Office

NWEC calls for return to tax-free shopping as tourist spending gap widens

The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number…

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Retail sales jump 3.4% giving optimism despite recession

Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the…

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Inflation remains steady at 4%

Inflation remained unchanged at 4% in January, despite forecasters expecting a slight rise as falling food prices offset an increase…

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Wet weather sees footfall slump 5.2%

Heavy rain and snow across some parts of the UK saw footfall drop 5.2% across all retail destinations when compared…

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Today’s news in brief-5/2/24

Authentic Brands, the owner of Ted Baker, is reportedly exploring cost-saving options after terminating its relationship with AARC, the company…

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Jeremy Hunt to review tourist tax ahead of Budget

Chancellor Jeremy Hunt has reportedly asked the Office for Budget Responsibility to look at whether the scrapping of VAT-free shopping…

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M Core acquires Princes Square in Glasgow

Commercial property and investment collective, M Core, has announced its acquisition of the Princes Square retail development in Glasgow city…

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Freemans sales jump 5% during Christmas

Freemans, the digital department store, announced today (30 January) a strong Christmas trading with continued growth. Sales figures for the…

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Retail theft hits highest rate in 20 years

Data from the Office for National Statistics shows that there were over 400,000 incidents of shoplifting in the year to…

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Storm Isha dampens early week footfall

Battering winds from Storm Isha hit retail over Sunday and Monday with footfall across all UK retail destinations down -4.6%…

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