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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Aug- 2023 -29 AugustNews
Shop price annual inflation slows to 6.9% in August
Shop price annual inflation decelerated further to 6.9% in August, down from 7.6% in July, the BRC has said. The figure, which is below the 3-month average rate of 7.7%, is at its lowest since October 2022. Non-food inflation remained unchanged at 4.7% in August, which is below the 3-month…
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22 AugustHealth & Beauty
Superdrug calls for apprenticeship levy reform amid new campaign
The boss of Superdrug has called for a reform of the government’s apprenticeship levy, claiming it would help promote social mobility and support the economy, according to The Times. CEO Peter Macnab called for an overhaul of the apprenticeship levy funding system so that “valuable funds are no longer wasted”.…
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22 AugustGovernment
Bottle recycling scheme to cost at least £1.8bn a year, warns BRC
The British Retail Consortium (BRC) has warned that government plans to introduce a bottle recycling scheme could cost the industry £1.8bn a year from 2025. The BRC also stated that this figure does not include the hundreds of millions that would be needed to set up a body to run…
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8 AugustShopping Centres
Retail sales slow in July amid heavy rain
The UK’s total retail sales increased by 1.5% in the four weeks to 29 July, against the 2.3% growth experienced in the same month last year. This was below the three-month average growth of 3.5% and the 12-month average growth of 3.9%, according to BRC data. This lacklustre growth in…
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3 AugustNews
John Lewis to train staff to deal with shoplifting violence
John Lewis is training its retail employees to tackle shoplifters following an increase in reports of the crime. In an interview with the BBC, head of security Nicki Juniper said John Lewis was “investing heavily in training” for security and shop staff. Juniper said: “Should they want to take part…
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1 AugustEconomy
Falling inflation may be halted as Russia pulls out of grain deal, BRC warns
The British Retail Consortium (BRC) has warned that falling inflation is likely to slow after Russia withdrew from the Black Sea Grain Initiative despite seeing annual shop price inflation drop to 7.6% in July. This figure is down from 8.4% in June and represents the lowest inflation figure in 2023…
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Jul- 2023 -28 JulyHigh Street
UK loses 6,000 storefronts in five years
The UK high street has lost over 6,000 storefronts in the past five years as the vacancy rate increased to 13.9% in Q2 2023, according to the latest figures from the BRC-LDC Vacancy Monitor. The Q2 performance was 0.1 percentage points worse than Q1, however it is 0.1 percentage point…
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11 JulyEconomy
UK retail sales rise 5% in June
Total retail sales in the UK were up 4.9% in June, compared with a 1% decline in June 2022, according to data from the British Retail Consortium. This 4.9% increase is above the three month rolling average of 4.6% and above the 12 month rolling average of 4%. As well…
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7 JulyHigh Street
Heatwave dampens June footfall
Footfall fell -1.9% in the five weeks from 28 May to 01 July 2023 as hot weather meant that shoppers strayed from the high street, according to BRC-Sensormatic IQ data. The fall was worse than the three-month average increase of -1.1% and comes as high street footfall increased by 0.6%…
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Jun- 2023 -27 JuneEconomy
Shop price inflation falls to 8.4% in June
Shop price inflation in the UK has fallen to 8.4% in June, down from 9% in May, according to new data from the British Retail Consortium. The inflation figure for June is also below the three month rolling average of 8.7%. The fall in inflation was led by a decrease…
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