Helen Dickinson News

21.03 / 14:49

UPS economy UK consumer confidence steady in March as younger people expect to spend more soon

According to the BRC-Opinium poll, the respondents' perception of the state of the UK economy rose to -35 in March, up from -37 in February, while their personal financial situation improved to -10 in March, compared to -11 a month prior. OECD downgrades UK growth forecast to 1.4% for 2025 On the retail personal spending front, scores rose to 0 in March from -5 in February, with overall personal spending rising from +4 in February to +11 this month. Helen Dickinson, BRC chief executive, said the stabilisation of consumer confidence this month came «coupled with an increase in spend...

20.02 / 12:59

COST NIC economy UK consumer confidence dips in February as worries mount over rising NIC and energy costs

This was a drop from -34 in January and marked the fifth consecutive monthly fall in the UK's economic expectations, according to BRC and Opinium data. At the same time, consumer confidence was almost 40 points down from the latest read back in July. Buoyant January precedes pressure costs for retailers Respondents' take on their personal financial situation dropped from -4 in January to -11 in February, but consumers' personal spending rose from -9 to -5 over the period. Helen Dickinson, chief executive of BRC, said: «People's expectations of the economy reached a new low, havi...

28.01 / 08:45

UPS Food reports Shop price deflation hits 0.7% in January as prices are expected to rise

Non-food products reported significant discounts, with deflation within the sector hitting -1.8% in January, up from -2.4% in December and higher than the three-month average rate of -2%. UK inflation lowers to 2.5% in December Meanwhile, food inflation slid to 1.6% in January, down from 1.8% in December 2024. Similarly, fresh food inflation fell from 1.2% in December to 0.9% this month, while ambient food inflation also edged down from 2.8% to 2.5% in the same period. Helen Dickinson, chief executive of the BRC, said the widespread January sales were «good news bargain hun...

09.01 / 09:15

COST UPS cover Shop prices fall in December amid late Black Friday discounts

The data, which covered the period between 1 and 7 December 2024, was just above the three-month average rate of -0.8%, while shop price annual growth was at its lowest in over three years, since August 2021. Helen Dickinson, chief executive of the BRC, argued that the significant drop in prices came on the back of heavy discounts during Black Friday last year, «as [retailers] attempted to make up for weaker sales earlier in the year». 'Significant price pressures' ahead as retail faces £7bn of additional costs Non-food remained deflationary at -2.4% last month, lower than the -1.8...

29.10 / 09:27

CEO War British Retail Consortium calls for retail business tax break on eve of Autumn Budget

This comes as Shop Price index recorded 0.8% deflation in the first week of October, a slowdown from deflation of 0.6% in the previous month. This was below the three-month average rate of -0.6%, and meant shop price annual growth dropped to its lowest rate since August 2021. «October saw shop prices fall marginally further into deflation for the third consecutive month,» said Helen Dickinson, CEO of the BRC. What to expect at the upcoming Autumn Budget Dickinson added that this was something households would «welcome the continued easing of price inflation». However, she war...

08.10 / 08:07

Food UK retail sales record strongest growth in six months as clothing purchases surge

The 2% year-on-year rise, which followed a 1% increase in August, was above the three-month average growth of 1.2% and the 12-month average growth of 1.1%. Food sales increased 3.1% year-on-year over the three months to September. Non-food sales fell 0.3% over the same period, which the BRC said was better than expected. UK consumer confidence falls sharply ahead of Autumn Budget BRC chief executive Helen Dickinson said shoppers aimed to refresh their wardrobes with coats, boots, and knitwear as autumn rolled around, alongside a last-minute surge in purchases of computers and clot...

27.08 / 17:38

Dash UK shop price inflation falls for the first time since cost-of-living crisis began

This was a 0.2% drop versus the previous month, contributing to a three0month average of 0%, according to data from the British Retail Consortium-NielsenIQ shop price index. Shop price annual growth stayed at its lowest rate since October 2021, with the non-food category driving the lion's share of the slowdown as retailers attempted to shift their summer stock. Hopes of September ECB rate cut dashed as eurozone inflation jumps to 2.6% The non-food category remained in deflation at -1.5% in August, down from -0.9% in the previous month. According to Helen Dickinson, chief execut...

