Rain and fuel chaos kept shoppers away from the high street October 8, 2021 Shoppers were deterred from the high street last month because of rain and chaos surrounding fuel buying. Total UK footfall dropped by 16.8 per cent in September, compared to pre-pandemic levels, BRC-Sensormatic IQ data found. Out of all regions, London saw the biggest drop of 26.3 per cent, compared to 2019. The city has suffered [...]
Consumer fatigue slows retail sales growth August 10, 2021 Signs of fatigue among consumers after the initial burst in spending triggered by the gradual easing of Covid restrictions are starting to emerge, according to new figures released today. Research from the British Retail Consortium and KPMG show retail sales jumped 9.8 per cent in July compared to the same period in 2019, before the [...]
Talent war and transport costs hit shop prices September 29, 2021 A toxic combination of rising transport costs, severe worker shortages and soaring commodity prices is fuelling food price inflation. Food prices rose for the first time on an annual basis in six months in September, up 0.1 per cent, according to research from the British Retail Consortium (BRC). Supermarkets have been raising pay for HGV [...]
Card payments made up four in every five pounds spent last year September 22, 2021 Debit or credit cards accounted for more than four in every five pounds spent in 2020, as the pandemic sped up cashless spending. Cashless payments made up 81 per cent of spending last year, a slight increase from 78 per cent in 2019, according to the British Retail Consortium (BRC). In its annual payments survey, [...]
‘We’ve been thrown under the bus’: hospitality demands government support as the UK faces further restrictions December 20, 2021 Business owners have called for greater government support and stronger communication as the UK heads towards another lockdown.
Retail sales growth slowed in August amid recovery warnings September 7, 2021 Retail sales growth has started to slow as shoppers’ pent-up enthusiasm has softened this summer. Total sales increased by 3 per cent in August, below the three month average growth of 6.9 per cent. Clothing retailers reported strong performances as Brits looked to stock up their post-lockdown wardrobes with outfits for weddings and returning to [...]
Make do and mend: Britain’s wartime mentality is back as spending nosedives October 15, 2021 As the UK continues to battle Covid-19 and a series of fuel, energy and distribution crises, households appear to be battening down the hatches in preparation for a post-pandemic Britain. The once popular wartime mantra, ‘Make do and Mend’, is once again making a revival as household spending begins to fall significantly. ONS data analysed [...]
Shop prices drop as retailers compete for consumers’ pounds July 28, 2021 Prices for products in shops dipped over the last year driven by strong competition between retailers to attract consumers, according to new figures released today. The British Retail Consortium and NielsenIQ’s latest shop price index shows prices in shops fell 1.2 per cent annually in July. Read more: UK inflation hits 2.5 per cent in [...]
Retail industry warns of increased abuse against workers over mask rules July 8, 2021 Retail industry warns of increased abuse against workers over mask rules
British tycoon close to striking rescue deal to save The Body Shop July 17, 2024 A consortium led by British business tycoon Mike Jatania has agreed to buy The Body Shop out of insolvency.