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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Aug- 2022 -17 AugustFeatures
The business pledges of the Conservative leadership finalists
Business Rates On 9 August, the Retail Jobs Alliance, a coalition of retailers including Morrisons, Greggs and Tesco, called on both Sunak and Truss to pledge to cut business rates which are charged on most non-domestic properties, such as shops, offices, pubs, warehouses, factories, and holiday rental homes or guest…
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17 AugustEconomy
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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16 AugustEconomy
Wages see highest fall on record amid rising inflation
Regular pay in the UK has fallen by a “record” 3% in the quarter ending June 2022, the steepest decline since records began two decades ago, as the nation continues to battle rising inflation and the cost-of-living crisis. Not accounting for inflation, growth in regular pay, excluding bonuses, would be…
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12 AugustEconomy
UK economy contracts 0.1% in second quarter
The UK economy contracted by 0.1% in the second quarter of the year (Apr to June) 2022, according to the latest estimate from the Office for National Statistics (ONS). On a monthly basis GDP is estimated to have fallen by 0.6% in June 2022, following an increase of 0.4% in…
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1 AugustAnalysis
Platinum Jubilee sales – a warning of times to come?
The Office of National Statistics (ONS) most recent data revealed that retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite bank holiday weekends and the hope that the Queen’s Platinum Jubilee would boost sales. Many retailers may have expected to have received…
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Jul- 2022 -22 JulyEconomy
Retail sales fall in June despite Platinum Jubilee celebrations
Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum Jubilee boost, according to data from the Office of National Statistics (ONS). The data, which covers 29 May to 2 July 2022, revealed that sales volumes were 2.2% above its…
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20 JulyEconomy
Inflation hits 40-year high at 9.4%
Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May, as the cost of living crisis continues to accelerate, putting a further strain on household spending. According to the Office for National Statistics, the biggest contributors to the latest figure…
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18 JulyHigh Street
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard. However, high streets in coastal towns have seen a surge of footfall, rising by 9.0%. The largest drop was seen in greater London, which was down -13% across high streets…
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Jun- 2022 -24 JuneEconomy
Retail sales fall as consumers cut household spending
Retail sales volumes fell by 0.5% in May 2022 according to the latest figures from the Office for National Statistics (ONS), as consumers started to cut back on household spendign amid the cost of living crisis. According to the ONS, customers have reportedly begun switching away from purchasing household goods…
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14 JuneEconomy
UK unemployment rate hits almost 50-year low
The UK unemployment rate is close to a 50-year low point, having dropped by 0.2% to 3.8% for February to April 2022, and those unemployed for up to six months increased over this three-month period, marking the largest increase since late 2020. According to the Office for National Statistics, the…
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