{"id":629954,"date":"2026-09-28T10:48:15","date_gmt":"2026-09-28T10:48:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/629954\/"},"modified":"2026-09-28T10:48:15","modified_gmt":"2026-09-28T10:48:15","slug":"boss-of-beaverbrooks-urges-government-to-give-businesses-a-bit-of-a-break-retail-industry","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/629954\/","title":{"rendered":"Boss of Beaverbrooks urges government to give businesses \u2018a bit of a break\u2019 | Retail industry"},"content":{"rendered":"<p class=\"dcr-1s160rg\">The boss of the family-owned jeweller Beaverbrooks has called on the government to give business \u201ca bit of a break\u201d by halting cost increases amid flat sales and falling profits.<\/p>\n<p class=\"dcr-1s160rg\">The retailer, founded in 1919, revealed a 9% fall in underlying operating profit to \u00a37.8m last year after an increase in employer national insurance contributions (NICs) and the legal minimum wage <a href=\"https:\/\/www.theguardian.com\/uk-news\/2024\/oct\/30\/autumn-budget-2024-rachel-reeves-tax-rises-public-services\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">introduced by the former chancellor Rachel Reeves<\/a>.<\/p>\n<p class=\"dcr-1s160rg\">Anna Blackburn, the managing director of Beaverbrooks, said she was positive about the performance against the backdrop of a challenging retail market: \u201cEverything we hear in the jewellery industry [suggests] this is a pretty strong performance,\u201d she said.<\/p>\n<p class=\"dcr-1s160rg\">Total sales slipped 0.1% to \u00a3217m at the group, which operates 56 Beaverbrooks and four Loupe stores as well as 22 outlets for specific brands including watchmakers Omega, Breitling, Tudor and TAG Heuer.<\/p>\n<p class=\"dcr-1s160rg\">Blackburn said she wanted to see the government help boost consumer confidence and provide stability by tackling unemployment and inflation and not adding new taxes in next month\u2019s budget as retailers prepare for Christmas.<\/p>\n<p class=\"dcr-1s160rg\">She said: \u201c[The government] can\u2019t increase business costs much more. Give business a bit of a break and stimulate some growth and confidence. A long-term, joined-up strategy is critical.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Blackburn said Beaverbrooks was outperforming its rivals in tough conditions as it continued to invest in its stores and staff, modernising its online operation and developing new products.<\/p>\n<p class=\"dcr-1s160rg\">\u201cOur business has remained strong for 107 years because we believe in the high street and the importance of exceptional products and customer service.\u201d<\/p>\n<p class=\"dcr-1s160rg\">The group has just opened its fourth Loupe watch boutique, in Sheffield, and is investing in revamping its outlets in Manchester\u2019s Trafford Centre and Lakeside in Essex in the year ahead.<\/p>\n<p class=\"dcr-1s160rg\">Blackburn\u2019s comments come after the <a href=\"https:\/\/www.theguardian.com\/business\/2026\/aug\/10\/john-lewis-managing-director-peter-ruis-quits-job\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">since-departed boss of the John Lewis department store<\/a> chain, Peter Ruis, said the chancellor\u2019s budget would come at a \u201ccritical period\u201d for retailers and he <a href=\"https:\/\/www.theguardian.com\/business\/2026\/sep\/03\/john-lewis-youtube-chat-show-angela-scanlon\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">wanted to see more help on business rates<\/a>.<\/p>\n<p><a data-ignore=\"global-link-styling\" href=\"#EmailSignup-skip-link-10\" class=\"dcr-76akua\">skip past newsletter promotion<\/a>Free newsletter |Every weekday<\/p>\n<p class=\"dcr-vf9hps\">Sign up to Business Today<\/p>\n<p class=\"dcr-djbwnz\">Get set for the working day \u2013 we&#8217;ll point you to all the business news and analysis you need every morning<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/09\/1790592495_109_500.jpg\" alt=\"\" loading=\"lazy\" decoding=\"async\" class=\"dcr-gx9601\"\/><\/p>\n<p id=\"EmailSignup-skip-link-10\" tabindex=\"0\" aria-label=\"after newsletter promotion\" role=\"note\" class=\"dcr-76akua\">after newsletter promotion<\/p>\n<p class=\"dcr-1s160rg\">The boss of fellow retailer JD Sports has also said Reeves\u2019s move to increase employer NICs at the same time as a chunky rise in the legal minimum wage had been \u201creally a wrong movement\u201d and pushed retailers to use more technology and hire fewer young people.<\/p>\n<p class=\"dcr-1s160rg\">The government faces a tricky budget as the high price of oil and government borrowing put the squeeze on its finances \u2013 and on household bills.<\/p>\n<p class=\"dcr-1s160rg\">The chancellor, John Healey, is reportedly considering shifting more green subsidies from energy bills into general taxation, examining fuel duty and targeting help at the poorest households.<\/p>\n","protected":false},"excerpt":{"rendered":"The boss of the family-owned jeweller Beaverbrooks has called on the government to give business \u201ca bit of&hellip;\n","protected":false},"author":2,"featured_media":629955,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":["post-629954","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/629954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=629954"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/629954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/629955"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=629954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=629954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=629954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}