Wet June stagnates Scottish retail
By FashionUnited
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The unseasonably wet weather in June has been blamed for stagnation
in Scottish retail sales as figures released by the Scottish Retail Consortium and KPMG show zero growth in like-for-like sales in the month.While total sales in June were 1.2% up on June 2011, like-for-like sales did not grow at all but were still better than June last year when they fell by 1.8%. The June figures marked the fifteenth month in a row that UK sales growth exceeded that in Scotland, said the SRC.
Richard Lim, an economist with SRC, said: "June's prolonged wet weather has caused Scottish retail to stagnate. Consumers remain cautious about their personal finances and lower temperatures have cooled demand for summer fashions and outdoor leisure goods. With shops full of seasonal stock, retailers are hoping a possible Indian summer delivers some salvation.
June stagnation
Richard Lim
Scottish retail sales