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.
-
Apr- 2023 -20 AprilNews
Retailers urge government for recycling reform
Retailers are calling on the government to urgently rethink its proposed recycling reforms due to concerns that the Extended Producer Responsibility (EPR) scheme is fundamentally flawed. Without significant investment in recycling infrastructure in Britain, households in the UK could be footing the bill for EPR without any meaningful improvements to…
Read More » -
13 AprilHigh Street
BRC calls for business rates freeze amid Labour’s high street rescue plan
The British Retail Consortium has responded to Labour’s five-point plan to revitalise high streets by calling for a permanent freeze on business rates. Leader Sir Keir Starmer revealed the party’s high streets policy during a local election campaign visit to Great Yarmouth and said that the Labour government would “boost…
Read More » -
11 AprilHigh Street
UK retail sales jump 5.1% in March
Total retail sales in the UK were up 5.1% in March according to data from the British Retail Consortium and KPMG. This is above the three-month average growth of 4.8% and the 12-month average growth of 2.6% for the five weeks between 26 February and 1 April. Like-for-like retail sales…
Read More » -
Mar- 2023 -28 MarchEconomy
Shop price inflation grows to 8.9% in March
The British Retail Consortium found that for the first seven days of March annual shop price inflation increased to 8.9% from 8.4% in February. This is above the 3-month average rate of 8.4%, bringing shop price growth to a new high. Meanwhile, non-food inflation accelerated to 5.9% in March, up…
Read More » -
20 MarchAnalysis
Private equity is changing supermarkets
After being dethroned as one of the Big Four supermarkets by Aldi in late 2022, Morrison’s most recent blow came in the shape of £1.5bn worth of losses one year after being acquired by Clayton, Dubilier and Rice (CD&R) in October 2021 for £7bn with a debt-led takeover. Morrisons, which…
Read More » -
15 MarchShopping Centres
Liverpool One hails sales performance
Grosvenor has revealed that Liverpool One has “bucked national trends” since the start of 2023, with a 16.5% uplift in sales compared with the same period in 2022. The year-on-year rise outperforms the national picture, with an average increase of 5.2% in sales being recorded across the country according to…
Read More » -
7 MarchEconomy
UK sales receive Valentine’s Day boost despite inflation
February retail sales have benefited from Valentine’s Day but numbers remain low compared to last year, according to the latest British Retail Consortium (BRC) survey. The analysis, which was monitored by BRC and the consultancy KPMG, shows that UK total retail sales increased by 5.2% in February, against an increase…
Read More » -
2 MarchEconomy
Shop Price inflation hits 8.4% in February
Shop price inflation reached a record high in February amid warnings that consumers are unlikely to see prices dropping again for months, according to the latest figures from the British Retail Consortium (BRC). Shop Price annual inflation accelerated to 8.4% in February, up from 8.0% in January and well above…
Read More » -
Feb- 2023 -7 FebruaryEconomy
Jan retail sales rise 4.2% but fall YOY
Total retail sales in the UK rose 4.2% in January, a marked drop off when compared with the same period in 2022 when sales rose 11.9%, according to the latest data from the BRC-KPMG retail sales monitor. The 4.2% increase is below the three month rolling average of 5.2% but…
Read More » -
6 FebruaryEconomy
Trade bodies urge Govt to reform ‘broken’ apprenticeship levy
Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the “broken” apprenticeship levy system, as so far, £3.5bn has reportedly expired before businesses could make use of it. This call on the government comes as businesses were also unable to meet…
Read More »
