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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Oct- 2018 -4 OctoberHigh Street
3,200 stores ‘disappear’ from high street in four years
The number of physical shops in the UK has fallen by almost 3,200 over the past four years, down 1.2% to 263,070. According to the British Retail Consortium (BRC) the reason for the decline is down to a “transformation” of the industry, driven by changes in shopping habits, new technology,…
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3 OctoberEconomy
Shop prices rise for second month in row
Shop prices increased for two consecutive months – the first consecutive growth in five years – according to the latest British Retail Consortium and Nielsen Shop Price Index. Inflation increased by 0.2% from the previous month with food being the main driver for the hike in prices. Food showed a…
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1 OctoberHigh Street
Business rates could be changed to help retailers, says Greg Clark
Secretary of state for business Greg Clark has admitted that business rates could be changed in order to help high street retailers. Clark told a fringe event at the Conservative party conference that a change in business rates would be “one way” of recognising the role that high street retailers…
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Sep- 2018 -12 SeptemberEconomy
More than 75% of retail payments now made by card
Retail purchases made by card accounted for 76% of all retail sales made in 2017, according to the latest annual Payments Survey from the British Retail Consortium (BRC) . The trade association said this has partly been driven by UK customers increasingly using cards for lower value payments, traditionally dominated…
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10 SeptemberHigh Street
August footfall down 1.6% despite some retail park growth
Retail footfall dropped by 1.6% in August despite seeing rare retail park growth in the East and South West of the UK. The figures are according to the British Retail Consortium (BRC) and Springboard’s footfall and vacancies monitor with August seeing a sharper decline than the 0.8% experienced in July,…
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4 SeptemberHigh Street
Retail sales growth slows during August
UK retail sales growth continued to slow during August as the summer boost comes to an end, according to figures from the BRC-KPMG Retail Sales Monitor. In August, UK retail sales increased by 0.2% on a like-for-like basis compared with the same period the previous year. On a total basis,…
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Aug- 2018 -30 AugustEconomy
Hot September could cost retailers £320m in sales
The British Retail Consortium (BRC) has said a hot September could cost retailers £320m in sales, with non-food retailers losing £80m per week. Based on Met Office figures, the new BRC research found a “clear relationship” between weather and retail sales. The report says that weather influences sales most between…
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13 AugustHigh Street
Retail footfall down 0.8%, shopping centres continue to suffer
Retail footfall fell by 0.8% in July when compared to the same time last year, despite the high street again seeing a slight rise. The figures from the British Retail Consortium (BRC) and Springboard show that high street footfall increased by 0.3% which was the third consecutive month of growth.…
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7 AugustHigh Street
Retail sales growth slows in July amid heatwave
Total retail sales growth slowed in July according to the latest BRC-KPMG Retail Sales Monitor, growing only 0.5% on a like-for-like basis. According to the report sales of non-food products struggled during the month as demand for seasonal purchases slowed due to the heat, which kept shoppers away from days…
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1 AugustEconomy
Shop prices in July reach lowest deflation in eight months
The non-food items category reached its lowest level of deflation since December 2017, at 1.4% in July, according to new British Retail Consortium (BRC) data. The latest BRC-Nielsen Shop Price Index showed fresh food inflation rose 1.6%, compared with only 0.8% in June, and ambient food inflation increased by 2.2%,…
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