Store Closures
Store closures in the jewellery sector are a significant indicator of market shifts, economic pressures, and changing consumer behaviour across the UK. Whether driven by rising rents, declining footfall, strategic consolidation, or the rise of e‑commerce, shop closures impact supply chains, retail footprints, workforce dynamics, and brand reputation. Jewellery Focus delivers detailed, trade-focused coverage on this topic—analysing closure patterns by location, reasons behind them, impacts on stock redistribution and staff redeployment, and responses such as pop‑up models or digital pivots. Our reporting provides retailers, brand managers, landlords, and suppliers with insights needed to interpret market signals, adapt commercial strategies, and seize opportunities from evolving retail landscapes.
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Mar- 2025 -5 MarchRetailers
Beaverbrooks to close seven of its stores
Beaverbrooks has announced the closing of seven of its stores as the group stated that they are “no longer commercially viable”. The stores located in Birmingham Fort, Croydon, Dundee, East Kilbride, High Wycombe, Huddersfield and Sutton Coldfield will cease operations across March and April. The jewellery group aims to retain…
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Oct- 2022 -28 OctoberRetailers
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and 0.6% better than the same period last year, according to the latest monitor from the BRC and Local Data Company. This was the fourth consecutive quarter of falling vacancy rates.…
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Aug- 2022 -30 AugustRetailers
Store closures drop to lowest rate in seven years
Store closures have stabilised to the lowest rate in over seven years, with 6,146 store closures in H1 2022 (-30%) year-on-year from multiple retail operators, compared to 3,888 openings (+11%). According to PwC’s latest Store Openings and Closures report for H1 2022, there were 34 closures, 21 openings, and a…
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Feb- 2022 -23 FebruaryRetailers
New report indicates extent of high street challenge, says Bira
A report released by PwC about a study on how the high street is fairing shows how “challenging the high street continues to be”, according to The British Independent Retailers Association (Bira). The report, released this week, highlighted how store closures for chains and multiples slowed versus the last two…
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Nov- 2021 -9 NovemberRetailers
Beaverbrooks profits remain resilient
Family-owned national jewellery retailer, Beaverbrooks, has announced its group turnover for the financial year 2020/2021 was £123.1m, down only 14% from £143.2m against 2019/20 levels which was the brand’s most profitable year of its 102-year history. Following “significant investments”, Beaverbrooks ended the financial year with a group operating profit of…
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Sep- 2021 -21 SeptemberTrade Organisations
Four in five shops to shut without business rates reform, says BRC
Some 83% of retailers would reportedly be forced to close shops without the introduction of a business rates reform as a part of the Government’s upcoming review. According to research conducted by the British Retail Consortium (BRC), 85% of those retailers surveyed recognised business rates as either an “extremely” or…
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Jun- 2021 -30 JuneRetailers
Berry’s FY20 turnover hits £34.6m
Berry’s Jewellers, the trading name of Berens and Company, saw turnover increase 3.3% year-on-year to £34.6m for FY20. The group’s operating profit also grew in the year ended 30 June 2020, rising from £4.1m in FY19 to £4.2m the following year. Net cash at the jewellery and Swiss watches provider…
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Feb- 2021 -4 FebruaryRetailers
‘Robust’ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to £272.6m despite the ongoing pandemic. This was bolstered by a “robust” e-commerce performance in the UK, which offset continued store closures throughout the period. UK…
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Jan- 2021 -14 JanuaryRetailers
Signet welcomes ‘strong’ holiday trading
Signet Jewelers has reported a period of strong trading over the holiday season, with total sales reaching $1.8bn (£1.3bn), flat to last year, in the nine weeks ended 2 January 2021. In the same period, same store sales improved 5.6% year over year. Meanwhile, e-commerce sales soared by 60.8% against…
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Sep- 2020 -4 SeptemberRetailers
Signet Jewellers swings to loss in Q2
Signet Jewellers, the parent company of H.Samuel and Ernest Jones, swung to a loss of $81.7m (£62m) in its second quarter of trading, down from a loss of $36.1 (£27.4m) the year before. Total sales also fell by 34.9% to $888m (£623m) in the quarter ended August 1, 2020. Meanwhile,…
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