This ad will be closed automatically in X seconds.

Bira On Why The Chancellor Needs to Restore Consumer Confidence

The news that the Body Shop – recently bought  from private equity firm Aurelius – has appointed administrators is a move which is likely to see shop closures and job losses, with the British Independent Retailers Association (Bira) stating that the government needs to do more to protect the high street.

Above: Bira’s ceo Andrew Goodacre.
Above: Bira’s ceo Andrew Goodacre.

“The economy needs growth to restore consumer confidence and keep the high street alive,” says Bira’s ceo Andrew Goodacre. “It seems that we hear about the demise of a national retailer every few month – this time it is The Body Shop. A stalwart of the high street, it is sad news, and we hope that the employees and franchisees are looked after while the future of the chain is decided.”

He adds that, since the cost of living crisis started in 2022, life on the high street has been very difficult for retailers large and small. “Shoppers have felt inclined to spend less on so-called non-essential items and official retail sales figures are showing decline in sales volumes. The loss of The Body Shop should serve as a reminder to the Chancellor that he should use his upcoming Budget to restore consumer confidence by focusing on economic stability and growth. High streets and local shops are vital to communities everywhere and more needs to be done to help them through these very challenging times.”

The Body Shop was set up in 1967 by the late Dame Anita Roddick. It has changed hands three times since it was sold by the founder in 2006. It is believed to employ 10,000 people, operating in around 3,000 stores in over 70 countries.

Top: Bira says that the government needs to do more to protect the high street and restore consumer confidence.

MORE NEWS
The Gift Awards
 
Mike will be strutting his stuff with RockStock, alongside PR Home’s Andrew Poulston, and The Alarm’s Eddie Macdonald...
Louise Welsby
 
Founder Louise Welsby - chair of The Giftware Association - and her team will be raising money for The Brain Tumour Charity in honour of Louise’s mum...
MyShopLife_24
 
“This is a great way to shout about your shop, meet other shopkeepers, and sell and reach a new audience of shoppers who love independent stores.”...
Source
 
The July show will be presenting over 350 makers and manufacturers, with more than 25 countries represented from key sourcing regions...
LittleBeauSheep
 
Glencroft’s Clapdale Wool and Little Beau Sheep partner for a limited edition range that includes a felted soap collection...
Easter_24
 
The British Retail Consortium (BRC) reported that retail sales increased at an annual rate of 3.5% last month...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.