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
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