Office
This coverage examines Office’s strategy, operations, and role within the UK footwear retail sector. Reporting highlights store performance, online initiatives, product trends, marketing campaigns, financial results, and leadership decisions. Focused on commercial outcomes and brand positioning, it offers insights for retail professionals managing footwear, fashion, and multi-channel retail businesses.
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May- 2024 -22 MayClothing & Shoes
Inflation falls to 2.3% in April
Inflation has fallen to its lowest level in almost three years to 2.3% in April, down from 3.2% in March, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in…
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10 MayNews
Today’s news in brief-10/5/24
The UK economy has emerged from recession with a growth of 0.6% in the first quarter of 2024, surpassing economist expectations. This growth was primarily driven by consumer-facing services, which expanded by 0.6% after a decline in the previous quarter. Notably, retail trade played a significant role in this recovery,…
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10 MayEconomy
UK economy exits recession as GDP jumps 0.6% in Q1
The UK economy is no longer in recession after it grew by 0.6% between January and March this year, according to official figures from the Office for National Statistics (ONS). The performance beat economist expectations of 0.4% growth. A recession, which is defined as two consecutive three-month periods where the…
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10 MayHigh Street
WHSmith reveals 17 new Toys R Us locations
WHSmith has announced that it will open 17 Toys R Us shops over the summer months across the UK. The retailer is set to open a further 30 shop-in-shops before Christmas after the launch of nine Toys R Us concessions a year ago. The 17 locations opening in the summer…
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9 MayLuxury Goods
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to reports from The Times. Keith claimed that the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists. Selfridges Retail saw a 29% increase…
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2 MayNews
Retail bosses lose confidence in tax-free shopping return
Retail bosses have reportedly warned the government that the decision not to restore tax-free shopping for international tourists will have a knock-on effect on other industries, according to The Times. Janine Constantin-Russell, boss of the outlet shopping centre at the O2 Arena, has accused the government of not paying attention…
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Apr- 2024 -26 AprilNews
Today’s news in brief-26/4/24
The Office for National Statistics (ONS) has reported a significant rise in shoplifting offences in England and Wales, reaching over 430,000 cases for the year ending December 2023—an increase of more than a third compared to the previous year. This marks the highest level in two decades. The ONS suggests…
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26 AprilNews
Shoplifting hits record high in England and Wales
The number of shoplifting offences in England and Wales has reached its highest point in 20 years, according to new data from the Office for National Statistics. The number of shoplifting offences reached more than 430,000 for the 12 months ended December 2023, an increase of more than a third…
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19 AprilNews
Today’s news in brief-19/4/24
Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials in Exeter, Luton, and Plymouth, the company is reintroducing its free click and collect option. Customers can now access this service from reopened stores and over 200 collection points through…
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17 AprilEconomy
Inflation falls to lowest level since 2021
Inflation slowed to 3.2% in March, down from 3.4% the prior month, as inflation fell to its lowest annual rate since September 2021. According to the Office for National Statistics, food prices were the main reason for the fall, with prices across most categories rising by less against last year. However,…
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