Internet crime dents retailers August 21, 2012 THE BOOM in Britons shopping online and through their mobile devices has left the retail sector more vulnerable than ever to internet crime, according to a report from the British Retail Consortium (BRC) published today. It claims that crimes such as phishing and identity fraud cost retailers an estimated £205.4m in 2011-12 and now poses [...]
Retailers unhappy with Olympic failure to stop sales from diving September 3, 2012 RETAIL sales recorded their second worst month of the year in August with the Olympic Games failing to lift activity in the UK’s shops, an industry group said this morning. Like-for-like retail sales sank by 0.4 per cent last month compared to the same time in 2011, the British Retail Consortium (BRC) said. And separate data [...]
Worst rain on record keeps London’s shoppers at home August 19, 2012 GREATER London’s shops were the worst hit by the heavy summer rains compared to their rivals elsewhere in the country. Footfall plummeted by 8.9 per cent in May, June and July in Greater London compared to the previous quarter, according to data from the British Retail Consortium (BRC) and Springboard. The dramatic drop compares to [...]
Inflation eases in British shops July 31, 2012 PRICES in Britain’s shops rose just one per cent in July compared to the previous year, dragged down by the brakes being hit on food inflation. Food prices increased 3.1 per cent annualised in July, the British Retail Consortium announced this morning, a less severe rise than the 3.5 per cent recorded in June. Overall [...]
Capital’s shops enjoy delayed Olympic boost August 12, 2012 TRADING across London’s high streets finally started to pick up in the second week of the Olympics as shoppers were lured back to the city. The British Retail Consortium, which is set to unveil figures this week for the Olympic period said “it was confident that the games delivered a boost to overall retail sales”, [...]
UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
FTSE 100 falls on negative investor sentiment September 4, 2012 The blue chip index lost yesterday’s gains as shares across the board fell, as investors were cautious over muted economic data. Data out today from the British Retail Consortium showed that retail sales fell in August as the Olympics failed to encourage spending. Household goods manufacturer McBride led the fallers in early deals, down 6.44 [...]
Retail sales growth slows in July – BRC August 7, 2012 British retail sales growth slowed in July as a sunny spell towards the end of the month failed to make up for weeks of rain which depressed sales of summer clothes and other seasonal products, the British Retail Consortium said today. The BRC’s findings tally with other surveys and retailers’ reports, showing that consumers were [...]
City Moves Who’s switching jobs August 27, 2012 British Retail Consortium The BRC has appointed Ian Cheshire as chairman, taking over the two-year post from Rob Templeman on 1 October. Cheshire has been chief executive of Kingfisher since January 2008 and an executive director since June 2000. He has also been a non-executive director of Whitbread since February 2011. He serves as a [...]
Shops look to new payment methods to escape card fees July 22, 2012 RETAILERS are shunning credit cards as shoppers embrace mobile phone and contactless payments, research released today shows. Shops are rushing to fit tills with the technology and online sellers are using e-payment methods such as PayPal to avoid costly credit card processing fees, according to the British Retail Consortium (BRC). Just under 30 per cent [...]