‘Concern’ for retailers ahead of Christmas as sales and shopper confidence fall
A closely-watched barometer of consumer confidence is warning of “concern” for retailers ahead of Christmas, as official figures for September show a steep fall in sales.
GfK’s latest Consumer Confidence Index suggested that the willingness of shoppers to spend, particularly on big-ticket items, had plunged since the end of the summer.
The authors reported that households were firmly focused on the evolving cost of living crisis, with every measure declining on the previous month including that for confidence in personal finances over the next 12 months.
The findings were released as the Office for National Statistics (ONS) revealed that total retail sales volumes fell by a much worse than expected 0.9%% last month compared to August, when growth had rebounded following a wet July.
Economists polled by the Reuters news agency had forecast a 0.2% decline.
When fuel sales were stripped out, sales were 0.4% down.
Please use Chrome browser for a more accessible video player
Face ID tech to tackle shoplifters
ONS chief economist Grant Fitzner said: “Retail sales fell notably in September with retailers telling us that cost of living pressures are influencing consumers, particularly for sales of non-essential goods.
“It was a poor month for clothing stores as the warm autumnal conditions reduced sales of colder weather gear.
“However, September’s unseasonable warmth did help drive up food sales a little, and fuel sales rebounded from last month’s fall.”
Outlining GfK’s findings Joe Staton, the company’s client strategy director, said: “UK consumer confidence has fallen nine points this month to -30 and takes us back to where we were in July this year.
“This sharp fall underlines that the cost of living crisis, and simply not having enough money to make ends meet, are still exerting acute pressure for many consumers.
“The fierce headwinds of meeting the accelerating costs of heating our homes, filling our petrol tanks, coping with surging mortgage and rental rates, a slowing jobs market and now the uncertainties posed by conflict in the Middle East, are all contributing to this growing unease.
“The timing of the sharp drop in our major purchase measure – down 14 points – will concern retailers across the land in the run-up to Christmas.”
On the future, he added: “The volatility we are seeing in consumer confidence is a sure sign of a depressed economic mood and there’s no immediate prospect of any improvement.”
The prospect of another tough battle for Christmas sales on the high street poses a risk not just to them at a time of heightened costs but also to the country’s flatlining economy.
Household consumption accounts for more than 60% of total output.
Recent forecasts, such as those produced by the Bank of England and International Monetary Fund, have not foreseen a recession ahead but all expect only meagre growth for this year and 2024 given the impact on demand from inflation and rising interest rates.
Financial markets currently see an 80% chance that there will be no interest rate hike at the Bank’s next meeting, due on 2 November, because of further signals its action to date is having an effect on the pace of price increases.
Read more from Sky News:
UK state borrowing costs near a 15-year high
Netflix hikes UK prices – and reveals impact of password sharing ban
Data this week suggested that wage growth was starting to ease back from record levels with core inflation, which strips out volatile elements such as food and energy costs, also slowing.
Another school of thought pointed to households holding on to their money ahead of a Christmas splurge.
Deann Evans, managing director for Europe at ecommerce platform Shopify, said: “The latest ONS figures suggest that British retail sales are beginning to slow after a strong end to the summer… but (our) data indicates that consumers are using these months tactically to save in preparation for spending during the holiday season.
“In fact, over half (53%) of UK shoppers have been putting aside more money each month than they have in previous years.”
Fresh appeals have been made for information on what would have been the 20th birthday of Ellis Cox, who was shot dead in Liverpool last June.
A number of people have been arrested in connection with the murder at Liver Industrial Estate, but no one has been charged yet.
The 19-year-old’s family and police have paid tribute to him and called for those with information to come forward.
He was shot in the back after a confrontation between his friends and another group of up to three males on Sunday 23 June.
Ellis Cox who was shot dead in June 2024. Pic: Merseyside Police
His mother Carolyn paid tribute in an appeal to coincide with what would have been his 20th birthday.
“He was so kind… so laid back, so calm, so mature for his age. And he was just funny. Very funny.
“He was my baby… no mum should have to bury a child. He was my life. And I don’t know what to do without him.”
Mum Carolyn Cox (left) and aunt Julie O’Toole (right) are looking for answers
Meanwhile, his aunt Julie O’Toole said he was “the sort of person I think you’d be hard pressed to find anyone to say anything negative about. He was loyal, fiercely loyal… everything was about his family”.
To pay tribute to Ellis, Liverpool City Council will be lighting up the Cunard Building and Liverpool Town Hall in orange on Saturday.
DCI Steve McGrath does not believe Ellis was involved in criminality
Detective Chief Inspector Steve McGrath, the senior investigating officer, spoke about the information gathered so far, six months on from Mr Cox’s murder.
“I’m satisfied that the group that he was with was probably the target… and I would say that’s got something in relation to do with localised drug dealing in that area. But Ellis had no involvement in that whatsoever,” he said.
He added that police are looking for “really significant pieces of evidence now”, including “trying to recover the firearm that was used in relation to this, looking to recover the bikes that were used by the offenders”.
