Scottish retail takings falter
Scottish high street takings continued to fall last month, though the decline was less than in September, an industry survey today indicated.
The latest snapshot from the Scottish Retail Consortium (SRC) and KPMG revealed total sales fell by 1.2 per cent in October, compared with a year earlier. Food sales suffered a sharp decline, while the non-food category was largely flat.
SRC director David Lonsdale said: “The total value of retail sales edged down again in October, but at a far more modest rate than in the previous month. Looking forward, retailers will be heartened growth in average pay is now outstripping inflation for the first time in five years.” Clothing sales were said to be “sluggish”.
SUBSCRIBE TO THE SCOTSMAN’S BUSINESS BRIEFING