Store Closure

BRC calls for two-year freeze on business rates

The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…

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UK online retail sales see 13.9 percent YoY growth

UK online retail sales were up 13.9 percent year-on-year (YoY) in January, according to the latest figures from the IMRG Capgemini e-Retail Sales Index. With rainfall above average in January, and the lowest January high street footfall recorded in five years, consumers turned to online shopping in the beginning of…

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Shop closures at lowest level in five years

The rate of store closures in the UK fell from 16 closures per day in 2014 to 14 closures per day in 2015, claims a new report. According to PwC analysis compiled by the Local Data Company (LDC), 5,138 outlets closed in 2015 compared to 4,640 openings, equating to a…

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UK retail could lose 900,000 jobs by 2025

There may be as many as 900,000 fewer jobs in retail by 2025, according to a new report published by the British Retail Consortium (BRC). Although there may be less jobs it is thought those that remain will be higher earning and more productive. The reports also suggest that store…

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Retail business running costs up £20bn since 2006

A British Retail Consortium (BRC) commissioned study by Oxford Economics has revealed that retailers’ operating costs have increased by a fifth since 2006. BRC’s new pre-budget research has seen the association call on the Chancellor, George Osborne, to maintain retailers’ contribution to the country by reducing business costs and re-building…

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