Scottish retailers highlight sector's 'importance'
Published: 11th Jan 2012 01:23:53
Scottish retailers have launched a report which seeks to highlight the sector's increasing importance to the economy in Scotland.
The Scottish Retail Consortium claimed competition in the sector had led to Scotland's consumers enjoying some of the cheapest prices in Europe.
According to the report, retail remains Scotland's largest private sector employer - supporting 240,000 jobs.
The SRC said about 10% of Scottish businesses were shops.
This figure was slightly higher than the average for the UK as a whole.
The consortium's statistics claimed that retail sales of Scottish food and drink brands across Scotland, England and Wales had increased by 32% since 2007.
It put their combined value in 2011 at £1.85bn.
The SRC also suggested that competition between retailers meant UK consumers enjoyed prices which were about 5% lower than the rest of the Eurozone area.
Scottish Retail Consortium chairman Ken MacKenzie said: "With some of the most challenging market conditions for years, Scottish retailing is at a crossroads yet remains one of our most innovative and enterprising sectors.
"Our new report shows the benefits of a vibrant retail sector are felt by Scottish producers and the tourist trade, among many other business services.
"Even with rising input costs, competition among retailers keeps the price of a basket of goods below the EU average, delivering benefits both for hard-pressed consumers and the rest of the economy."
The consortium called for government to protect the sector and to hold back increasing costs, including taxes.
The Scottish government's health levy on bigger retailers which sell alcohol and tobacco is due to come into force in April.
A Scottish government spokeswoman said: "The public health supplement will affect only a small number of the very largest retailers in Scotland - approximately 240 stores, which represents 0.1% of business premises.
"We have consulted with businesses and retailers on our plans as part of the draft budget and this will continue as we take plans forward.
"It is misleading to speculate how our plans, which will be used towards preventative spend measures, will affect retailers."
Ministers are expected to give further details of the public health levy in the coming weeks.
At 12:58:39 in EnglandA poem about the killing of PC Keith Blakelock during riots in north London was written by the man accused of his murder, a court has heard.
At 12:58:21 in SportKent have announced a pre-interest and pre-tax profit of £156,778 for the financial year to November 2013.
At 12:56:04 in ScotlandA hamster has been found abandoned inside a plastic play tube in Edinburgh.
At 12:55:09 in BusinessThe sometimes fraught relationship between leaseholders and their freeholders is going to be investigated by the Office of Fair Trading (OFT).
At 12:54:04 in HeadlinesIndia's Supreme Court has ordered the continuing detention of businessman Subrata Roy and asked his firm to come up with a plan to repay its investors.
At 12:53:21 in SportCrystal Palace winger Jason Puncheon has been fined £15,000 by the Football Association and warned about his future conduct for Twitter comments he made in relation to former boss Neil Warnock.
At 12:52:43 in HeadlinesA second witness at the murder trial of South African athlete Oscar Pistorius has told a court in the capital Pretoria she was awoken by the sounds of a fight early on 14 February 2013.
At 12:42:01 in PoliticsThere is a risk that "deliberate provocation" could give rise to a dangerous incident in Ukraine, Foreign Secretary William Hague has warned.
At 12:41:48 in EnglandA residential treatment programme for addicts which closed in Yeovil is to reopen after the charity running it merged with another organisation.
At 12:40:03 in ScotlandPolice Scotland has exceeded its target to recruit 1,000 additional officers.
Harvard CitationBBC News, 2012. Scottish retailers highlight sector's 'importance' [Online] (Updated 11th Jan 2012)
Available at: http://www.ukwirednews.com/news/216761/Scottish-retailers-highlight-sectors-importance [Accessed 10th Mar 2014]
News In Other Categories
Fawlty Towers star Prunella Scales has "a sort of mild Alzheimer's", her husband Tim West has revealed in the Radio Times.
India's Supreme Court has ordered the continuing detention of businessman Subrata Roy and asked his firm to come up with a plan to repay its investors.
There is a risk that "deliberate provocation" could give rise to a dangerous incident in Ukraine, Foreign Secretary William Hague has warned.
The sometimes fraught relationship between leaseholders and their freeholders is going to be investigated by the Office of Fair Trading (OFT).
The law needs to be changed to stop ticket touts overcharging fans ahead of the Rugby World Cup, an MP has said.
Apple has unveiled its new iPhone technology for cars at the Geneva Motor Show.