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Wednesday, 12 December, 2001, 14:10 GMT
Christmas cheer for Scots shops
Shoppers in Glasgow
Gloomy predictions have failed to materialise
Scottish retailers have experienced a record month in the run-up to Christmas, according to figures.

Sales for November were up 8% on the same month last year, statistics from the Scottish Retail Consortium and the Royal Bank of Scotland have revealed.

Analysts believe that the downturn in spending on travel following the terrorist attacks on the United States has been diverted into high street sales.

Consumers are also taking advantage of the lowest interest rates for 40 years.

Money in till
Sales are up on last year

Food sales grew at their fastest rate since May as people began stocking up for the festive period, according to the Scottish retail monitor.

There were also strong performances from women's and men's clothing and leisure goods like DVD titles and Playstation 2 games.

The figures follow a 7.9% increase in sales in October.

Spending in Scotland is continuing to lag behind the rest of the UK - although the November figures saw the gap narrow.

Scottish Retail Consortium director Patrick Browne said that rising consumer confidence had been prompted by low interest rates and high levels of employment.

He said: "The retail sales figures for the last two months have been the best ever recorded by the sales monitor over the last three years.


Low prices, a fall in interest rates and a diversion from travel into shopping have all led to a strong growth in sales

Jeremy Peat, Royal Bank of Scotland
"This year's sales performance in the countdown to Christmas is much stronger than that recorded last year and retailers will be optimistic, although not complacent, about sales this Christmas."

He hoped that the trend would continue for the next few months.

Jeremy Peat, group chief economist at the Royal Bank of Scotland, said: "Scotland is heading for a buoyant Christmas trading period which should extend well into the New Year.

"Scottish retail sales continue to go from strength to strength with food sales putting in their best performance since May.

"Low prices, a fall in interest rates and a diversion from travel into shopping have all led to a strong growth in sales."

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 ON THIS STORY
Consumer affairs correspondent Gillian Marles
"For the second month in a row retailers have enjoyed a boom"
See also:

14 Nov 01 | Scotland
Scots shoppers boost retail sales
17 Oct 01 | Scotland
Consumer confidence holds firm
15 Aug 01 | Scotland
Tills jingle despite slowdown
17 Jan 01 | Scotland
Late surge brings sales boost
04 Jan 01 | Business
Shoppers enjoy a bargain Christmas
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