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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Feb- 2023 -17 FebruaryNews
UK retail sales unexpectedly rise due to January discounts
Retail sales volumes in the UK are estimated to have increased by 0.5% in January 2023, according to data from the Office for National Statistics (ONS). Price rises and the cost of living crisis had seen retail sales drop 1.2% in December 2022 but post-Christmas discounts and increased fuel sales…
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15 FebruaryEconomy
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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14 FebruaryHigh Street
Footfall surges 9% amid city centre recovery
Footfall across all UK retail destinations surged +9.1% annually, with a week-on-week footfall boost of +1.6% as office workers returned to city centres, according to the latest figures from Springboard. It found that consumers returned to UK high streets after train strikes the week previous, as Footfall at MRI Springboard’s…
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10 FebruaryEconomy
UK narrowly avoids recession as economy flatlines in Q4
The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was no growth in the fourth quarter from Oct to Dec 2022. It comes as monthly estimates show that GDP fell by 0.5% in December 2022, following an unrevised growth of…
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Jan- 2023 -31 JanuarySupermarkets
Tesco to shake-up management and close counters, 2,100 jobs at risk
Tesco has announced a shake-up of its management structure alongside plans to shutter its remaining hot counters and delis, in a move that could place up to 2,100 jobs at risk. While the supermarket is set to introduce 1,800 new shift leader roles as part of its restructuring plan, it…
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30 JanuarySupermarkets
Asda faces strike action after plans to cut jobs and reduce pay
Asda workers are reportedly planning strike action after the supermarket unveiled plans that could place 300 roles at risk across the business, and affect the pay of over 4,000 hourly-paid workers. A union source told Sky News that GMB representatives met last week after Asda first revealed its set of…
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27 JanuarySupermarkets
Asda to cut 300 roles as 4,000 face pay cuts
Asda has unveiled a series of change proposals that could place 300 roles at risk across the business, as well as affect the pay of over 4,000 employees. As part of plans to cut costs, the supermarket is first proposing to replace overnight ambient and frozen shifts in 184 smaller…
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20 JanuaryEconomy
December retail sales fall 1% despite Christmas boost
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from the Office for National Statistics (ONS). Alongside this, sales volumes were down 1.7% compared with pre-pandemic levels in February 2020. Non-food store sales volumes also dropped 2.1% over December. ONS…
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18 JanuaryEconomy
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were offset by the rising price of food which meant the figure remained close to its previous 40-year high. The latest figures, from The Office For National Statistics (ONS), show that…
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13 JanuaryEconomy
UK economy beats expectations as it grows 0.1% in November
The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according to the latest data from the Office for National Statistics (ONS). It comes as analysts had predicted a fall of 0.3% for the month and has raised hopes that the…
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