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The Latest Breaking News from BRC

Brexit red tape risks extending inflation crisis, retailers warn

‘Hidden costs’ of complying with new rules threaten falling prices in 2024, say business chiefs

The Independent UK

Sunak risks fuelling inflation with high taxes and Brexit red tape, retailers warn

Shop price inflation eased to 4.3% in November but ministers’ plans could lead to higher prices, BRC says

The Guardian - UK

Shop price inflation eases for sixth consecutive month

Shop prices were 4.3% higher than last November, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index.

The Independent UK

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UK shop price inflation at lowest in a year as government advised not to burden businesses

Prices were 5.2 per cent higher in October than a year earlier, data shows

The Independent UK

Shop price inflation eases for fifth consecutive month

Prices were 5.2% higher in October than a year earlier, according to the British Retail Consortium (BRC)-Nielsen Shop Price Index.

The Independent UK

3 Aerospace and Defense Stocks for a Resilient Portfolio

The aerospace and defense industry has attracted significant investor attention lately due to the war between Israel and Hamas. Moreover, the industry is well-positioned for sustainable growth; with countries increasing their defense budgets and consistent technological advancements, it could be wise to invest in quality air defense stocks Sturm, Ruger…

StockNews.com

Retail sales growth slows amid higher costs for consumers

Total UK retail sales limped to a 2.7% increase in September despite the fall in inflation, according to the BRC-KPMG Retail Sales Monitor.

The Independent UK

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Shop theft has been building for years – here's how to tackle retail crime and keep workers safe

Retail giants like Boots, Tesco and Primark are pushing for Home Office action after violent incidents and abuse against shop staff almost doubled since the COVID pandemic. Retail crime cost UK shops £1.76 billion in the year to April 2023, according to the British Retail Consortium.

The Conversation

London Underground strikes this week called off; pound hits six-month low against dollar – as it happened

RMT says planned strike action by over 3,000 members at London tube stations on Wednesday 4th and Friday 6th October will not go ahead.

The Guardian - UK

UK food prices fall in September for first time in two years, figures show

Average food basket down by 0.1% amid fierce supermarket competition, says the British Retail Consortium

The Guardian - UK

Food prices fall on previous month for first time in more than two years

Consumers who bought dairy, margarine, fish and vegetables – all typically own-brand lines – would have seen lower prices than in August.

The Independent UK

Major UK retail bosses plead for staff protection as ‘violent criminals empty stores’

UK business leaders have asked for a meeting with the home secretary to press for a new offence of assaulting or abusing shop staff

The Guardian - UK

‘Violent attacks on shop workers not being responded to by police’

A coalition of retailers and shopworkers is calling for three key commitments from police forces to tackle a rise in shop theft.

The Independent UK

Retailers warn Chancellor against £400m business rates hike

A group of 44 retail leaders have written to Jeremy Hunt to halt an inflation-based increase to property tax bills.

The Independent UK

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The Guardian - UK

Retailers look on sunny side as holidaymakers splash out

Sales of health and beauty products help high street stores bounce back after a disappointing start to the summer

The Independent UK

Confident consumers boost retail sales in August

Total UK retail sales were up 4.1% on last August, above the three-month average of 3.6%, according to the BRC-KPMG Retail Sales Monitor.

The Week

Police told to target shoplifters

Police must have a “zero tolerance” approach to all shoplifting including thefts of low-value goods, the policing minister has said.

Fortune

Tesco staff offered body cameras as abuse by customers climbs

"I want those who break the law in our stores brought to book," Tesco CEO Ken Murphy says.

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The Guardian - UK

UK food prices as big a concern for consumers as energy bills, Which? finds

Pace of food inflation continued to slow in August, data shows, but trust in supermarket sector at decade-low

The Independent UK

Fresh food prices help retail inflation to slow in August, new figures suggest

The figures do not mean things are getting cheaper, but that prices are increasing at a slower rate than they did previously.

The Independent UK

Britain loses 6,000 storefronts in five years

The highest vacancy rates were in the North East and the Midlands, followed by Wales and Scotland, according to the BRC-LDC Vacancy Monitor.

Evening Standard

Retail chief calls on Mayor of London to take action amid huge spike in shop thefts

Thefts from London retail premises rose by 13% last year, and experts say they are becoming increasingly violent

The Guardian - UK

UK retailers report sizzling sales in hot June weather

Shoppers snap up barbecue food, swimwear, beach towels, outdoor games and garden furniture in June

The Independent UK

Pressure grows on supermarkets as soaring food prices ‘harm mental health’

Many people say their physical health has deteriorated because of high food prices

The Guardian - UK

Shop price inflation easing, say top UK retailers before key meeting with MPs

British Retail Consortium says figure eased to 8.4% in June from 9% in May

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