12.07 / 23:30

CEO Food reports UK shop price inflation hits lowest level since October 2021

According to data from the British Retail Consortium and reported by the FT, UK store prices fell 0.2% compared to May, down to the lowest level since October 2021, with both food and non-food items' prices contracting. Food price inflation declined from 3.2% in May to 2.5% in June, with the price fall driven by key products such as butter and coffee, BRC CEO Helen Dickinson argued. Meanwhile, the non-food sector remained in deflation, with prices hitting -1% compared to -0.8% a prior month. Shop price inflation falls to lowest level since November 2021 Mike Watkins, head of r...

02.04 / 10:07

CEO economy Food UK shop price inflation drops to two-year low in March

Shop price annual inflation eased to 1.3% in March, down from 2.5% in February, making it the first figure below 2% in over two years and below the three-month average of 2.2%. Revised GDP figures confirm UK economy fell into a recession last year On a monthly basis, food prices fell by 0.3%, while non-food prices declined 0.4%. Mike Watkins, head of retailer and business insight at NielsenIQ, said a «key driver» of the slowdown was a fall in food prices, but «intense competition» among retailers also contributed. UK consumer confidence stalls in March Helen Dickinson, CEO of...

27.02 / 08:59

COST FIVE Food Fishing beautiful UK food prices fall for the first time in five months

Shop price inflation fell from 2.9% at the start of the year to 2.5% in February, the weakest pace of increase in nearly two years, according to the British Retail Consortium and NielsenIQ's latest shop prices inflation index. Consumer confidence dips for first time in three months Helen Dickinson, chief executive at the British Retail Consortium, said easing input costs for energy and fertiliser had caused the month-on-month declines in the price of fresh food, including meat, fish and fruit. Regarding non-food, she said inflation for furniture, electricals and health and beauty p...

09.01 / 13:52

economics UK kpmg Retail Sales British Retail Consortium UK sales growth dips below average in December

The Christmas period failed to 'make amends for a challenging year of sluggish retail sales growth', as consumers held back spending due to weak confidence.

09.01 / 06:49

COST Provident Entertainment Food wellness Trade performer UK Christmas retail sales disappoint as shoppers pull back

Total sales grew 1.7% in December, compared with almost 7% growth a year earlier, the British Retail Consortium and consultancy KPMG said in a report Tuesday. Sales of non-food items declined over the three months to December, with shoppers particularly avoiding big-ticket purchases such as furniture and homeware. Clothing, jewelry and technology were other gift categories that struggled.

02.01 / 12:04

economics inflation UK British Retail Consortium UK grocery inflation unchanged for December breaking declining trend

Food specific inflation was 2.2% of the total figure and decreased to 6.7% year-on-year, down from 7.8% in November.

05.12 / 14:51

UK kpmg BRC Retail Sales British Retail Consortium Early Black Friday fizzles out with lacklustre November retail sales

Paul Martin, UK head of retail at KPMG, said the 'limping' sales growth so close to Christmas was evidence the cost of living crisis was taking its toll on spending.

31.10 / 09:41

inflation Bank of England UK Interest rates British Retail Consortium Low Food price inflation drops to 15 month low

Overall shop price inflation slowed for the fifth consecutive month to 5.2%, its lowest rate since August 2022. This is likely to bring the headline Consumer Prices Index down from its current level of 6.7%.

10.10 / 08:01

inflation UK kpmg Cost of Living BRC Retail Sales British Retail Consortium UK retail sales UK retail sales growth stunted by higher cost of living

Retail sales growth has been artificially boosted by high inflation over the last two years.

03.10 / 09:23

inflation UK Cost of Living BRC Food Prices Time fall Food prices fall for first time in two years

Lower grocery inflation will be welcomed by households, where budgets remain under pressure.

05.09 / 07:43

UK kpmg food inflation British Retail Consortium UK retail sales UK retail sales up by 4.1% in August

Shoppers remain concerned about the relatively high food inflation, as fewer now believe food prices will get cheaper in the next year. | Credit: iStock

08.08 / 09:17

inflation UK retail growth Summer rain dampens retail demand

Despite the poor weather, IGD’s Shopper Confidence Index increased for the fourth month running, reaching its highest level since December 2021.

01.08 / 14:23

Nielsen inflation UK food inflation Shop price inflation falls to lowest level of 2023

Food price inflation also slowed to its lowest level this year, with falling prices across key staples such as oils, fats, fish, and breakfast cereals.

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