NEWS
BIRA
T
Retailers Association (BIRA) has said recent
Nielsen Shop Price Index are encouraging for retailers.
eased to 2.5% in February, down from 2.9% in January. This is below the 3-month average rate of 3.3%. Shop price annual growth is its its lowest since January 2022. Andrew Goodacre, BIRA CEO, said: “It is encouraging to see further
retailers continuing to discount in order to maintain consumer spending. Chancellor uses his budget on March 6 to do the same. We need a budget also need the Bank of England to adopt a similar approach and start to
Cello Electronics joins BHETA
B
HETA has welcomed its newest member, Cello Electronics (UK) LTD.
The small domestic appliance and
electronics brand, Cello, will launch the Cello Overture Small Domestic Appliance Range at the Commercial director, John Rourke, said: “We welcome the opportunity to join the prestigious launching the Cello Overture range across the UK and
BIRA survey reveals concerns about the future of retail
T
he British Independent Retailers Association (BIRA) has revealed
insights into how traders are feeling about the future of retail, following a slump in Christmas and January sales. OBIRA, who work with over 6,000 independent businesses of all
sizes across the UK, conducted a Retail Sentiment Survey which was sent to members, and its results have been worrying. The survey delved into how Christmas trade and January business performance was for 2023/2024 compared to the previous retailers for the upcoming year.
: • Christmas Trade Insights - 57% of respondents reported that last Christmas was worse than Christmas in 2022. • January Business Performance - 59% of those surveyed indicated that January 2024 has been worse than January 2023.
6 | March/April 2024
Shop owners cited various challenges, with one mentioning Another noted that it was the “Worst Christmas in 15 years based retailers during the holiday season. with one owner sharing that on the Monday before Christmas, they only generated £30 in sales. Others described the month as “very Shop owners pointed to various factors contributing to their
A
re
be more reserved in their spending. challenges they’ve navigated during the festive season and into the new year. At Bira, we are actively engaged in lobbying the government, using this valuable data to underscore the urgent need Our focus is on reinvigorating local spending and creating a vibrant retail landscape. As we eagerly anticipate the Spring Budget, which is just a few days away, we hope it brings forth initiatives that strengthen the backbone of our communities—the independent
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