Retail Sales
Retail sales are a key driver of the UK jewellery trade, reflecting consumer trends, seasonal peaks, and broader economic conditions. For jewellers, suppliers, and manufacturers, monitoring retail performance is crucial to planning inventory, marketing, and growth strategies. Jewellery Focus provides comprehensive coverage on retail sales, including market analysis, sales figures, consumer behaviour insights, and strategies for maximising performance in-store and online.
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Jul- 2022 -22 JulyRetailers
Retail sales fall in June despite Platinum Jubilee celebrations
Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum Jubilee boost, according to data from the Office of National Statistics (ONS). The data, which covers 29 May to 2 July 2022, revealed that sales volumes were 2.2% above its…
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18 JulyNews
Richemont Q1 sales rise 12% to £2.55bn
Richemont has reported sales growth of 12% for the first quarter ending 30 June 2022, rising from €4.39bn (£3.72bn) to €5.26bn (£4.46bn), with its Jewellery Maisons business also delivering 12% sales growth from €2.51bn (£2.13bn) to €3bn (£2.55bn). The group’s other business areas, mostly composed of Fashion and Accessories Maisons,…
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13 JulyRetailers
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 the latest figures from BRC’s sales monitor. This is below the three-month average decline of 0.8% and the 12-month average growth of 3.0%. UK retail sales decreased 1.3% on a…
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8 JulyNews
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 to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…
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Jun- 2022 -8 JuneRetailers
Ramsdens Holdings profit surges to £2.2m in 2022 H1
Ramsdens Holdings has revealed profits before tax of £2.2m for the six months ended 31 March 2022, up from a £0.1m loss over the same period in 2021. Gross revenue increased 51% to £29.3m (HY21 £19.3m), while Jewellery retail revenue was up 62% to £13.1m (HY21: £8.1m). Online jewellery retail…
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May- 2022 -20 MayRetailers
Retail sales rise by 1.4% in April
Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022, with sales volumes 4.1% above their pre-coronavirus February 2020 levels. In the three months to April 2022, sales volumes fell by 0.3% when compared with the previous three months; this continues the downward…
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Mar- 2022 -31 MarchRetailers
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 jewellery and its lab diamond engagement ring collections in the face of slowing UK online retail sales in February 2022. The company said it is mindful of supply chain issues…
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25 MarchRetailers
Retail sales volumes fall 0.3% in February, ONS says
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% in January 2022, according to the latest figures from ONS, with sales volumes at 3.7% above their pre-coronavirus (Covid-19) February 2020 levels. Non-store retailing sales volumes fell by 4.8% over the month following strong growth in…
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16 MarchRetailers
Retail sales monitor shows ‘cause for optimism’, Bira says
The British Independent Retailers Association (Bira) has said there is “cause for optimism” after the recent BRC-KPMG retail sales monitor for February 2022 which revealed that UK retail sales increased 2.7% on a Like-for-like basis from February 2021. According to the BRC the performance comes on top of an improved…
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Feb- 2022 -21 FebruaryEconomy
Bira welcomes sales rise, but warns ‘all is not well’
The British Independent Retailers Association (Bira) has said it is “pleased to see a rise in retail sales”, but warned retailers against “falling into the trap of thinking all is well”. It was commenting on the recently released figures by the Office for National Statistics (ONS) for the UK retail…
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