Huge gains for food retail sales

Headshot of David Lonsdale director of the SRC.

SCOTTISH food sales hit double-digit growth in August, according to the latest figures from the Scottish Retail Consortium.

The SRC-KPMG retail sales monitor covering the four-week period to 27 August revealed that total food sales increased 10.3% compared to August 2021.

Food led the way in a month that also saw total retail sales rise by 6.2% compared to the previous year.

David Lonsdale, director of the SRC, said: “The value of retail sales in Scotland edged up in August, even when adjusted for shop prices being at a record high.

“Growth was seen in both food and the more discretionary non-food categories, albeit the latter slowed somewhat.”

Paul Martin, partner and UK head of retail at KPMG, said a warm Scottish summer combined with rising prices was a key driver of sales growth. He added that KPMG expects households to tighten budgets over the coming months.