Tag: retailers
Retailers warn of higher prices in 2025 and urge ministers to ease tax burden
Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year UK retailers have urged ministers to ease their tax burden as they said that the cost of food and other items will rise sharply throughout the year as companies grapple with higher employment costs. Food prices…
Food prices ‘not going anywhere but up’, say retailers
There is “little hope” of food prices “going anywhere but up” in the second half of 2025 due to changes announced in the Budget, a retail lobby group has warned. The costs of higher wages and National Insurance tax changes coming in April will be passed on to consumers, the British Retail Consortium (BRC) said.…
December sales provide little cheer for retailers
Shoppers spent more in December compared with the year before but it wasn’t enough to make up for an overall lacklustre year for retailers, new figures suggest. Doing particularly well over Christmas were gifts including beauty advent calendars, jewellery and AI-enabled tech, the British Retail Consortium (BRC) said. December’s growth of 3.2% was boosted by…
UK retailers may have to cut thousands of jobs after bleak Christmas
British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise Britain’s largest retailers are warning they could be forced to cut thousands of jobs this year as the industry braces for higher taxes and employment costs after a bleak Christmas shopping season. In the latest sign of tough trading…