- Disney Villains
- The Mandalorian
- Protection Gear
- Women Special occasion Dresses
- Women Dresses
- Men Printed T-Shirts and Tees
- Women clutch bags
- Winter Wear
- Winter wear Jackets
- Bath Mat
- Bath Towels
- Beach Towels
- Duvet Covers
- Pillow Shams
- Shower Curtains
- Home Decor (Tapestries – Curtains – Pillows)
- Disney's Mulan
- Marvel Captain America
- Rainbow Brite
- Mickey Mouse and Friends
- Harry Potter
- Jungle Book
- Lion King
- Justice league
- Minnie and Friends
- Pirates of Carribean
- Richie Rich
- Tom and Jerry
- Toy Story 4
- Wonder Women
- Aswebman Designs
- Sports – Ali
- Teespring askwebman store
Woocommerce Category Post Widget
Retail sales failed to bounce back last month from a drop in August as Brexit uncertainty deterred shoppers from splashing out on big ticket items.
The volume of sales was flat and the value down by 0.2% in September with a further slump in department store sales offsetting a modest rise in clothing and supermarket food purchases, according to the Office for National Statistics.
Drivers also cut back on buying fuel while online shoppers reined in their spending, possibly keeping their powder dry for Black Friday at the end of November.
But it was the dearth of spending on furniture and white goods that meant retail sales stagnated last month following a drop in the volume of goods bought in August.
Ruth Gregory, a UK economist at the consultancy Capital Economics, said there was little evidence of shoppers stockpiling goods ahead of a possible no-deal Brexit on 31 October.
“September’s retail sales figures were perhaps a bit of a relief given the intense Brexit uncertainty, but were hardly a picture of strength,” she said.
Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, said there was still some momentum in consumers’ spending, which would provide some support for GDP growth while many other parts of the economy are either stagnant or in decline.
“Looking ahead, slowdowns in both employment and wage growth look set to hinder growth in spending. Nonetheless, consumers’ confidence is stable at its long-run average, CPI inflation is low, and growth in unsecured credit now has stabilised at a sustainable rate.
“Falling mortgage rates also are supporting house prices and releasing more income for households to spend on discretionary purchases.
“In addition, fiscal policy looks set to boost disposable incomes in 2020, whichever party is in power. Accordingly, we still think that households can be relied upon to keep the economy growing at close to its trend rate over the coming quarters, even if the Brexit saga carries on.”
Philipp Gutzwiller, the head of retail at Lloyds Bank’s commercial arm, said: “The third quarter has been challenging for many retailers, particularly those focused on larger discretionary spend items such as household furnishings and white goods, where families seem to be pausing spending until the horizon is a little clearer.
Earlier this month, figures from the British Retail Consortium showed the number of shoppers heading to UK high streets, retail parks and shopping centres had fallen by 10% in the last seven years after a fall of 1.7% in footfall last month compared with the same month last year.