Scottish Retail Consortium news and archive

Scottish government to freeze business rates at 2022 levels

As part of its Budget for 2023 to 2024, the Scottish government has made the decision to freeze business rates at 2022 levels. According to its announcement, non-domestic property rates will stay at 49.8 pounds for basic rates, 51.1 pounds for intermediate rates and 52.4 pounds for higher rates. Deputy first minister John Swinney said the move...

Retail

Scottish retailers call for reform and support

Scottish Retail Consortium is warning that the ongoing coronavirus pandemic will accelerate job losses, as it calls for a national retail strategy to support the sector ahead of the Scottish Parliament elections on May 6. The trade body has published a 34-page manifesto where it reports that around 13,000 jobs were lost from the industry between...

Retail

Scottish retail sales decline

The value of Scottish retail sales fell 0.3 percent in the final quarter of 2015, and by 0.9 percent annually, according to the latest Retail Sales Index for Scotland. This is in contrast to the value of retail sales in Great Britain increasing by 0.1 percent in volume during the fourth quarter of 2015, and by 0.1 percent annually. In terms of...

Retail

Scottish retailers suffer tough start to the new year

Scottish retailers have had a “difficult start” to 2015, according to figures published by the Scottish Retail Consortium and KPMG Scottish Retail Sales Monitor, which showed that total sales in January fell by 2.3 percent, compared with January 2014. Total retail like-for-likes were down 3.1 percent, while non-food sales fell 3 percent, with...

Design

Scottish Retail Consortium appoints new director

The Scottish Retail Consortium has appointed David Lonsdale as its new director, replacing Fiona Moriarty who is leaving the SRC after more than ten years to set up her own consultancy. Lonsdale who is currently assistant director at Confederation of British Industry in Scotland, is expected to start with SRC in January 2014, and will be...

Design

Scottish retail sales fall in February

High-street stores have suffered ‘another disappointing month’, with sales down again in February in Scotland. Figures released by the Scottish Retail Consortium showed that retailers saw a drop of 0.6 per cent in total sales on February last year. Even though the fall wasn’t as much as in previous months, Scottish retailers had the biggest fall...

Design

Scottish retail 'worst on record' sales

November retail sales in Scotland fell at their fastest rate since the Scottish Retail Consortium began compiling the sales figures 12 years ago. The Scottish Retail Consortium said total sales in November were 1.3% down on November 2010, when they had increased 3.4%. Like-for-like sales were 2.1% lower than a year ago, the worst since August...