Retail Market Overview by Dr Mark Robertson
Consumer expenditure is faltering as high price inflation and low wage growth are compounded by weak employment growth and an overhang of personal debt. Like-for-like retail sales in Scotland fell by 2.1% in the 12 months to November 2011*. Food sales improved marginally, but non-food sales fell across clothing & footwear, homewares and furniture. More.
* Source: SRC/KPMG Scottish Retail Sales Monitor
