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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Feb- 2023 -1 FebruaryEconomy
Shop price inflation hits record levels
Shop price annual inflation increased to a record high of 8.0% in January up from 7.3% in December, according to data from BRC NielsenIQ shop price index. This figure of 8% is above the three month rolling rate of 7.5%. Food inflation accelerated to 13.8% in January, up from 13.3%…
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Jan- 2023 -27 JanuaryHigh Street
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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10 JanuaryEconomy
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior increase of 2.1% in December 2021. These figures are said to be above both the three-month average growth of 4.4% and the 12-month average growth of 3.1%. Meanwhile, the UK’s…
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4 JanuaryEconomy
Food inflation hits record high of 13.3%
ood inflation accelerated to the highest inflation rate in the category on record, after jumping to 13.3% in December, up from 12.4% in November and above the three-month average rate of 12.5%, according to the latest figures from BRC and Nielsen. Fresh Food inflation accelerated in December to 15.0%, up…
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3 JanuaryHigh Street
Low retail sales growth expected in 2023, says BRC
Retail sales are estimated to grow between 2.3% to 3.5% in 2023, according to new analysis by the British Retail Consortium. The past year has been characterised by low retail sales growth which has remained below current inflation, suggesting volumes were down compared to 2021. The trend is expected to…
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Dec- 2022 -20 DecemberHigh Street
Shop prices surge to record highs
Shop Price annual inflation accelerated to 6.6% in October, up from 5.7% in September, according to the latest BRC and Nielsen tracker. This is above the three-month average rate of 5.5%, marking another record for shop price inflation since this index started in 2005. Food inflation accelerated strongly to 11.6%…
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Nov- 2022 -30 NovemberNews
‘Bleak’ winter ahead as shop price inflation hits 7.4%, says BRC
The BRC has warned of a “bleak” winter ahead after shop price annual inflation accelerated to 7.4% in November, up from 6.6% in October. This 7.4% is above the three-month average rate of 6.5% and marks another record for shop price inflation since the index started in 2005. Food inflation…
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18 NovemberEconomy
Retail reacts: Gov has taken ‘first step to longer term reform’
The retail industry has welcomed chancellor Jeremy Hunt’s Autumn budget announcement, with the BRC saying it shows “the government has heard the concerns of retail”, despite the CBI adding it believes “businesses will think there’s more to be done on growth”. Jeremy Hunt unveiled his Autumn budget on November 17,…
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8 NovemberNews
Retail sales recovery slows in October
The recovery of retail sales slowed in October, as on a total basis, retail sales increased by 1.6%, against an increase of 1.3% in the same month last year. This is also below the three-month average of 1.7% and the 12-month average growth of 2.7%, according to the British Retail…
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Oct- 2022 -28 OctoberHigh Street
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and 0.6% better than the same period last year, according to the latest monitor from the BRC and Local Data Company. This was the fourth consecutive quarter of falling vacancy rates.…
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