Scotmid warns of post-Brexit challenges for retail



Co-operative retailer Scotmid today warned of tough times ahead amid rising wage costs and the fallout from the Brexit vote.
The alert came as the Edinburgh-based group, which dates back to 1859, reported flat trading profits of £2 million for the half year ending 30 July, on turnover 2 per cent higher at £185.5m.
Scotmid said the rise in sales came despite a “sluggish” retail market in Scotland and a period of “considerable uncertainty” following the UK’s vote to leave the European Union.
“As well as the general uncertainties caused by the Brexit referendum, Scotmid’s retail businesses... read more

 
29 September 2016 in Business, Views: 32
Source: Scotsman
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