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The Latest Breaking News from Helen Dickinson

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

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

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

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Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

The Independent 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

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 Guardian - 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 Independent UK

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Crucial ‘golden quarter’ fails to save 2024 for retailers

Sales were just 0.4% higher over the three months to December than in the same period in 2023, reflecting households’ cautious spending, figures show.

Evening Standard

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.

The Independent UK

Retailers warn inflation could hamper UK shoppers in run-up to Christmas

British Retail Consortium figures come alongside data showing a fall in household disposable income

The Guardian - UK

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

Evening Standard

Lower shop prices boost prospect of Bank of England rate cut

British Retail Consortium says prices falling at fastest rate in three years and are 0.8% lower than a year ago

The Guardian - UK

Oasis ticket sales push UK non-essential spending to highest level this year

Retail sales show strongest growth in six months as shoppers buy clothes and computers for new academic year

The Guardian - UK

UK shop prices fall year on year for first time since cost of living crisis began

Prices down 0.3% in first week of August as food inflation eases and retailers attempt to shift unsold summer stock

The Guardian - UK

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International Business Times UK

Businesses Struggle To Deal With 4.8% Drop In Footfall Amid Fascist Riots In UK

A series of riots targeting people of colour have broken out. Shops have been set on fire and small businesses are being forced to close.

The Guardian - UK

UK retailers call for business rates and planning reform after fall in shoppers

Visits to high streets, shopping centres and retail parks fell by 3.6% in May, continuing downward trend

The Guardian - UK

Inflation in UK shops falls amid price cuts on furniture and TVs

Biggest drop since November 2021 as ‘unseasonable’ weather pushes retailers to continue promotions

The Guardian - UK

Wet weather woes cause damp start to spring for retailers and restaurants

Consumer caution over high interest rates and energy bills adds to bleak start to the year for sector

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The Guardian - UK

Inflation in UK shops slows amid price cuts on clothes and shoes

Prices in non-food stores are lower in April than a year earlier as stores offload summer stock

Evening Standard

Brexit: Food prices will be pushed up with new border checks in weeks on EU imports, warns retail chief

Brexit border checks on imports from the European Union will push up food prices in Britain, says a retail chief.

The Guardian - UK

Inflation in UK shops drops to lowest level in two years

Retailers cut the price of Easter treats, clothing and electrical items as consumer spending slowed

The Guardian - UK

February dip sends UK food price inflation to nearly two-year low

Shoppers helped by falling energy costs and supermarket competition as meat, fish and fruit prices drop

International Business Times UK

Retail Businesses Urge Government To Tackle Increasing 50% Theft And Abuse Cases

Retail employees have called on the government to implement tougher measures against attackers after theft and abuse incidents have increased by 50 per cent.

The Guardian - UK

Violence and abuse against UK retail staff rises to 1,300 incidents a day

British Retail Consortium says criminals ‘being given a free pass’, with thefts more than doubling to 16.7m incidents last year

Evening Standard

London shops deploy facial recognition in theft epidemic - The Standard podcast

Plus, the capital’s violent Rolex robbery gangs

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