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The Latest Breaking News from BRC

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

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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

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.

The Independent UK

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.

Evening Standard

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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

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

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

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

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

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

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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.

Barchart

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.

The Guardian - UK

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

Evening Standard

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.

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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

The Guardian - UK

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

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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People

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Office for National Statistics

The British Retail Consortium

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RSM

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British Retail Consortium

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