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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Nov- 2023 -23 NovemberNews
Today’s news in brief-23/11/23
The British Retail Consortium (BRC) has criticised the chancellor, accusing him of neglecting larger businesses in his Autumn Statement. While the business rates multiplier for small businesses was frozen, larger ones received no relief. The decision to increase the business rates standard multiplier has drawn sharp criticism, with BRC’s CEO,…
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23 NovemberGovernment
BRC accuses Hunt of ‘selling out’ retailers and customers
The British Retail Consortium (BRC) has accused the chancellor of selling out retailers and customers in his Autumn Statement delivered yesterday (22 November). In the budget Hunt froze the business rates multiplier for small businesses but offered nothing to larger ones. He also increased the National Living Wage to £11.44…
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8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
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8 NovemberGovernment
BRC welcomes government pledge to bring down inflation
The British Retail Consortium (BRC) has welcomed the government’s pledge to bring down inflation as outlined in the King’s Speech yesterday (7 November). However, the body has criticised the decision to omit retail crime from its pledge for future crime legislation. As part of his speech the King announced that…
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7 NovemberNews
October retail sales slow as consumers delay Christmas spending
Total UK retail sales increased by 2.5% in October, against a growth of 1.6% in October 2022 as consumers delay their Christmas spending in the hopes they can grab a bargain in the upcoming Black Friday sales, according to the BRC-KPMG Retail Sales Monitor. The total sales growth was below…
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Oct- 2023 -31 OctoberNews
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September, marking the lowest rate since August 2022. Non-food inflation also declined to 3.4%, the lowest since September 2022. Food inflation decelerated to 8.8%, and fresh food inflation decreased to 8.3%,…
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31 OctoberEconomy
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since August 2022, according to data from the British Retail Consortium (BRC). As a result the BRC has called upon the chancellor not to burden businesses with “unnecessary new costs” to…
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24 OctoberNews
Retailers raise over £500m for good causes throughout the year, BRC finds
A new report by the British Retail Consortium (BRC) has found that retailers and their customers raised £540m for good causes in the last financial year. The report – Supporting Charities, Communities and Customers – provides an analysis of UK retailers’ charitable giving for the first time. It also finds…
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20 OctoberNews
Retail sales drop in September as demand for household goods wanes
Retail sales have fallen by 0.9% in September, following a rise of 0.4% in August 2023, according to the new figures from the ONS. Looking at the quarterly picture, sales volumes fell by 0.8% in the three months to September 2023 when compared with the previous three months. Non-food stores…
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11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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