Tag: BRC

BCC downgrades UK economic growth

BCC downgrades UK economic growth

The British Chambers of Commerce (BCC) has today said the fresh round of quantitative easing (QE) announced by the Bank of England last week may not be enough to prevent the economy from slipping back into recession and “more radical measures” are required. BCC Chief Economist David Kern said in an e-mailed statement in London [...]

October 11, 2011 More
BRC: High Street remains under pressure

BRC: High Street remains under pressure

The British Retail Consortium (BRC) has today announced retail sales saw a slight improvement in September According to the BRC/KPMG retail sales monitor, like-for-like sales (which exclude the impact of sales at new stores) rose 0.3% on an annual basis. However, clothing sales suffered while demand for big-ticket items remained weak due to fragile consumer [...]

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Argos and Homebase sales down, Morrisons sales higher

Argos and Homebase sales down, Morrisons sales higher

There is a mixed bag of retail sales figures today after Home Retail Group announced a drop in sales at both its Argos and Homebase chains. The figures are further evidence of a cutback in consumer spending after electrical goods group, Dixons Retail, yesterday posted a fall in sales. At Argos, like-for-like sales in the [...]

September 8, 2011 | 0 Comments More
BRC: UK retail sales weak in August

BRC: UK retail sales weak in August

The British Retail Consortium (BRC) has today reported weak retail sales for August. According to the BRC, like-for-like sales (which exclude the impact of sales at new stores) fell 0.6% last month on an annual basis. Overall sales rose 1.5%, however, this was much lower than the 2.8% rise noted in August 2010. Commenting, Stephen [...]

September 6, 2011 | 0 Comments More
Survey reveals squeeze on households

Survey reveals squeeze on households

The British Retail Consortium’s (BRC) latest consumer confidence survey has revealed how consumer shopping habits have changed due to the Government spending cuts and the rise in the cost of living. According to the survey released by the BRC and Nielsen, almost one third of those questioned feel that they have no cash left over [...]

August 12, 2011 | 0 Comments More
BRC warn of riot costs to British businesses

BRC warn of riot costs to British businesses

The British Retail Consortium (BRC) has warned that the riots will cause significant harm to British businesses as they count the costs of stolen and damaged goods. The weekend riots in London have already spread to other parts of the UK and the BRC warned that retailers of all sizes had suffered damage. Prime Minister [...]

August 9, 2011 | 0 Comments More
BRC: UK retail sales up 0.6% in July

BRC: UK retail sales up 0.6% in July

Retail sales rose in July but conditions remain challenging as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like sales rose 0.6% last month on an annual basis. On a total basis, meanwhile, sales were 2.5% higher, against a 2.6% increase in [...]

BRC: Retail sales down 0.6% in June

BRC: Retail sales down 0.6% in June

Retail sales fell in June as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, sales fell by 0.6% on an underlying basis last month, while total sales (including VAT) rose 1.5%. Food sales growth eased a little last month but a strong [...]

July 12, 2011 | 0 Comments More
BRC: Food price inflation surges

BRC: Food price inflation surges

According to the British Retail Consortium (BRC), shop price inflation rose in June on the back of growing food prices. The BRC said shop price inflation surged to its highest rate since October 2008 in June. Higher petrol and commodity costs lifted shop prices to 2.9% in June from 2.3% in May while food inflation [...]

July 6, 2011 | 0 Comments More
Credit card usage falls sharply

Credit card usage falls sharply

The British Retail Consortium (BRC) has today reported a fall in credit card usage as consumers look to cash and debit cards for their purchases. According to a survey by the BRC, which represents 90% of the UK’s stores, shoppers are opting to use their debit cards and cash to avoid borrowing. However, the number [...]

June 27, 2011 | 0 Comments More
ONS: UK retail sales fall in May

ONS: UK retail sales fall in May

Higher prices at the petrol pumps and economic uncertainty has led to a fall in UK retail sales for the month of May, according to the Office for National Statistics (ONS) today. The ONS said retail sales dived 1.4% last month, reversing the strong rise seen in April due to the late bank holidays, good [...]

June 16, 2011 | 0 Comments More
BRC: Retail sales fall in May

BRC: Retail sales fall in May

Higher inflation has led to a fall in retail sales for the month of May, according to the British Retail Consortium (BRC) today. The fall was also attributed to consumers overspending in April due to the long bank holiday weekends and hot weather. The BRC said annual like-for-like retail sales fell by 2.1% in May [...]

June 7, 2011 | 0 Comments More
Retail sales surge in April

Retail sales surge in April

The long bank holiday weekends and sunny weather has led to a surge in retail sales for the month of April, according to the British Retail Consortium (BRC) today. The BRC said retail sales grew 5.2% last month due to the late Easter holidays, hot weather and Royal Wedding, with clothing, barbecue food, champagne and [...]

May 10, 2011 | 0 Comments More
BRC: Retail sales fall sharply in March

BRC: Retail sales fall sharply in March

Retail sales fell sharply last month – providing further evidence of a fragile economic recovery. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, total sales fell by 1.9% on an annual basis - the worst fall since the series started in 1995. The trade body attributed the fall to the ongoing squeeze on [...]

April 12, 2011 | 0 Comments More
BRC: Retail sales down in February

BRC: Retail sales down in February

Retail sales fell last month - providing further evidence of a fragile economic recovery. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like sales fell 0.4% in February on an annual basis after a 2.3% rise in January. The trade body attributed the fall to the ongoing squeeze on household incomes as fears [...]

March 8, 2011 | 0 Comments More
BRC: Retail sales recover in January

BRC: Retail sales recover in January

Retail sales recovered in January after the heavy snowfall in December knocked sales. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like retail sales grew by 2.3% in January on an annual basis - the best showing since March 2010. Total sales increased 4.2%, up from 1.5% in December. However, the BRC highlights [...]

February 8, 2011 | 0 Comments More
BRC reports 0.3% fall in December retail sales

BRC reports 0.3% fall in December retail sales

The heavy snowfall which gripped most of the country last month was expected to impact negatively on retail sales. However, retail sales fell just 0.3% on a like-for-like basis, according to the British Retail Consortium (BRC)/KPMG retail sales monitor. However, total sales rose 1.5% against 6% growth the previous year - a sharp drop but [...]

January 11, 2011 | 0 Comments More
UK retail sales slow in November

UK retail sales slow in November

The Office for National Statistics (ONS) has today reported UK retail sales rose 0.3% in November - albeit slower than the revised 0.7% in October. However, the figure was in line with expectations and was driven by sales of toys, sporting accessories and jewellery. Demand for clothing, footwear and households goods remained weak The ONS [...]

December 16, 2010 | 0 Comments More
Forthcoming VAT hike could boost Christmas sales

Forthcoming VAT hike could boost Christmas sales

The British Retail Consortium (BRC) has revealed some optimism among retailers for the Christmas period. Many believe the Christmas period will be no worse than last year - despite consumers being fearful of the Government’s spending cuts and unemployment. According to the BRC’s snapshot of 17 major retailers, which represents up to 51% of the [...]

December 13, 2010 | 0 Comments More
BRC reveals slowdown in November retail sales

BRC reveals slowdown in November retail sales

Falling temperatures led to a slowdown in retail sales in November, the British Retail Consortium (BRC) revealed today. According to the BRC, values were just 0.7% higher compared with November 2009 as consumers are cautious about the uncertainty surrounding the economy and are fearful of spending cuts and rising taxes. The cold weather and snowfall [...]

December 7, 2010 | 0 Comments More