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The Latest Breaking News from BRC

What surging oil price means for UK petrol prices, supermarket costs and energy bills

Brent crude hit $125 overnight – and higher prices for longer will feed through to everyday products and services

The Independent UK

Price rises in UK shops slow as retailers apply heavy discounts to lure shoppers

Shop price inflation rose by 1% year-on-year in April, slowing from 1.2% in March, the BRC says

The Guardian - UK

UK shops heavily reduced prices to lure in shoppers amid Iran war

Shop prices overall are now 1 per cent higher than last April

The Independent UK

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Self-checkouts fuelling rise in shoplifting among ‘good, honest people’, M&S chair warns

Archie Norman said the ‘human link’ between customers and retailers has been broken by the technology

The Independent UK

The real reason behind increase in retail sales last month as shoppers remain ‘tepid’ amid Iran war

Essential spending returned to growth – up 0.5% – for the first time since July

The Independent UK

Food price rises unlikely before summer, says boss of Sainsbury’s

Simon Roberts says Easter shop will be unaffected by Middle East conflict, but industry warns prices may rise this year

The Guardian - UK

UK shop prices rise as Middle East conflict impacts supply chains

IN FULL

The Independent UK

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Shop price inflation edges up as ‘storm clouds loom’ – BRC

Inflation on non-food items rose to 0.1% against a drop of 0.1% in February.

Evening Standard

Shop price inflation increases as ‘storm clouds loom’ amid Middle East crisis

Inflation will rise, although there are “no indications” it will reach the peaks of the last spike in April 2023, the British Retail Consortium said

The Independent UK

Big retailers say UK jobs at risk from guaranteed hours reforms

More than half of roles could be hit and young shop workers in particular could lose out, trade body warns

The Guardian - UK

Government urged to reduce cost of living as UK consumer confidence plunges

IN FULL

The Independent UK

UK consumer confidence has ‘collapsed’ during Iran war, retail industry says

BRC survey finds public even more pessimistic about finances as higher energy prices fuel inflation fears

The Guardian - UK

British consumer confidence plunges to record low as Middle East conflict fuels inflation fears

British consumers are anticipating rising costs over the coming months due to the Iran war

The Independent UK

Consumer confidence ‘collapses’ as Middle East war escalates

Consumer expectations of the economy over the next three months has fallen to its lowest level on record, the BRC and Opinium found.

The Independent UK

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The Independent UK

One in five witness retail violence or abuse – BRC

Incidents included racial and sexual abuse, physical assault and threats with weapons while shopping, the poll by Opinium for the BRC found.

Evening Standard

One in five witness violence or abuse against retail workers – BRC

Incidents included racial and sexual abuse, physical assault and threats with weapons while shopping, the poll by Opinium for the BRC found

Evening Standard

Wet February leads to plunge in shopping trips

Total UK footfall dropped 4.7% year on year, down from January’s 0.6% decrease, according to British Retail Consortium (BRC)-Sensormatic data.

The Guardian - UK

Criminals ‘systematically’ targeting UK shops, costing £400m last year, say retailers

British Retail Consortium warns over ‘endemic’ violence towards shop workers and says theft is causing anxiety

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The Independent UK

Warning issued as violence and abuse against retail workers at ‘unacceptably high’ levels

Theft remained a significant challenge, with 5.5 million detected incidents last year – costing retailers nearly £400 million

Evening Standard

Violence and abuse against retailers falls by a fifth, but ‘unacceptably high’

Incidents involving physical violence against retail staff remained largely unchanged from the previous year, at 118 per day, the BRC reported.

The Guardian - UK

Retailers in UK plan to cut staff hours and jobs amid rising employment costs

BRC survey finds finance bosses expect technology to improve productivity, with 69% pessimistic about the economy

Evening Standard

Retailers looking to cut staff hours due to high employment costs, bosses warn

A survey found 61% of retail CFOs (chief financial officers) and finance directors plan to ‘reduce number of hours and overtime’ for staff.

The Guardian - UK

National insurance hike and energy bills behind food price rise, say UK retailers

Latest BRC figures show year-on-year rate of increase was 3.9% in January, up from 3.3% the month before

The Independent UK

Shop prices jump more than expected with beef and fish costs blamed on National Insurance rises

Shop inflation overall was 1.5% higher than a year earlier

Evening Standard

Shop price inflation defies expectations to jump in January

Shop inflation overall was 1.5% higher than a year earlier – a significant increase on December’s 0.7%, according to the BRC and NIQ.

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