The English team, (more correctly the UK team) is no longer participant in the World Cup football tournament. If anyone wants to pick up some red and white stuff at keen prices for the next whizz bang sports, national pride jamboree, now is the time to do so. Traders have been left with stock that currently has no attachment.
In modern times, we have not been a flag waving country for the sake of monarch and country. The media work really hard at whipping up mass emotion, even mass hysteria, especially in sport. This has led to a delusional belief about our super position in international football.
Football is described as an alternative religion. Business has bought into the delusion believing it will bring healthy sales. If remaining stocks are that high, what percentage of the population really bought into the waving or wearing of national colours? This might be a case of being hoisted by our own delusions and petards.