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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Aug- 2020 -17 AugustE-Commerce
Online sales witness 10% decline in July
Online retail sales witnessed a “sharp decline” of 10% in July, according to the latest figures from IMRG’s online sales index. The data group said the decline followed a shift in consumer spending patterns as the hospitality sector reopened throughout the month. While online sales fell by 10% in the…
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12 AugustCurrent Affairs
UK in recession following 20% GDP slump
The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the second quarter of the year. According to the Office for National Statistics, GDP slumped by 20.4% between April and June 2020, compared with the 2.2% drop seen during Q1 2020…
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11 AugustCoronavirus
Retail sales rise for second month in a row
Total sales increased by 3.2% in July, against an increase of 0.5% in July 2019, marking the second consecutive month of growth since the start of the pandemic. According to the latest BRC-KPMG retail sales monitor, UK retail sales increased by 4.3% in the month against the year prior, following…
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Jul- 2020 -30 JulyInternational
De Beers jobs at risk following poor sales
De Beers has announced that total revenue plummeted 54% to $1.2bn (£920m) in its half-year results, with rough diamond sales falling to $1bn (£767m), down from the $2.3bn (£1.76bn) reported the year prior. In light of the damaged performance, CEO Bruce Cleaver told Reuters that the group would “likely” proceed…
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24 JulyCoronavirus
Retail sales boosted in June
The volume of retail sales rose by 13.9% in June against May figures, as non-food and fuel stores continued their recovery in the wake of the pandemic. According to the latest figures from the ONS, the two monthly increases of retail sales in May and June have brought total sales…
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14 JulyEconomy
June retail sales show signs of recovery
Retail sales increased by 3.4% in June, against a decrease of 1.6% in June 2019, marking the first signs of growth registered since the UK lockdown began. This is according to the latest BRC–KPMG retail sales monitor, which found that the increase in retail sales to be above the three-month average decline of…
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13 JulyFeatures
Why D2C strategies hold the key to retail’s future
As UK retail stores reopen, questions remain about whether ‘normal’ service will be resumed. With many store closures since March, the pandemic has encouraged a deep introspection on how consumer expectations, purchasing patterns and priorities are speeding up a shift to online-first, direct-to-consumer (D2C) retail strategies. In April, the UK’s…
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10 JulyCoronavirus
Online retail sales continue to boom despite reopenings
Even as the high street came out of hibernation last month, June’s online retail sales spiked to a 12-year high of +33.9% YoY, according to IMRG Capgemini’s Online Retail Index. It revealed that last month’s acceleration in online sales was underpinned by the “continued success” of almost every category. Electrical…
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Jun- 2020 -29 JuneCoronavirus
Guide for ‘considerate shopping’ launched by Usdaw, SRC and the Scottish government
Shopworkers union Usdaw and the Scottish Retail Consortium (SRC), along with the Scottish government have partnered to launch a five-step guide to encourage “considerate shopping”, as retailers are permitted to re-open their stores from today (29 June). The trade unions said the reopening of non-essential shops marks a “crucial time”…
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12 JuneFeatures
Tectonic shifts: Covid-19 will accelerate changes in the jewellery industry
The coronavirus pandemic has disrupted the world and businesses are searching for future trends and strategies in a post-COVID-19 world. For platinum jewellery, the drivers of business growth in 2019 have been thrown into even bolder relief by the pandemic, and point the way to a post-Covid 19 recovery. Digital…
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