Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

"Formidable" challenges ahead for Scottish retailers

Scotland’s retailers will face “formidable challenges” throughout 2017, the Scottish Retail Consortium (SRC) has warned.

Director David Lonsdale argued rising inflation and council taxes are likely to hit consumer spending and said retailers will have to continue to “grapple with a hotchpotch of government imposed cost pressures.”

“This is set to continue into early 2017 when employers of scale start forking out for the apprenticeship levy. This reinforces the need for government at every level to work more effectively with the retail industry to help it keep down the cost of living for consumers and to help it thrive and prosper.”

He also called for a “more coherent approach towards policy-making” in 2017.

Many retailers are already bracing themselves for a tough new year as the end of currency hedges coincides with revalued business rates and the ongoing impact of increased costs, including the living wage.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.