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News Tag: British Retail Consortium

October 11, 2011

BRC: High Street remains under pressure

by Kay Mitchell
”BRC:
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 confidence. Commenting, Stephen Robertson, director general of the BRC, ...




September 8, 2011

Argos and Homebase sales down, Morrisons sales higher

by Kay Mitchell
”Argos
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 13 weeks to 27 August fell ...




September 6, 2011

BRC: UK retail sales weak in August

by Kay Mitchell
”BRC:
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 Robertson, director general of the BRC, said: "The ...




August 24, 2011

Retailers assess riot damage to trading and staff

by Gill Montia
Retailers assess riot damage to trading and staff
A snapshot survey of retailers hit by the riots two weeks ago found that across 899 stores retailers lost over 7,500 hours of trading and reported more than 11,000 members of staff affected by the violence. However, the British Retail Consortium (BRC) expects the damage to the sector as a whole to be "considerably higher" than the initial research ...




August 22, 2011

Shops vacant as customers drift away

by Gill Montia
Shops vacant as customers drift away
The vacancy rate for shops across Britain's High Streets and shopping centres stands at over 11%, according to new research from the British Retail Consortium (BRC). Northern Ireland (17.1%), Wales (13.4%) and the North and Yorkshire (13.1%) recorded the highest vacancy rates, as overall footfall between May and July 2011 fell 1% compared with a year earlier. In terms of footfall, the ...




August 12, 2011

Survey reveals squeeze on households

by Kay Mitchell
”Survey
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 once essential bills have been paid. 71% have changed ...




August 9, 2011

BRC warn of riot costs to British businesses

by Kay Mitchell
”BRC
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 David Cameron was forced to cut ...




BRC: UK retail sales up 0.6% in July

by Kay Mitchell
”BRC:
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 July last year. Food sales ...




July 12, 2011

BRC: Retail sales down 0.6% in June

by Kay Mitchell
”BRC:
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 performance was noted in homewares, the ...




July 6, 2011

BRC: Food price inflation surges

by Kay Mitchell
”BRC:
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 rose to 5.7% from 4.9% - the biggest gain ...




June 27, 2011

Credit card usage falls sharply

by Kay Mitchell
”Credit
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 of transactions involving cash fell, although the average ...




June 7, 2011

BRC: Retail sales fall in May

by Kay Mitchell
”BRC:
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 after April’s 5.2% rise. Sales of clothing, footwear and ...




May 10, 2011

Retail sales surge in April

by Kay Mitchell
”Retail
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 garden furniture selling well. The rise follows the 3.5% ...




April 12, 2011

BRC: Retail sales fall sharply in March

by Kay Mitchell
”BRC:
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 household incomes due to soaring inflation ...




March 8, 2011

BRC: Retail sales down in February

by Kay Mitchell
”BRC:
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 about the economy weigh heavily on consumers. BRC Director ...




February 8, 2011

BRC: Retail sales recover in January

by Kay Mitchell
”BRC:
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 that sales growth could be attributed to heavy ...




January 11, 2011

M&S sees strong Christmas trading

by Kay Mitchell
”M&S
The UK’s biggest retailers are currently reporting their Christmas trading figures, and it has been a mixed bag so far. Today, British retailing giant Marks and Spencer (M&S) said sales in the final quarter of 2010 were up despite the heavy snowfall which gripped much of the country last month. The 127-year-old retailer which sells clothes, food and homewares said like-for-like sales in the ...




BRC reports 0.3% fall in December retail sales

by Kay Mitchell
”BRC
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 again, not as bad as feared. The ...




January 4, 2011

VAT rate rises today to 20%

by Kay Mitchell
”VAT
The rate of VAT will today rise from 17.5% to 20% as the Government looks to raise billions of pounds in order to trim the UK’s budget deficit. While many are prepared for the increase, retail sales are expected to be hit as consumers are expected to cut back on their spending over the coming months. According to a report by the Centre ...




January 3, 2011

Retail sales to slump following VAT hike

by Kay Mitchell
”Retail
According to experts, the forthcoming VAT hike will have resulted in the purchase of big-ticket items - boosting retail sales in December and the first few days of January. However, the VAT rise from 17.5% to 20%, which kicks in tomorrow, is expected to mean consumers will cut back on their spending over the coming months. According to a report by ...