British Retail Consortium
The British Retail Consortium (BRC) plays a key role in supporting the UK retail sector, including jewellers, through advocacy, policy development, and industry standards. For jewellery trade professionals, understanding BRC initiatives helps navigate regulatory changes, consumer trends, and challenges facing the wider retail landscape. Jewellery Focus provides coverage on BRC updates, reports, campaigns, and insights into how its work impacts jewellers, suppliers, and stakeholders across the industry.
-
Jun- 2024 -4 JuneRetailers
UK sales slightly increase by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. This was above the 3-month average growth of 0.3% and below the 12-month average growth of 2.0%. Food sales increased 3.6% year on year over the three months to May,…
Read More » -
Apr- 2024 -30 AprilEconomy
Shop Price annual inflation falls to 0.8% in April
Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs of normalising”, according to the latest figures from the BRC-Nielsen Index. Non-Food entered deflation at -0.6% in April, down from 0.2% in the preceding month. This is below the three-month…
Read More » -
Feb- 2024 -7 FebruaryEconomy
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with a growth of 4.2% in January 2023, according to data from the British Retail Consortium (BRC). This was above the three-month average growth of 1.9% and below the 12-month average…
Read More » -
Aug- 2023 -8 AugustEconomy
Retail sales growth slows in July amid heavy rain
The UK’s total retail sales increased by 1.5% in the four weeks to 29 July, against the 2.3% growth experienced in the same month last year. This was below the three-month average growth of 3.5% and the 12-month average growth of 3.9%, according to BRC data. This lacklustre growth in…
Read More » -
Feb- 2023 -6 FebruaryNews
Trade bodies urge Govt to reform ‘broken’ apprenticeship levy
Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the “broken” apprenticeship levy system, as so far, £3.5bn has reportedly expired before businesses could make use of it. This call on the government comes as businesses were also unable to meet…
Read More » -
Jan- 2023 -27 JanuaryRetailers
Vacancy rates improve to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
Read More » -
10 JanuaryRetailers
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior increase of 2.1% in December 2021. These figures are said to be above both the three-month average growth of 4.4% and the 12-month average growth of 3.1%. Meanwhile, the UK’s…
Read More » -
Oct- 2022 -28 OctoberRetailers
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and 0.6% better than the same period last year, according to the latest monitor from the BRC and Local Data Company. This was the fourth consecutive quarter of falling vacancy rates.…
Read More » -
11 OctoberRetailers
Retail sales rise 2.2% in September
The British Retail Consortium (BRC) Sales Monitor reports that, on a total basis, sales increased by 2.2% in September, against an increase of 0.6% in September 2021. According to the BRC, the UK retail sales also increased 1.8% on a like-for-like basis from September 2021, when they had reportedly decreased…
Read More » -
Sep- 2022 -21 SeptemberFeatures
What will happen to luxury spending this winter?
Revenues in the jewellery industry have amounted to $4.03bn (£3.53bn) in 2022, with the market expected to grow annually by 5.6%, according to Statista. The global jewellery market size is expected to reach $518.9bn (£454.87bn) by 2030 and expand at a CAGR of 8.5% from 2022 to 2030, a report…
Read More »
