ONS retail stats – Barclays comment

Published

25th October 2021

Euan Murray, relationship director and retail sector expert at Barclays Corporate Banking, Scotland has commented on today’s ONS Retail Sales figures. He said:

“Retail sales may have fallen again slightly last month but volumes are still over 4% higher than their pre-pandemic levels of February last year and we can expect to see a return to some kind of normality over the next few months. Whilst the mild autumn temperature during most of September had the Scottish public heading for days out and more dining out, it does not appear to have had the same effect on consumer outdoor shopping intentions though their confidence to continue spending saw online shopping hold its own as expected.

“Looking ahead, retail sales should regather some momentum, particularly in clothing, as more people return to office and the winter weather sets in. Unlike last year, consumers will actually need a winter wardrobe. 

“And, as households look to entertain the extended family and friends once again this Christmas, we can expect refreshing of home interiors and a reversal of last month’s fall in sales of household goods. There are clearly pressing challenges for the sector which will have to remain flexible in its response to ongoing supply chain issues and inflationary pressures.”

Barclays Bank

Barclays Bank PLC is a high street bank with branches throughout the UK. They offer many services including personal banking, loans and advice when purchasing a home or a car.

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