The ‘cost of living crisis’ has meant the prices for many essential goods in the United Kingdom have been increasing faster than household incomes. It has been wreaking havoc with many people’s finances for some time now, so how can small businesses encourage consumers to spend their hard-earned cash with them? A recent study by Uswitch […]
Period Covered: 01 – 07 February 2025 Shop price inflation was unchanged at -0.7% year on year in February, against a decline of -0.7% in January. This is above the 3-month average of -0.8%. Non-Food inflation decreased to -2.1% year on year in February, against a decline of -1.8% in January. This is above the 3-month average […]
The British Retail Consortium is warning of the impact that both the Budget and upcoming regulatory changes could have on part-time jobs in the retail industry. Retail remains a vital source of employment right across the country; it is the largest private sector employer and the industry and its supply chains account for over a […]
The government’s tax and labour law proposals could be the ‘final nail in the coffin’ of the British High Street, say leading audit, tax and business advisory firm, Blick Rothenberg. Robert Salter, a director at the firm, said: “The British High Street has been under pressure for the last 20 years due to out-of-town shopping […]
Fieldwork conducted on 04-07 February 2025 According to BRC-Opinium data, consumer expectations over the next three months of: The state of the economy worsened to -37 in February, down from -34 in January. This is the fifth consecutive month in which expectations have worsened. Their personal financial situation dropped to -11 in February, down from -4 in January. Their personal spending on […]
With over half of the public intending to spend money on a spouse or partner this Valentine’s Day, the BRC, supported by Opinium, has surveyed the public to understand more about how they will be spending their money. Dining out was the most popular option, with over 1 in 4 people (27%) intending to take […]
Twenty-five years into the 21st century, retail has already transformed at an unprecedented rate. In 2000, one year after Amazon and eBay were launched, the UK ecommerce sector was in its infancy, with online retail accounting for just 1% of total UK retail sales. However, the ecommerce market is maturing, omnichannel is the new normal, […]
Helen Dickinson OBE, chief executive of the British Retail Consortium, said: “January sales kicked off a solid month for retail with stores delivering their strongest growth in almost two years, albeit on a weak comparable. Consumers headed to the shops to refresh their homes for the year ahead, taking advantage of big discounts on furniture, […]
Retail crime is at its highest level on record, according to new figures released today from the British Retail Consortium’s (BRC) Annual Crime Survey. The survey reveals incidents of violence and abuse in 2023/24 climbed to over 2,000 per day, up from 1,300 the year before. This is more than three times what it was in […]
BRC; Correction: Removed historical lows on first four bullets that were erroneously copied over from previous month’s press release. Apologies. Period Covered: 01 – 07 January 2025 Shop Price deflation was 0.7% in January, above deflation of 1.0% in the previous month. This is slightly above the 3-month average rate of -0.8%. Non-Food remained in deflation at […]
