Covering the five weeks 29 August – 02 October 2021 2020 was a turbulent year in which much of retail bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared with 2019 (pre-pandemic). This means our 2021 figures are now year-on-two-years (Yo2Y), rather than year-on-year (YoY). According to BRC-Sensormatic IQ data: Total UK footfall decreased […]
The British Retail Consortium (BRC) is calling on the chancellor to unlock the industry’s contribution to the economic recovery from the pandemic by delivering a cut in the business rates burden at the Autumn budget. The retail trade association also urged the chancellor to stand by his party’s manifesto commitment to “cut the burden of […]
Following a surge in online sales in 2020 thanks to Covid-19, UK shoppers are predicted to further increase their spending as new data forecasts £120.48bn of online purchases in 2021. The VoucherCodes.co.uk Life after Covid: Prospects for online retailing, physical stores, and how we pay report, carried out by the Centre of Retail Research (CRR), examines the impact of the […]
Period Covered: 01 – 07 September 2021 Shop Price annual deflation eased to 0.5% in September compared to August’s decrease of 0.8%. This is a slower rate of decline than the 12- and 6-month average price decreases of 1.4% and 0.8%, respectively. This is the slowest rate of decline since January 2020. Non-Food deflation slowed […]
Today, the British Retail Consortium (BRC) has published its latest annual Payments Survey, which shows that debit and credit card transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in 2019). The pandemic and digital shift mean that cash use now accounts for just 15% of total spending in retail […]
BRC report shows devastating impact of business rates, ahead of government’s Fundamental Review In a survey of major retailers, 83% say they are likely or certain to close stores unless Review reduces rates burden Business rates had a material impact in two-thirds of store closures over the last two years As an industry that provides […]
National and independent businesses are uniting to inject over £4.6 million into the UK economy in 2021 through local gift card schemes. Over 8500 businesses are part of the pioneering Town and City Gift Card concept from payments provider Miconex, local gift cards for over 100 places in the UK and Ireland which can be spent with retail, […]
Today, intelligent marketing service Upside releases its first industry white paper on retail loyalty, which identifies that the value of one loyal customer is equal to that of twenty-two non-loyal customers. Based on analysis of actual spend data, rather than surveyed data, the white paper offers unique retail insight from open banking data in the […]
Responding to the latest ONS jobs figures, which show 3.015m jobs in retail, down 89,000 year-on-year, Helen Dickinson, chief executive of the British Retail Consortium, said: “The UK retail industry lost 89,000 jobs when compared with Q2 2020, bringing the total to 3.015 million retail jobs in the UK. Despite strong retail sales in recent months, the industry has been weighed down by continued low footfall in shopping centres and city […]
Sausage Wars may be capturing the headlines, but that’s not the only urgent deadline facing UK-EU negotiators. The extension to the NI Protocol grace period expected to be announced this week must include parcels, urges ParcelHero. In March, the UK government announced it was unilaterally extending the grace period on parcels and home deliveries to […]
