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The Latest Breaking News from BRC

January sales give retail stores their strongest growth in almost two years

Total retail sales across the UK increased by 2.6% year on year in January, according to the British Retail Consortium (BRC) and KPMG.

The Independent UK

Bargain-hunting shoppers give retailers welcome January boost

Total UK footfall increased by 6.6% year on year in January, according to BRC-Sensormatic data.

Evening Standard

Shoplifting soars in England and Wales by staggering amount

Police recorded the equivalent of 1,350 shoplifting offences every day in the year to September 2024, new Office for National Statistics figures show

The Independent UK

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Crime ‘spiralling out of control’ in stores, warns British Retail Consortium

UK retailers report all-time high of 55,000 thefts a day and a 50% rise this year in violent and abusive incidents

The Guardian - UK

Retail crime ‘spiralling out of control’ to more than 2,000 incidents a day

Over the last year, there were 70 incidents a day which involved a weapon – more than double the previous year, an annual BRC survey has found.

Evening Standard

New BRC Kielder rally organised in record time

A new rally to fill the gap in the British Rally Championship calendar will be organised and run in a record-breaking 12 weeks with the Carlisle Stages confirmed for April.

Autosport

Consumer expectations for economy plunge to ‘new low’

A survey found expectations for the state of the economy over the next three months have worsened to minus 34, down from minus 27 in December.

Evening Standard

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Consumer expectations for economy plunge to ‘new low’ amid job cuts

Hopes for the state of the economy over the next three months have dampened since December, according to a consumer confidence survey

The Independent UK

Welsh forest rallying in turmoil as storm damage causes events to be cancelled

Forest rallying in Wales in 2025 has been thrown into turmoil after the season’s opening two events were cancelled due to storm damage, including a British Rally Championship fixture.

Autosport

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Independent UK

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

Evening Standard

Retailers warn of higher prices in 2025 and urge ministers to ease tax burden

Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year

The Guardian - UK

Food prices to rise by 4.2% this year amid increased costs, industry warns

The BRC said there was ‘little hope of prices going anywhere but up’ amid higher national insurance, National Living Wage and packaging costs.

Evening Standard

The golden Christmas period was a huge boost for the U.K.’s biggest supermarkets Tesco and Sainsbury’s. But 2025’s storm clouds are brewing

The boom in spending was driven by average U.K. households making 17 shopping visits in December, according to Kantar data.

Fortune

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The Guardian - UK

UK retailers may have to cut thousands of jobs after bleak Christmas

British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

The Independent UK

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Retailers will be particularly hard hit by chancellor Rachel Reeves’s planned hike to employers’ national insurance

The Guardian - UK

Biden blocks Nippon Steel’s $15bn bid for US Steel over national security fears – as it happened

Rolling coverage of the latest economic and financial news as the US president uses his final days in office to block a $15bn bid for US Steel

The Independent UK

‘Drab’ December caps disappointing year for retailers

Shopper visits over the Golden Quarter were down 2.5% on the same period in 2023, according to the BRC-Sensormatic Footfall Monitor.

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Autosport

Autosport's top 10 club racing rivalries of 2024

There are a plethora of championship battles every year in the world of club motorsport, yet some are remembered much more than others for a variety of reasons.

The Independent UK

Christmas ‘disastrous’ for retailers as households battle ongoing cost pressures

Retail footfall was 11.4% down on last year over the final full week before Christmas, according to Rendle Intelligence and Insights.

Evening Standard

Cash use increased for the second year in a row in 2023, say retailers

Cash accounted for nearly a fifth of transactions in 2023, with people making smaller purchases, the British Retail Consortium said.

Evening Standard

Consumer confidence ‘weak’ as Christmas approaches

Confidence has been offset by declining expectations of the wider economy, according to the BRC-Opinium Consumer Sentiment Monitor.

The Independent UK

17-month run of falling shop inflation ends amid warnings of price rises

Overall shop prices are now 0.6% cheaper than a year ago, but have risen from October’s 0.8% cheaper, according to the BRC and NielsenIQ.

The Guardian - UK

UK retailers warn Reeves of £7bn hit from budget tax rises

Increase in national insurance contributions and national living wage will add to costs, says BRC

The Guardian - UK

UK retail sales growth slumps as shoppers wait for Black Friday deals

Later October half-term break and budget uncertainty also led to lower spending, says industry

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