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.
-
Jan- 2025 -30 JanuaryHigh Street
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 from customer theft reached a record £2.2bn in 2023/24. The association said the figures come as more incidents have been linked to organised crime, with gangs “systematically” targeting stores. This…
Read More » -
28 JanuaryEconomy
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 attempted to attract post-Christmas shoppers, according to the latest figures from the BRC-NilesenIQ Shop Price Index. Shop price annual growth is at its lowest rate since August 2021 as non-food…
Read More » -
20 JanuaryNews-In-Brief
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 stabilise its business amid mounting financial pressures. The company is set to delist from the AIM market and return to private ownership following a shareholder vote earlier this month. Restructuring…
Read More » -
20 JanuaryNews
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 volumes fell by 0.3% following a modest 0.1% rise in November 2024. The figures, released by the BRC on Friday (17 January), revealed that while non-food stores such as clothing…
Read More » -
15 JanuaryNews-In-Brief
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 ONS. The decrease, attributed to reduced hotel and tobacco prices despite rising fuel costs, exceeded expectations, as analysts had predicted inflation would remain steady at 2.6%. While inflation remains above…
Read More » -
15 JanuaryAnalysis
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. One such high street retailer, New Look, which has managed to narrow its pre-tax loss to £21.7m in the year to March 2024, now faces the difficult task of balancing…
Read More » -
15 JanuaryEconomy
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 force retailers to put up prices after it found that two thirds of CFOs said they will do so in response to the change. The BRC said its survey of…
Read More » -
9 JanuaryNews-In-Brief
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 month, reflecting strong discounting tied to a later Black Friday. Non-food prices fell sharply by 2.4%, though food inflation remained steady at 1.8%, its lowest since December 2021. BRC CEO…
Read More » -
9 JanuaryEconomy
BRC warns of 2025 headwinds despite lower Xmas inflation
Consumers benefited from lower inflation for the week to 7 December 2024, according to the latest BRC-Nielsen IQ Shop Price Index, yet the British Retail Consortium anticipates fresh headwinds for the new year. The later timing of Black Friday in 2024 meant that the first week of December included the…
Read More » -
7 JanuaryNews-In-Brief
Today’s news in brief-7/1/25
Quiz has announced plans to delist from the London Stock Exchange, citing regulatory costs and financial pressures. The move requires a 75% shareholder majority, with founder Tarak Ramzan and key investors supporting the decision. Quiz reported a £4.7m pre-tax loss in the six months to 30 September, driven by inflationary…
Read More »
