Responding to the King’s Speech, earlier today, Helen Dickinson OBE, chief executive of the British Retail Consortium, said: On Business Rates “We welcome the government’s pledge, within the King’s Speech, to “continue to take action to bring down inflation, to ease the cost of living for families, and help businesses fund new jobs and investment. […]
Sales figures are not adjusted for inflation. Given that both the October SPI (BRC) and September CPI (ONS) show inflation running at higher than normal levels, the rise in sales masked a likely drop in volumes once inflation is accounted for. Like-for-like data has been moved from the bullets to the tables at the bottom. […]
Covering the four weeks 01 October – 28 October 2023 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 5.7% in October (YoY), down from -2.9% in September. High Street footfall decreased by 4.6% in October (YoY), down from -1.7% in September. Retail Parks footfall decreased by 4.3% in October (YoY), down from -2.4% […]
Shop Price annual inflation decelerated further to 5.2% in October, down from 6.2% in September. This is below the 3-month average rate of 6.1%. Shop price growth is at its lowest since August 2022. Non-Food inflation fell to 3.4% in October, down from 4.4% in September. This is below the 3-month average rate of 4.2%. […]
Vending machines and unmanned retail services have seamlessly integrated into the daily lives of UK consumers, playing a role that extends far beyond traditional convenience, and giving small businesses a lifeline to much needed ancillary revenue, according to the results of a newly released survey. Results from the research – commissioned by leading forecourt retail […]
New research from Kin + Carta, the global digital transformation consultancy, has revealed that UK retailers are falling short when it comes to coherent experiences across their physical and digital footprints, potentially leading to loss of revenue. A stark contrast to retailers in the US. The research, conducted with YouGov, surveyed 2,100 consumers in the […]
Recommerce – defined as buying, selling or renting previously owned products – continues to grow, as new figures reveal consumers are opting for second hand over new and hiring pre-loved items more often than they did 12 months ago, contributing £6.99bn to the UK economy. Barclaycard Payments, a leading payments provider, has partnered with economic […]
Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, chief executive of the British Retail Consortium, said: “As mortgages, rents and fuel costs continued to weigh on households, sales were impacted for big ticket items such as computers, electricals and larger household appliances. Meanwhile, cosmetics and toiletries had another strong month.” “With the […]
According to research from international real estate advisor Savills, demand from food & beverage (F&B) operators within the drive-thru market is currently at a 10 year high, having seen their popularity accelerate during the pandemic. New data from Savills shows that drive-thru’s currently make up 33% of out-of-town new F&B new openings during H1, up […]
Responding to the latest CPI inflation figures which shows headline inflation remaining at 6.7% and food inflation falling to 12.1%, with prices falling 0.2% on the previous month, Helen Dickinson, chief executive of the British Retail Consortium, said: “While headline inflation remained at 6.7% inflation rates in retail, such as food, furniture and clothing, all […]
