Shoplifting cost retailers £400m last year Retail British retailers lost out on nearly £400m last year due to shoplifting, despite falling numbers of violent theft and abuse. Violence and abuse against shopkeepers occurred 1,600 times per day on average, down 20 per cent from 2,000 last year, according to a crime report published by the British Retail Consortium (BRC). The Crime and [...]
Minimum wage is lowering standards of living, argues Wetherspoons boss Business The founder and chairman of budget pub chain JD Wetherspoon has warned that minimum wage is making lowering people’s living standards by limiting companies’ ability to increase pay and hire. Sir Tim Martin argued that rather than serve as a safety net to protect workers, minimum wage is now doing more harm than good, following [...]
Debenhams to retain Pretty Little Thing as fast fashion brands recovers Business Online fashion seller Debenhams is set to retain Pretty Little Thing after considering selling the fast-fashion brand after seeing improvements in profitability. The retailer, which rebranded from Boohoo Group in March 2025, has unveiled its decision to keep the low-cost retailer after first mulling the sale in August as it looked to restructure its business [...]
Wetherspoon shares sink after business rates knock profit January 21, 2026 Wetherspoon shares slumped on Wednesday after the pub giant laid bare the scale of the financial hit from November’s tax-raising Budget. The FTSE 250 member said cost rises across energy, wages, repairs and business rates had put up costs by a staggering £45m in the 25 weeks to mid-January. That would imply a cost rise [...]
UK inflation faces December bump from travel and food costs January 18, 2026 UK inflation may have edged higher at the end of last year, with Christmas travel and higher duties pushing up prices, economists have warned. Several forecasters expect the Consumer Prices Index (CPI) to have ticked up in December after falling sharply in November. Economists at Pantheon Macroeconomics say they expect inflation to rise to 3.3 [...]
Next shares rise after Christmas shopping frenzy January 6, 2026 Next shares jumped on Tuesday after the high street staple toasted another frenzied Christmas shopping period. The FTSE 100 group’s stock soared as much as 5 per cent to 14,265 pence, with shares now up by almost a fifth over the past six months after it hailed a 10.6 per cent jump in fourth-quarter full [...]
Budget uncertainty dampens November spending December 19, 2025 Black Friday discounts failed to significantly boost consumer spending in November, as Budget uncertainty kept shoppers away from the high street. Sales declined 0.1 per cent last month, following a 0.9 per cent fall in October, as households opted to hold off spending in the run up to Christmas and wait to see the outcome [...]
Reeves delays Shein import clampdown to 2029 November 22, 2025 Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]
Brits prep for an expensive Christmas at the grocers October 23, 2025 Brits are prepping for high grocery spending this Christmas as food inflation continues to dominate daily concerns, according to new data. Consumers’ expectations over the next three months of their personal finances worsened to -11 in October, down from -7 in September, according to the British Retail Consortium. The corresponding metric, personal spending on retail, rose nine [...]
Retail sales slow as Budget and inflation weigh on spending plans October 14, 2025 Retail spending slowed in September, as a tax raising Budget and higher household inflation expectations forced Brits to tighten their belts before the all-important ‘Golden Quarter’. Total retail sales in September increased by 2.3 per cent year on year, down from the 3.1 per cent that the sector notched up in August and the 2.5 [...]