused on selling and promoting independent jewellery, has announced it will cease operating. The news…

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Lily Arkwright sales surge amid ‘strong demand’ for lab diamonds

Lily Arkwright, the ethical and sustainable lab grown engagement ring retailer has reported it has experienced “strong” demand for ethical…

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Retail industry responds to ‘underwhelming’ Spring Statement

Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with…

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