Almost half of high street-based independent retailers have reported a crash in sales compared to last year.
In a new survey by the British Independent Retailers Association (Bira), 46% of independent businesses suffered worse Q2 2025 trading compared to the same period in 2024.
Nearly half (45%) of respondents said Q2 was much or somewhat better than Q1 2025. However, the trade body pointed out this improvement comes from Q1 traditionally including the January sales period, while Q2 ”typically represents quieter trading months”.
Only 13.8% reported a better Q2 2025 than Q2 2024.Retailers cited squeezed household finances as a primary concern, with one respondent noting: “Money appears to be tight for households, everyday costs leave households with very little to play with for extra luxuries.”
Another observed that “good weather was keeping people out of the high street.”
When asked about government priorities for the autumn statement, almost half (47%) of respondents identified business rates reform as the most critical issue requiring attention.
Other priorities included minimising national minimum wage increases, addressing cyber crime and increased government spending on policing.
One retailer warned: “The threat of additional tax rises and the outcome of the budget in the autumn may cause further anxiety by consumers and put pressure on sales in the crucial Christmas period.”
Commenting on the survey, Andrew Goodacre, CEO of Bira, said: “These findings paint a concerning picture of the challenges facing Britain’s independent retailers. With household budgets under pressure and business confidence fragile, our members are facing a perfect storm of rising costs and uncertain consumer demand.
“The government must recognise that independent retailers are the backbone of our high streets and take decisive action to reduce the amount retailers actually pay for business rates, especially as next year many thousands will pay more. Without this support, we risk losing the diverse, vibrant retail landscape that makes our communities special.”
No comments yet