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The Latest Breaking News from BRC

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

The Guardian - 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

The Independent UK

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.

Evening Standard

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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

The Guardian - UK

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.

Evening Standard

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

The Independent 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 Guardian - UK

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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.

Evening Standard

Up 17% in Just 5 Days: Is a Simple Name Change Really Driving This Stock’s Surge?

BRC Group Holdings, formerly known as B. Riley Financial and renamed in November, has seen its volume and share price surge over the past five days. A simple rebranding isn’t the reason for recent gains. There’s more to the story.

Barchart

UK retailers endure ‘drab December’ as non-food sales fall flat

Sales of clothes and computers fall, but discount supermarkets Aldi and Lidl enjoy bumper trading

The Guardian - UK

Retailers suffer disappointing December amid cost-of-living woes

Visits to the high street were down by 0.9%, but shopping centres suffered particularly badly with 5.1% fewer Christmas visitors, the BRC said.

Evening Standard

Will London’s battered high streets get the Christmas boost they need?

After a grim year, retailers are panicking that shoppers aren’t spending enough to help them survive January, writes Jonathan Prynn

Evening Standard

Shoppers turning to alternative payments such as buy now pay later – BRC report

Evening Standard

UK households cut spending at fastest pace in almost five years, says Barclays

Bank reports 1.1% drop in card spending despite Black Friday boost for retailers

The Guardian - UK

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Evening Standard

Pre-Budget shopper ‘jitters’ dampen Black Friday sales

Total retail sales across the UK increased by 1.4% year on year in November – the weakest growth in six months, BRC and KPMG figures show.

Evening Standard

FTSE 100 Live 02 December: Warning over stretched AI valuations, lenders pass stress test

The Bank of England today warned AI-focused valuations remain “materially stretched” and at risk of a “sharp correction”.

The Independent UK

Good news for shoppers as price increases ease just in time for Christmas

Last month, shop price increases slowed, as did food inflation

Evening Standard

Shop price increases ease amid hopes of Christmas boost to consumer confidence

Overall shop prices were 0.6% higher than a year ago last month, down from 1% in October, according to the BRC-NIQ Shop Price Monitor.

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Evening Standard

Consumer confidence tumbles amid ‘tumultuous’ build-up to Budget

Consumer expectations for the state of the economy over the next three months have fallen significantly, according to data from the BRC and Opinium.

The Guardian - UK

Shrinkflation hits everyday staples, piling more pressure on households

Which? finds products shrinking while supermarkets keep prices flat or rising

Evening Standard

Shop price inflation slows despite soaring cost of fresh food

Overall shop price inflation has slowed to 1%, but fresh food is now 4.3% more expensive than a year ago, according to the BRC-NIQ Shop Price Monitor.

The Independent UK

UK supermarkets warn business rates rise could push up food inflation

A letter to Rachel Reeves has been signed by executives including at Tesco, Sainsbury’s and Aldi.

The Independent UK

UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

The Guardian - UK

UK retail sales growth cools amid fears over budget tax rises

Inflation also hitting sales, says industry body, as Barclays says credit card spending fell in September

Evening Standard

Retail spending slows as Budget looms large

Non-food sales growth slowed to 0.7% against growth of 1.7% last September and below the 12-month average growth of 0.9%, the BRC and KPMG reported.

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