British Retail Consortium
This coverage focuses on the British Retail Consortium’s role, initiatives, and influence within the UK retail industry. Reporting includes policy advocacy, industry reports, regulatory developments, public statements, and leadership actions that shape the sector. With a focus on commercial implications and operational challenges, it provides valuable context for retail executives and managers navigating industry-wide issues and strategic decisions.
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Jul- 2024 -9 JulyHigh Street
Cold weather chills consumer spending in June
UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023, as cold weather negatively affected spending particularly on “weather sensitive categories”. The latest figures from BRC’s and KPMG’s retail sales monitor revealed that food sales increased 1.1% year-on-year over the…
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5 JulyNews
Today’s news in brief-5/7/24
The British Retail Consortium (BRC) has urged Keir Starmer and the Labour Party to swiftly address their campaign promises after their overwhelming victory in the general election, securing over 400 seats with a majority of around 170. The Confederation of British Industry (CBI) congratulated Starmer, stressing the importance of delivering…
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5 JulyGovernment
Time for Starmer to ‘get down to business’, says BRC
The British Retail Consortium (BRC) has stated that it is time for Keir Starmer and the Labour Party to “get down to business” after he emerged victorious in the general election. BRC chair Helen Dickinson stated that the organisation now awaits details of how Starmer will take his promises forward.…
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5 JulyHigh Street
Taylor Swift and Euros boost footfall amid damp June
Taylor Swift’s UK tour and the Euros helped strengthen footfall during a very wet June as total UK footfall decreased by 2.3% in June (YoY), up from -3.6% in May, according to the latest figures from the British Retail Consortium (BRC). On a segment basis, high street footfall decreased by…
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2 JulyNews
Today’s news in brief-2/7/24
Shop price inflation in the UK saw a significant slowdown in June, dropping to 0.2% from 0.6% in May, marking the lowest rate since October 2021. This decline was driven by a 1% decrease in non-food prices and a deceleration in food inflation to 2.5%. Helen Dickinson of the BRC…
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2 JulyEconomy
Shop price inflation eases to 0.2% in June
Shop price annual inflation eased to 0.2% in June, down from 0.6% in May, the lowest rate of price growth since October 2021. According to the BRC and NielsenIQ shop price index, this figure is below the 3-month average rate of 0.5%. Non-food fell 1% in June, down from 0.8%…
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Jun- 2024 -27 JuneAdvice
How to make the most out of random uplifts in footfall
Heightened footfall in any given month is mostly random, and even when you can anticipate it – if there’s a big event going on or if it’s a public holiday – something is bound to make the footfall on those days either lacklustre or bountiful, such as the weather. The…
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19 JuneEconomy
Inflation hits 2% target for first time in three years
UK inflation has hit its target for the first time in almost three years, as consumer price inflation eased to 2% in the year to May, down from a rise of 2.3% the prior month. The Bank of England last hit the 2% target in July 2021. According to the Office…
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14 JuneNews
Today’s news in brief-14/6/24
The British Retail Consortium (BRC) has expressed support for the Labour Party’s manifesto, which aims to bring significant changes to benefit retailers and their customers. The BRC particularly appreciates Labour’s recognition of the flawed business rates system that stifles investment and results in numerous vacant retail properties. However, retailers are…
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14 JuneGovernment
BRC welcomes Labour manifesto
The BRC has welcomed Labour’s manifesto, saying it includes “many of the right policies” to help retail invest in the future, upskill its workforce, and play its part in growing the economy. If elected, Labour has promised to make changes that will have a “meaningful” impact to retailers and their…
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