British Retail Consortium

Consumers Rein Back Spending In January As Retail Sales Slow

Consumers Rein Back Spending In January As Retail Sales Slow

UK retailers got off to a bad start in 2017, as consumers reined in spending after the festive season. According to new research from the British Retail Consortium (BRC), although retail spending has increased 0.1% year-on-year, this represents a significant drop from the 1.7% increase in December, and is the sector’s weakest return since August 2016. Not surprisingly, consumers cutting down on non-essentials after Christmas is seen as the biggest factor – as shoppers had a traditionally quiet January. Despite consumers generally tightening their purse strings, sales of furniture rose towards the end of 2016 with spending on food rising 2% in January, while online sales jumped 8.6% as more shoppers ‘shunned the high street’ – signifying the importance of businesses selling onli... »

Businesses Urged to Get Online As High Street Spending Falls

Businesses Urged to Get Online As High Street Spending Falls

Small businesses are encouraged to embrace e-commerce or risk losing sales, with new research having found that UK consumers are rejecting the high street in favour of online retailers. According to a report by the British Retail Consortium (BRC) and KPMG, online sales accounted for 20.4% of non-food sales last month – up 1% when compared to 12 months ago. While many predicted that consumers would immediately tighten their spending following the EU referendum result, good weather appears to have helped pubs and restaurants avoid the initial ‘Brexit blues’ with consumers’ spending up 12.2% and 12.8% respectively. Despite the positive findings for the hospitality sector, consumers are expected to reduce their spending in coming months. Helen Dickinson, BRC’s chief executive... »

UK Retail Businesses  a Hit on Mobile as Overseas Browsing Rates Soar

UK Retail Businesses a Hit on Mobile as Overseas Browsing Rates Soar

The number of international shoppers using their smartphones to browse for UK retail businesses has increased over the last quarter, according to new research from the British Retail Consortium (BRC) and Google. Indicating the need for businesses to ensure that their websites are mobile-friendly, the research found that UK beauty and apparel companies enjoyed the biggest rise in search volumes on mobile devices; with increases of 51% and 41% respectively between October and December 2015 The statistics also show a decline in the use of tablets with search volumes having fallen by 12% and 21% for beauty and apparel respectively. This was also the case for leisure-focused brands and department stores, which both saw a rise of 37% and 33% on smartphones but declines of 12% and 16% on tablets.... »

Retail Sales Rise Likely to be Short-lived, says BRC

Last month’s rise in retail sales is unlikely to continue as consumers remain preoccupied with job security, the British Independent Retailers Association (BIRA) has said. The British Retail Consortium’s monthly figures showed like-for-like retail sales values jumped 5.2% in April this year compared with April 2010 due to the warm weather and consecutive bank holidays. The increase reversed a 3.5% fall in sales in March 2011 on the previous year. “Easter and the Royal Wedding bank holiday provided a badly needed boost to many retailers during April.” said BRC director general, Stephen Robertson. The hottest April since records began also got people out spending on summer clothing and footwear.” “These sales figures are a relief after the dire sales falls we saw in M... »

Sales Fall

Retail sales plummet in early January

High–street sales fell for the tenth month in a row in January 2009 and are expected to decline further in February, according to the Confederation of British Industry (CBI). Their research found that 63% of retailers reported a drop in sales in the first two weeks of January compared with the same period last year, while just 16% reported a rise. More than half the retailers surveyed predicted that sales would fall further in February. CBI chief economic adviser Ian McCafferty said: “Most of the retail sector continues to struggle as the recession bites more deeply, and February will be tough,” “Later this year we hope to see some benefit from recent interest rate cuts, falling inflation, and the Government’s steps to kick–start lending. But retailers w... »

Economy In Decline

Economy declining at Unprecedented Rate

The UK economy declined at a record rate in the last three months of 2008 as domestic sales in the manufacturing and service sectors plummeted, according to the British Chambers of Commerce (BCC). The BCC’s economic survey of the fourth quarter of last year also revealed that employment levels and business investment fell to their lowest since the survey began in 1989. According to BCC director general David Frost, the pace of the decline has defied expectation. “These are truly awful results with the scale and speed of the economic decline happening at an unprecedented rate” “Despite the weak value of the pound, the export sector has not picked up as hoped. It’s a global recession and there isn’t the demand from customers for the goods we produce.&rdquo... »

Christmas Shoppers

Retail sales fall for second consecutive month

UK retail sales have fallen for two consecutive months for the first time in 13 years, leaving retailers anxious for better Christmas sales, according to the British Retail Consortium (BRC) Their research found that total sales were down 0.4% in November from a year earlier, following a 0.1%decline in October. It was the first fall in overall sales for two months in a row since the BRC survey was first conducted in 1995. BRC director general Stephen Robertson said: “Retailers will be hoping that customers have been putting off Christmas shopping — not cancelling it. With money tight at the moment shoppers can take advantage of the extraordinary level of deals, offers and promotions. The recent VAT and interest rate cuts may also provide some stimulation.” However, BRC spo... »