Scotland is lagging behind the UK as a whole in the number of shoppers being attracted to retail outlets, according to a new report. Scottish Retail Consortium says that February’s total retail footfall was down 2.5% in Scotland compared to last year, while the UK as a whole managed an average increase of 0.8% over the same period.
Only North England and Yorkshire (down 2.7%) fared worse than Scotland in the survey, and Scottish Retail Consortium director Fiona Moriarty believes that the disappointing Scottish figures reflect low levels of consumer confidence and lower levels of sales growth.
“Although February’s sales figures showed some encouraging signs of improvement, we are reminded that the economic and trading environment remains fragile,” she said. “Scottish retailers will be hoping that the arrival of spring and seasonal lifts from Mother’s Day and Easter help to elevate this underwhelming figure into more positive territory in the coming months.”
The report confirms the tough conditions faced by retailers across the country. Recent research by PwC and the Local Data Company revealed that the number of stores closed by retail chains soared over the past twelve months, with major chains shutting an average of twenty shops a day last year. That figure increased in the last three months of 2012 as a spate of big household names went into administration.
The face of the High Street is changing – shops selling products like CDs and computer games, cards and clothes are closing, often being replaced by payday loan providers, pawnbrokers and pound stores. The PwC survey found a reduction of nearly 1,800 shops over 2012, a ten-fold increase on the year before – and more High Street chains fell into insolvency last year than ever before.
Latest figures estimate that as many as one in ten shops in Scotland is currently lying empty; just one more statistic for the Chancellor to consider as he puts the finishing touches to tomorrow’s Budget statement.
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