Fashion footwear chain Office bucked the downturn over the Christmas period with like-for-like sales up 5.4% for the six weeks to January 4.
According to reports, total sales at Office were up 17% over the six week Christmas period, and Office is on target to post record profits this year.
Office chief executive Brian McCluskey said he was “delighted” with the results given the tough conditions.
However, the chain’s strong performance has been marred by reports that Office is struggling with credit insurance following the collapse of young fashion chain USC. Both Office and USC are owned by Sir Tom Hunter’s private equity firm West Coast Capital. USC was bought back by West Coast Capital after collapsing into administration over the Christmas period.
However a spokesman for Office told The Guardian newspaper today that it had no problems with credit insurance. He is reported to have said: “It’s absurd. One small credit insurer pulled out three months ago but that has had no impact on our business and all of our current credit arrangements are fine.”
Office has 63 stores and also owns the upmarket Poste business.