The British Retail Consortium (BRC) has continued its battle against business rates and is calling for a three-year freeze on increases. The industry body said that the retail industry “shoulders far more than its fare share” of rates bills and that the tax was “leading to store closures”.
Food price inflation cooling throughout the heatwave has allowed overall shop prices to fall in June, although the drop was not as sharp as it was in May. According to the monthly BRC-Nielsen Shop Price Index, overall shop prices were 0.5 per cent lower last month compared to June 2017. READ MORE: No signs of consumer confidence improving ahead of Brexit Shop prices drop again in May amid tough conditions British grocery sector achieves 2 years of consecutive growth May sees stellar online retail growth May retail sales smash all expectations (ONS) Retail sales bounce back at record rate in May (BRC-KPMG) May footfall marginally improves despite sales boost On a month-on-month basis, the decline was smaller than May’s 1.1 per cent drop
Retail footfall continued to fall year-on-year in February across most retail destinations, even before the impact of the snow during the last two weeks. According to the latest Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard covering January 28 to February 24, year-on-year, footfall decreased by 0.5 per cent. While it is a slowdown compared to the one per cent growth seen in the same period last year, the decline was still less than a third of that recorded in January, lower than the three-month average of -2 per cent decline, and lower that the 12 month average of -0.7 per cent
Shop prices continued to decline throughout February, providing relief for consumers across the UK and adding weight to analysts’ expectations that inflation has peaked. According to new data from the monthly BRC-Nielsen Shop Price Index, deflation grew from 0.5 per cent in January to 0.8 per cent throughout the last month. These figures were helped by a slow down in food deflation, easing from 1.9 per cent in January to 1.6 per cent.
Britain’s retailers are being encouraged to sign up to the Disability Confident scheme to ensure they don’t miss out on the skills and talents people living with disabilities can bring to the workplace. The government wants more retailers to realise the benefits of employing people living with disabilities as they launches a new campaign for the scheme, which was first launched in November 2016.
The UK retail industry endured another challenging month throughout January as figures reveal both footfall and spending dropped to the lowest levels in years.
The UK retail industry has enjoyed a month of sales growth despite facing challenging conditions during the typically a tough period over January.
In more signs that the Christmas sales rush is increasingly weighted on Black Friday, the latter has now overtaken Boxing Day in online retail search volumes.
December saw the highest decline in footfall for four years in “a significant weakening in performance” as a fall in discretionary spend and increasing shift to online shopping takes it toll on the high street. According to the BRC – Springboard Footfall and Vacancies Monitor, footfall declined 3.5 per cent from November 26 to December 30, marking the sharpest decline since March 2013.
December saw the highest decline in footfall for four years in “a significant weakening in performance” as a fall in discretionary spend and increasing shift to online shopping takes it toll on the high street. According to the BRC – Springboard Footfall and Vacancies Monitor, footfall declined 3.5 per cent from November 26 to December 30, marking the sharpest decline since March 2013. This extended across all regions with the South West being hit the hardest enduring a 5.2 per cent decline, while Scotland and Greater London also saw footfall rates drop 3.7 per cent and 4.7 per cent respectively.