Connect with us

Glam Black

Glam black street fashion Heavy discounting raises Scottish high street sales


Street Fashion

Glam black street fashion Heavy discounting raises Scottish high street sales

Image copyright Getty Images Heavy discounting on winter coats and sturdy footwear lifted sales on Scotland’s high streets last month, according to a closely-watched survey.The SRC-KPMG sales monitor found total sales were up by 1% year-on-year in October.Food sales rose by 2.5%, while non-food sales fell by 0.2%.Adjusted for the estimated effect of online sales,…

Glam black street fashion Heavy discounting raises Scottish high street sales

Glam black street fashion

glam black street fashion Sale sign in shop window

Image copyright
Getty Images

Heavy discounting on winter season coats and strong footwear raised sales on Scotland’s high streets last month, according to a closely-watched study.

The SRC-KPMG sales monitor found total sales were up by 1%year-on-year in October.

Food sales rose by 2.5%, while non-food sales fell by 0.2%.

Adjusted for the approximated result of online sales, non-food was up by 1.7%- the best efficiency considering that January, leaving out Easter “distortions”.

The Scottish Retail Consortium (SRC) said the “sprightly” set of results revealed “a more broadly based pick-up in need” throughout retail sub-sectors.

Style blazed a trail in the non-food classification, followed by beds, home textiles, kitchenware, cellphones and televisions.

Image copyright
Getty Images

Image caption

SRC recommended sellers utilized “eager prices and promotions” to drive footfall.

SRC director David Lonsdale said merchants had utilized “eager rates and promotions” to drive tramp and need, especially on winter season coats and much heavier footwear.

Nevertheless, he alerted that if consumers continued to claim high discount rates, it would put “severe pressure on merchants’ already-thin earnings margins”.

Glam black street fashion ‘ Golden quarter’

Mr Lonsdale added: “Overall these figures strike a more positive note at the start of the important ‘golden quarter’ trading duration that leads up to Christmas.

” Nevertheless, a huge question stays over the future direction of customer costs.

” The coming weeks and months will be controlled by the general election, Brexit and UK and Scottish budget plans.

Real Life. Real News. Real Voices

Help us tell more of the stories that matter

Become a founding member

” Merchants will be hoping policy-makers keep consumer confidence and home disposable incomes uppermost in their minds.”

Paul Martin, UK head of retail for KPMG, said: “After an especially challenging and prolonged period of unpredictability, the current figures offer some peace of mind and self-confidence.

” The next couple of months will be important for Scotland’s high streets, as consumers prepare for the festive spending duration.

” A collective effort from sellers has laid the structures for a positive quarter.”

Check Out More

Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Topics

Popular Content

To Top