Sparkling year for jewellery retailer as turnover tops £77m

Leeds-headquartered luxury jeweller, Berry’s Jewellers, has registered another healthy performance in its latest financial results for the year ending June 2023.

For the third year in a row, the group has seen an increase in turnover – topping £77m in the year to 30 June 2023.

Gross profit also increased by 8% from £26.6m to £28.7m, of which a significant sum has been invested back into the business, with the group opening three new stores in 2023 in York, Leeds and Nottingham.

The group’s directors say they anticipate a challenging retail environment in the next accounting period.

But the business is continuing to invest in its portfolio of stores with a new opening planned for spring 2024 in Leeds.

Simon Walton, managing director, said: “We are absolutely delighted with our performance to year end June 2023. We are especially pleased given the difficult economic climate, cost of living crisis and the removal of the VAT Retail Export Scheme for overseas visitors.

“For us, it shows the strength of the Berry’s brand and the loyalty of our wonderful client base locally and across the country.

“We have invested significantly in expanding our portfolio in recent years, with the successful openings of the Omega boutique in Nottingham, a Berry’s Jewellery and Patek Philippe store in York and a Vacheron Constatin boutique in Leeds.

“Looking to the future, we have exciting plans for 2024 with a new shop opening in Leeds this month as well as a reconfiguration of our portfolio of stores across the city and beyond.

“Despite the struggles of the wider high street, Berry’s are continuing to invest in our stores and teams to provide the same wonderful experience we’re known for.”