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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Mar- 2024 -7 MarchEconomy
Budget will ‘do nothing to turbocharge investment’, says BRC
The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth in communities”. This comes after Chancellor Jeremy Hunt revealed his Spring Budget without many big giveaways for retail businesses. Hunt resisted calls from business leaders to reduce business rates, reintroduce…
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5 MarchNews
Today’s news in brief-5/3/24
According to the British Retail Consortium (BRC), total retail sales rose by 1.1% in February year-on-year, attributed partly to February being the wettest on record. While food sales increased by 6%, non-food sales decreased by 2.5%, both below previous averages. In-store and online non-food sales also experienced declines. Despite positive…
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5 MarchEconomy
Retail sales underperform in February
UK total retail sales rose by 1.1% year-on-year during the four-week period ended 24 February, against a growth of 5.2% last year and below the three-month average growth of 1.4%, according to the BRC. The BRC has attributed the poor retail sales to February 2024 being “the wettest on record”. …
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Feb- 2024 -29 FebruaryHigh Street
Central Co-op calls on gov to address ‘alarming rise’ in retail crime
Central Co-op is encouraging its members and customers to write to their local MPs and advocate for legislative reform that will help to criminalise assaults on shopworkers. It comes as the British Retail Consortium (BRC) recently reported that incidents of violence and abuse in retail environments have increased to over…
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28 FebruaryClothing & Shoes
N Brown receives SBT approval
N Brown Group has announced that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (‘SBTi’). By 2030, the group has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46% from a 2021 base…
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27 FebruaryNews
Today’s news in brief-27/2/24
Shop price inflation reached its lowest level since March 2022, dropping to 2.5% in February, according to new figures from the British Retail Consortium (BRC). This decline was attributed to easing input costs for energy and fertilisers, resulting in lower food prices. However, non-food inflation remained stable, with clothing prices…
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27 FebruaryNews
Shop price inflation drops to 2.5% in February
Shop price annual inflation eased to 2.5% in February, down from 2.9% in January, new figures from the BRC have revealed. The analysis shows that February’s figures are below the three-month average rate of 3.3% and that shop price annual growth is its lowest since March 2022. Non-food inflation was…
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14 FebruaryNews
Today’s news in brief-14/2/24
The British Retail Consortium (BRC) reported a disturbing surge in violence and abuse against retail workers, with incidents increasing by nearly 50% to 1,300 per day in 2022/23 compared to the previous year. This rise occurred despite significant investments by retailers in crime prevention measures such as CCTV and security…
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14 FebruaryGovernment
Abuse of retail workers almost doubles to 1,300 incidents a day
Violence and abuse against retail workers jumped almost 50% as the number of incidents rose to 1,300 per day in 2022/23 from almost 870 per day the year before, according to data from the British Retail Consortium. This rise comes despite retailers investing heavily in crime prevention, spending £1.2bn on…
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6 FebruaryEconomy
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with a growth of 4.2% in January 2023, according to data from the British Retail Consortium (BRC). This was above the three-month average growth of 1.9% and below the 12-month average…
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