June 12, 2013

Scottish retail sales record slow, but steady progress in May 2013

Retail sales in Scotland have reported slow, but steady increase by 0.8% for the month of May 2013, as compared with 0.1% growth in the same month in 2012.

By admin-demo

Retail sales in Scotland have reported slow, but steady increase by 0.8% for the month of May 2013, as compared with 0.1% growth in the same month in 2012.

Total sales were up by 0.9% upon considering 0.1% shop price deflation.

Like-for-like sales, however, dropped by 0.5% as against decrease of 1.2% in May 2012.

Sales from food products increased by 1.5% for the month of May 2013, while they increased by 3.8% in the previous year period.

Non-food category has registered growth of 0.2% during the month, most of which are said to be attributable to other non-food products excluding fashion category.

In May 2012, the same was down by 3.4%.

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Scottish Retail Consortium (SRC) director Fiona Moriarty stated that the growth in retail sales reflect recovery of consumer confidence in Scotland.

"Customers remain price-conscious, but the signs are that they entered May a little more willing to spend, especially on value ranges," added Moriarty.

"Retailers read the shifting public mood well and offered well-timed and targeted promotions to draw in shoppers on the look-out for a good deal. This was one of the key factors behind non-food excluding fashion posting its strongest result in 20 months excluding Christmas."

SRC, meanwhile, warned of unstable conditions, although May witnessed favourable weather.

In addition, the volatile weather conditions have hampered demand for fashion category that initially saw surge in demand for spring and summer ranges.

"These are slow but steady figures which will prompt mixed feelings from Scottish retailers. While the gap has widened again with the UK, the result is up on the 12 month average of 0.3 per cent. Retailers will be hoping that this tentative boost gathers momentum as we head into the summer," concluded Moriarty.