Read more from Sky News:
The Commons venue that changed political history
Link between A&E waiting times and chance of death
Missing sisters made earlier visit to same bridge
Mrs Cox also appealed for people to come forward with information.
“If you know anything, don’t let us get to [his] next birthday and still know nothing.
“We need to get justice for Ellis. And we need to get the people who took him from us off the streets.”
UK
Reward of £20,000 offered to identify parents of three siblings abandoned as babies over eight years
A £20,000 reward is being offered for information that leads to the identification of the parents of three siblings found abandoned in London over eight years.
The Metropolitan Police said that despite more than 450 hours of CCTV being reviewed, the parents of the three children, known as Elsa, Roman and Harry, remain unidentified.
However, it is believed their mother has lived in an area of east London “over the past six years”.
Elsa was believed to be less than an hour old when she was found by a dog walker on 18 January last year, in East Ham, east London.
In the months that followed it was found that she had two siblings who were also abandoned in similar circumstances, in the same area of London, in 2017 and 2019.
On Saturday, police said the independent group Crimestoppers had offered a £20,000 reward for information passed to the charity, which will expire on 18 April.
Detective Inspector Jamie Humm, of the Met’s child abuse investigation team, said: “We have carried out extensive inquiries over the past year to try and locate Elsa’s parents.
Baby Roman. Pic: Met Police/PA
Read more from Sky News:
The Commons venue that changed political history
Link between A&E waiting times and chance of death
Missing sisters made earlier visit to same bridge
“This has involved reviewing over 450 hours of CCTV and completing a full DNA structure of the mother.
“We have serious concerns for the wellbeing of the parents, especially the mother, and are continuing to work closely with Newham Council and appeal for the public’s help for information.
“I believe that someone in the area will have been aware of the mother’s pregnancies and that within the community there may be (or) have been concerns for this mother’s welfare.
“Thanks to the DNA work of forensic colleagues, police will be able to eliminate any unconnected person quickly and easily, as such I would ask you to contact police with confidence.”
The baby was found at the junction of Greenway and High Street South in Newham. Pic: PA
Elsa was found wrapped in a towel in a reusable shopping bag, of which police have also released a new image, and was kept warm by the dog walker. She was uninjured.
Police said at the time that it was “highly likely” that she was born after a “concealed pregnancy”.
The Boots bag in which Baby Elsa was found abandoned by a dog walker in Newham on 18 January 2024. Pic: Met Police/PA
The BBC reported that at an initial court hearing, East London Family Court was told it took doctors three hours to record Elsa’s temperature because of the cold, and the Met Office said that temperatures dropped to as low as -4C on the night she was found.
Hospital staff named her Elsa in a reference to the character from the film Frozen.
The police investigation into the identity of the children’s parents continues, and anyone with information is asked to call police on 101 or post @MetCC ref Operation Wolcott.
People can also contact Crimestoppers anonymously at any time on 0800 555 111 or via Crimestoppers-uk.org.
Fresh appeals have been made for information on what would have been the 20th birthday of Ellis Cox, who was shot dead in Liverpool last June.
A number of people have been arrested in connection with the murder at Liver Industrial Estate, but no one has been charged yet.
The 19-year-old’s family and police have paid tribute to him and called for those with information to come forward.
He was shot in the back after a confrontation between his friends and another group of up to three males on Sunday 23 June.
Ellis Cox who was shot dead in June 2024. Pic: Merseyside Police
His mother Carolyn paid tribute in an appeal to coincide with what would have been his 20th birthday.
“He was so kind… so laid back, so calm, so mature for his age. And he was just funny. Very funny.
“He was my baby… no mum should have to bury a child. He was my life. And I don’t know what to do without him.”
Mum Carolyn Cox (left) and aunt Julie O’Toole (right) are looking for answers
Ellis’ mum described him as ‘kind” and “funny. Pic: Merseyside Police
Meanwhile, his aunt Julie O’Toole said he was “the sort of person I think you’d be hard pressed to find anyone to say anything negative about. He was loyal, fiercely loyal… everything was about his family”.
To pay tribute to Ellis, Liverpool City Council will be lighting up the Cunard Building and Liverpool Town Hall in orange on Saturday.
DCI Steve McGrath does not believe Ellis was involved in criminality
Detective Chief Inspector Steve McGrath, the senior investigating officer, spoke about the information gathered so far, six months on from Mr Cox’s murder.
“I’m satisfied that the group that he was with was probably the target… and I would say that’s got something in relation to do with localised drug dealing in that area. But Ellis had no involvement in that whatsoever,” he said.
He added that police are looking for “really significant pieces of evidence now”, including “trying to recover the firearm that was used in relation to this, looking to recover the bikes that were used by the offenders”.
Read more from Sky News:
The Commons venue that changed political history
Link between A&E waiting times and chance of death
Missing sisters made earlier visit to same bridge
Mrs Cox also appealed for people to come forward with information.
“If you know anything, don’t let us get to [his] next birthday and still know nothing.
“We need to get justice for Ellis. And we need to get the people who took him from us off the streets.”
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports10 months agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business2 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway