Leading south-west jewellery retailer Michael Spiers says that Britain’s decision to leave the EU has not dented sales in its stores despite fears that the vote could see consumer spending curtailed.
Keith White, managing director of the luxury jeweller, said the business had seen no untoward changes in buying behaviour since the June referendum.
Referring to its Plymouth store – one of four showrooms that it operates in the south-west region – White said that sales were as strong as ever.
“Looking at the future, I’m very optimistic about post-Brexit and the retail environment, and noticed no changes in people’s spending power other than seasonal weather patterns,” Mr White told the Plymouth Herald.
“I think the UK will have a bright future out of the EU, and the ever-changing retail sector is very exciting at the moment.”
The retailer’s confidence is supported by figures from the Office for National Statistics, which revealed that UK sales rose by 1.4% in July following a 0.9% drop the month before.
Mr White joined the family firm in 1966, and described himself as being in the “happy occasions business”. Despite reaching the age of 76 he said he has no intentions of retiring.
“High streets are changing and more people than ever are buying online,” he told the paper. “We pride ourselves in the personal services we provide at our four stores with a team of 60 staff. We have invested over £2m in refitting our shops, and personal service is the key, and some of the bigger retailers need to get back to basics with customer service delivery.”