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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Feb- 2022 -18 FebruaryRetailers
Retail sales up 1.9% in January 2022
Retail sales volumes rose by 1.9% in January 2022 following a fall of 4.0% in December 2021, according to the latest figures from the Office for National Statistics. It also revealed sales volumes were 3.6% above their pre-coronavirus (Covid-19) February 2020 levels. Non-food stores sales rose by 3.4% as home…
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8 FebruaryNews
Consumer spending slows in January
Consumer card spending rose by only 7.4% in January compared to the same period in 2020, marking the smallest uplift since April 2021, as spending was dampened by ongoing Plan B restrictions, inflation, and rising energy costs. Data from Barclaycard found that spending on essential items grew by 10.4%, the…
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Jan- 2022 -24 JanuaryRetailers
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was –31.1% lower than in 2019, but up from -39.1% in 2020, with retail parks continuing to display a “notable resilience” than either high streets or shopping centres in retaining footfall, according to Springboard’s 2021 report. Springboard said that “it was the three month…
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Dec- 2021 -16 DecemberRetailers
Festive jewellery spending increases 29% YOY, Mastercard reveals
Jewellery spending has increased 29% year-on-year in the run up to Christmas, according to the latest data by Mastercard SpendingPulse. Events such as weddings were seen as a key driver for the uplift in jewellery sales, as is the assumption many wanted to treat themselves and loved ones this Christmas.…
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Nov- 2021 -15 NovemberRetailers
Richemont’s group operating profit surges 331% to €1.94bn
Richemont has announced its group operating profit for the six-month period ending 30 September 2021 increased by 331% over the prior-year period to €1.94bn (£1.65bn), compared to €452m (£384m) for the same period in 2020. Additionally, group operating profit reportedly increased by 67% on a two-year basis from €1.16bn (£9.92m)…
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Sep- 2021 -10 SeptemberEconomy
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1%…
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Aug- 2021 -20 AugustEconomy
Retail sales growth slows in July
Retail sales volumes fell by 2.5% between June and July 2021, as rainy weather and last month’s ‘pingdemic’ dampened demand from consumers. Nonetheless, sales were still up by 5.2% in the three months to July against the previous three months, and 5.8% higher than their pre-pandemic February 2020 levels, according…
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11 AugustRetailers
Online retail sales decline eases in July, IMRG finds
The IMRG Capgemini Online Retail Index released today has found that after recording the steepest drops in history for two months in a row, the fall in online retail sales appears to be slowing, which could reportedly signal a return to stability in the near future. The report, which tracks…
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May- 2021 -21 MayRetailers
Richemont’s jewellery maisons drive sales recovery
Luxury goods holding company Richemont has announced that its FY21 jewellery maisons sales grew 3% year-on-year to £6.42m. Operating profit at the Swiss firm’s jewellery maisons also spiked 11% for the year ended 31 March 2021, increasing its operating margin to 31%. The owner of Cartier, Van Cleef and Arpels,…
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Mar- 2021 -10 MarchManufacturers
De Beers Group reaches £396m in rough diamond sales cycle
De Beers Group has revealed its provisional value for the Cycle 2 2021 rough diamond sales for the period 22 February to 08 March 08 March 2021 to be $550m (£396m). The group also revealed its actual Cycle 1 2021 sales value between18 January and 2 February 2021 to be…
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