Retail

Scottish retail sales saw a welcome return to growth in August, providing a much-needed boost for the sector after a lacklustre few months.

Scottish retail footfall fell for the fourth consecutive month in August, sparking nervousness among retailers as they approach the critical "golden quarter" trading period.

The Scottish Retail Consortium (SRC) has voiced concerns after the publication of the latest Recorded Crime in Scotland statistics which show a 17% rise in shop thefts over the past year, to over 47,000 incidents. David Lonsdale, director of the Scottish Retail Consortium, said: “It&rsquo

Scottish retail sales fell by 0.5% in real terms last month as growing economic uncertainty prompted consumers to reduce their spending.

Scottish high streets saw shopper numbers fall again in July, with footfall dropping by 1.3% year-on-year.

Retailers are warning that UK government tax policies are driving up prices and threatening jobs, a new survey from the British Retail Consortium (BRC) has revealed.

Scottish retail sales saw a significant upturn in April, with total sales increasing by 4.5% compared to the same period in 2024.

UK real estate investment firm Praxis has completed the acquisition of Glasgow's St Enoch Shopping Centre, in a deal estimated to be worth £50m. The 12-acre site occupies a prime location at the intersection of Buchanan Street and Argyle Street, adjacent to Glasgow Central Train Station. The s

Aberdeen shopping centre and leisure complex Union Square is set to change ownership in an investment deal worth £111 million. The deal has been sealed by UK-listed retail property giant Hammerson, with completion expected by the end of the first quarter of 2024.

There has been a 2.7% decrease in Scottish retail footfall, slightly better than the UK average of 2.8% year-on-year during the period of 31 December 2023 to 27 January 2024, the latest SRC-Sensormatic IQ data reveals.

Rental payments based on takings may become more common as retailers adapt to the changing high street in today's challenging economy, a lawyer has suggested. Martin Bennett, a director in Scottish legal firm Lindsays' commercial property team, says the option is one available in negotiations as sho

The Office for National Statistics (ONS) has reported a fall in retails sales volume of 1.6% for August continuing a downward trend since summer 2021 and significantly worse than expectations. This follows the lifting of restrictions on hospitality which has likely caused a shift in where consu

The number of shops closing their doors across Scotland’s high streets is accelerating, according to PwC, with more than five stores per week being lost in main shopping destinations in the first six months of the year - though the rate of new openings is also increasing.