BRC news and archive

Retail sales marginally increase in March despite shift in holidays

New figures by KPMG-British Retail Consortium (BRC) have shown a slight increase in UK retail sales for the month of March, despite a shift in date for Easter that distorts the year-on-year sales comparisons. With this in mind, retail sales for the month rose 1.1 percent YoY, against a growth of 3.5 percent in March 2024. This came below the...

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Business rates reform absent from spring statement: concerns for retailers in the UK

In her first spring statement and second budget as UK Chancellor, Rachel Reeves presented a plan aimed at kick-starting the country’s faltering economy. In her statement on Wednesday, the UK’s first female Chancellor admitted that “growth is still not where it should be” but nonetheless reiterated the government's decision to raise the National...

Retail

February retail sales increase though fashion impacted by gloomy weather

UK retail sales in February rose 1.1 percent year-on-year (YoY), driven by rising food sales which were counteracted by non-food sales. The latter category remained flat during the month, against a decline of 2.7 percent in February 2024, according to data provided by the British Retail Consortium (BRC). While in-store non-food sales dropped 1...

Retail

UK: Footfall up in January despite dreary weather

While the festive season proved disappointing for many retailers, January proved to be a more positive month in the way of footfall across the UK, as figures rose throughout the region. According to data from the British Retail Consortium (BRC) and Sensormatic, for the five weeks to February 1, total UK footfall increased 6.6 percent...

Retail

Retail crime ‘spiralling out of control’ says BRC

New figures from the British Retail Consortium’s (BRC) Annual Crime Survey have brought forth increased concern about the levels of retail violence and abuse in the UK, with the organisation’s chief executive, Helen Dickinson, stating that the situation is “spiralling out of control”. According to the survey, incidents of violence and abuse over...

Retail

Prices drop in first week of January but deflation eases

The first week of January showed “early signs of what is to come” in the way of shop prices, chief executive of the British Retail Consortium (BRC), Helen Dickinson, said in the organisation’s latest report. For the period 1 to 7 January, 2025, shop price deflation was at 0.7 percent, above deflation of 1 percent in the previous month and...

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Shoppers are feeling the January blues

In a sobering assessment of Britain's retail landscape, the latest British Retail Consortium (BRC) opinion consumer confidence survey reveals a nuanced picture of economic anxiety. Consumer confidence has taken a significant hit, with expectations for the state of the economy plummeting to a new low of -34 in January, a marked decline from...

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BRC: Festive period benefited from lower inflation but price pressures on the horizon

New figures from the British Retail Consortium (BRC) and NielsenIQ showed that over the course of December, shoppers benefited from lower inflation. Yet, price pressures are anticipated for the coming year. Over the period December 1 to 7, 2024, shop price deflation was at 1 percent, up from deflation of 0.6 percent in the month prior. This came...

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December sales boost fails to save UK retail’s “Golden Quarter”

Christmas fails to save 2024 trading, as new data from the British Retail Consortium (BRC) and KPMG International reveals that UK total retail sales for the year increased by just 0.7 percent from 2023, while non-food declined by 1.5 percent. For the three months to December, known as the “Golden Quarter,” sales growth was 0.4 percent...

Retail

UK retail footfall ends 2024 on subdued note

Retail footfall in the UK continued its downward trajectory in December, marking the second consecutive year of decline for brick-and-mortar retail traffic. Total footfall fell 2.2 percent year-on-year in December, though this represented an improvement from November's 4.5 percent decline, partly due to the shifted timing of Black Friday between...

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Retail braces for a rocky start to 2025

The British Retail Consortium’s latest BRC-Opinium Consumer Confidence Tracker paints a stark picture for the retail sector heading into 2025. While consumer sentiment around personal financial situations held steady at -3 in December, broader economic pessimism deepened significantly, with expectations about the state of the economy plunging to...

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BRC forecasts January ‘spending squeeze’ as consumer confidence declines

New data collated by the British Retail Consortium (BRC) and Opinium has pointed to concerning forecasts for the coming January, when the council’s chief executive, Helen Dickinson, said retailers should expect a “spending squeeze”. Personal financial situations remained at -3 in December, the same as November, while the state of the economy...