Lisa Berwin is deputy news editor of Retail Week
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H&T profits soar as retail sales riseSubscription
Pawnbroker H&T said that pre-tax profits soared 70.6% in the six months to June 30 with retail sales up 22% for the period to £8.6m.
Aurum, the owner of Mappin & Webb , Watches of Switzerland and Goldsmiths has reported full year operating profits grew to £6.5m in the year to January 31, up from £3.1m the year before.
UK households £6 a week worse off than last yearSubscription
The average UK household was 3.8% worse off in February than a year ago as weaker earnings and inflationary pressures hit discretionary income.
Airport retail sales soar on weak poundSubscription
Duty-free shopping and the weakened pound drove sales at London’s airports to their highest levels for a decade last year.
Online retail sales growth slowed to its lowest-ever level in January, up just 5% like-for-like to £4.3bn.
Jewellery specialist Beaverbrooks has cut back on spending after pre-tax profits fell from £4.6m to £200,000 last year.
Jewellery retailer Links of London claims it is set to reach sales of £80m by the end of the calendar year, with year-on-year growth of over 30%.
Total sales for the UK arm of jewellery giant Signet fell 4.75% on a reported basis to $154.4m (£93.1m) for the 13 weeks to September 31.