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Press Release

18 April 2019

Shoppers shrug off Brexit fears as retail sales rise

The nation’s love affair with online shopping continued as internet retail sales rose more than 12% in March 2019, compared to the same period last year.

Shoppers shrugged off Brexit jitters last month as retail sales rose 1.1% compared to the previous month, according to the Office for National Statistics (ONS), thanks largely to food and non-retail store sales.

But the likes of Debenhams and House of Fraser were spurned as the ONS said all store types except for department stores and household goods stores increased in the quantity of goods bought in the three months to March 2019, compared to the previous quarter. The quantity of goods bought in department stores fell 0.3% in that period.

Roy Kaitcer, Investment Manager, said: “Employment figures and wages have risen at a faster rate recently and there has been so much competition on the high street recently with people taking advantage of sales, which have had them flocking to shops.

“We’re expecting to see lower rents for retail spaces, which could help them further down the line.”


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Shoppers shrug off Brexit fears as retail sales rise
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