Recent sunny weather in Scotland has seen shoppers hitting the high street although not in the kind of numbers that the region needs. A meagre increase of 0.1% for total sales in May, compared to the same period last year, were undone by like for like sales which were down by 1.2%. These figures exclude new store sales and other factors to leave a figure which can be directly compared to previous year figures.
Scottish retail spending has been some way behind UK figures for over a year now with May proving to be the 14th consecutive month in which the UK figures outstripped those from Scotland.UK growth was 3.4% for the same period. The figures show that consumers are still wary about spending money while many simply do not have the cash to spend.
If you run your own retail business then you should ensure that you have adequate shop insurance protection in place. The right policy can help reduce the financial impact caused a by a number of factors such as theft and natural disasters. You can include public and employer’s liability insurance as well as a large range of options policy extras. Call the Business Octopus today on 0161 968 2041 for a retail insurance quote and to have any of your queries answered by a friendly and knowledgeable member of the team.