The British Retail Consortium (BRC) has published a new guideline dedicated to secondhand and pre-loved items in a bid to help the industry work towards a circular economy. The report has been developed with input from retailers, resale platforms, charity retailers and industry experts and outlines steps businesses can take to adhere to the...
26 Sept 2022
Retailers in the UK have welcomed the government’s decision to bring back VAT-free shopping for overseas visitors, but called for urgent action on business rates. It comes after the UK’s new chancellor Kwasi Kwarteng revealed a mini-budget on Friday to reinvigorate the country’s struggling economy. It included the return of VAT-free shopping for...
23 Sept 2022
UK retailers have called for “strong leadership” and “clarity” from Liz Truss who was announced today as the new prime minister. Truss defeated former chancellor Rishi Sunak to succeed Boris Johnson and become the new leader of the Conservative Party, winning 57 percent of votes from party members. She steps into the top job at a difficult time...
5 Sept 2022
Over 100 retailers have come together in a joint letter to Police and Crime Commissioners (PCCs) in England and Wales, calling on it to commit to making retail crime a priority in local policing strategies. In the letter, which was shared by the British Retail Consortium (BRC), retailers had expressed increasing concern over the rising levels of...
12 Aug 2022
Image: Pexels Record high temperatures and rising inflation amid the cost-of-living crisis deterred consumers from visiting physical stores in July, new data shows. Footfall in the UK decreased by 14.2 percent compared to levels from the same month three years ago, prior to the pandemic, according to the latest BRC-Sensormatic IQ Footfall...
8 Aug 2022
Warnings of staffing shortages in the UK after Brexit was invoked is now being echoed by a global need for fashion talent. Last week luxury group LVMH said it was looking to fill 2,000 positions by the end of the year, and 30,000 by 2024, as a need for specialised personnel is leaving gaps in the fashion sector. WWD said LVMH’s executive vice...
25 Jul 2022
On the final day of the UK government’s consultation surrounding the Transitional Relief scheme, the British Retail Consortium (BRC) is calling on policymakers to end the “downwards phasing” part of the system. According to the organisation, retailers have already warned that failure to fix the “flawed” system could cost the industry over one...
22 Jul 2022
Retail footfall in the UK took a hit last week from rail strikes, new data shows. UK footfall dropped 3.9 percent over the week compared with the average of the previous four weeks, according to BRC-Sensormatic IQ data. High Streets were the worst performing category, with a 3.3 percent drop in footfall, while shopping centres were down 2.2...
28 Jun 2022
Cases of abuse and violence against retail workers tripled during the pandemic, according to new data. The number of incidents increased to 1,300 per day between 2022 and 2021, compared to 455 per day between 2019 and 2020, according to the latest crime survey by the British Retail Consortium (BRC). While incidents soared, only 4 percent of them...
31 May 2022
Landlords in England with empty stores for over a year will be ordered to rent out the premises to prospective tenants in a move by the government to “breathe new life into high streets”. The Levelling up and Regeneration Bill, which was unveiled in the Queen’s speech on Tuesday, gives local leaders more power to bring retail units back into use...
11 May 2022
Consumers in the UK cut down on their spending last month as the cost of living rose, but fashion continued to outperform other categories as Brits geared up for summer social events, new data shows. Overall sales dropped by 0.3 percent year-over-year in April, the first decline in the past 15 months, according to the latest BRC-KPMG retail...
10 May 2022
UK consumer price inflation in March hit its highest point since 1992 as fuel prices continued to surge. The Consumer Prices Index (CPI) rose by 7 percent in the year to March 2022, up from 6.2 percent in February, according to data from the Office for National Statistics (ONS). That figure was above economists' estimates of 6.7 percent,...
15 Apr 2022
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