BRC

UK retailers still facing ‘mountain of costs’, M&S CEO warns

M&S CEO Stuart Machin has warned that UK retailers are still facing a mountain of costs despite Rachel Reeve’s push…

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Today’s news in brief-30/1/25

Retail crime in the UK has surged to record levels, with theft losses hitting £2.2bn in 2023/24, according to the…

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BRC: Retail crime ‘out of control’ as theft losses hit record £2.2bn

The BRC has said that retail crime is “out of control” after its Annual Crime Survey figures revealed that losses…

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January sales see shop price deflation hit 0 .7%

January sales helped shop price deflation reach 0.7% in January, above deflation of 1.0% in the previous month, as retailers…

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Today’s news in brief-20/1/25

Quiz is reportedly considering closing up to a third of its 60 stores as part of a restructuring effort to…

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Bira calls for gov action following ‘disappointing’ December sales

The British Independent Retailers Association (Bira) is calling for urgent government intervention following “disappointing” December retail figures, which show sales…

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Today’s news in brief-15/1/25

Inflation in the UK unexpectedly fell to 2.5% in December, marking its first decline in three months, according to the…

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Is New Look right to close up shops?

The tax increases unveiled in the October 2024 budget have further complicated the outlook for retailers in the new year.…

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NI increase will force retailers to raise prices, BRC warns

The British Retail Consortium (BRC) has warned that the National Insurance Increase, set to come into place this April, will…

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Today’s news in brief-9/1/25

The BRC-Nielsen IQ Shop Price Index showed shop price deflation at 1% in early December, up from 0.6% the previous…

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