Retail bosses urge Chancellor to reform business rates to boost growth October 7, 2024 The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
Footfall at UK retailers improves for first time in over a year October 4, 2024 This was the first time that footfall has shown an improvement since July 2023.
Shop prices fall further into deflation as battle to ‘entice’ consumers continues October 1, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.6 per cent in the year-to-September, down from 0.3 per cent the previous month.
‘Turbulent few months’ ahead for retailers as low consumer confidence lingers September 26, 2024 One of the UK’s largest retail bodies has warned that retailers could suffer in the next few months during the run-up to Christmas, due to a lack of consumer confidence in the economy. Confidence slumped in September, with an increasing number of Brits saying they expected the UK economy to get worse over the next [...]
Retail group calls for ‘rates corrector’ in next Budget September 13, 2024 High business rates and other bills have led to an overtaxing of the retail industry compared to its size in terms of GDP, according to fresh data. The British Retail Consortium found that retail pays 7.4 per cent of all business taxes – £33bn – a share 1.5 times greater than its share of the [...]
UK retail sales ticked up in August in a summertime boost September 3, 2024 UK retail sales ticked up in August, according to fresh data, after consumer confidence was boosted by good weather.
Easing inflation helps retail footfall in August despite riots August 30, 2024 Retail footfall in the UK was boosted by good weather and easing inflation in August, despite the effect of the violent riots which erupted earlier in the month. Total UK retail footfall fell by 0.4 per cent in August year-on-year, compared to an annual drop of 3.3 per cent in July, according to the British Retail Consortium (BRC). It’s [...]
Shop prices in deflation for first time in almost three years August 27, 2024 The overall index was pulled down by non-food prices, which fell further into deflation in August.
Losses from in-store retail fraud rise 2,000 per cent in 2024 August 5, 2024 Reports of in-store retail fraud rose by 545 per cent in the first six months of 2024 compared to 2023, while losses rose an estimated 2,000 per cent, according to new data. Figures from the NFIB Fraud and Cyber Crime Dashboard showed that in-store losses widened from £258,000 in 2023 to £5.4m in 2024. The [...]