Consumer spending fell 13.8% year-on-year in February as lockdown restrictions continued, yet some sectors saw record growth as the first signs of spring lifted the nation’s spirits.
Retailers are feeling the love in the run up to Valentine’s Day, with two fifths (41%) expecting to see a sales boost, according to new research from Barclaycard Payments, which sees nearly half of the nation’s credit and debit card
Consumer spending declined 16.3% t year-on-year in January – the sharpest decline since May 2020 – as the retail, hospitality and travel sectors felt the full impact of national lockdown measures.
New data from Barclaycard reveals that contactless technology has emerged as one of the big winners of 2020, accounting for 88.6% of all eligible card transactions.
Consumer spending declined 2.3% year-on-year in December – the largest decline since June 2020 – as the tightening of tiered restrictions across the UK hampered high-street retailers and hospitality.
Consumer spending declined 7.1% year-on-year in 2020 – as coronavirus restrictions impacted many sectors, with high-street retailers and hospitality hardest hit. Yet there were some bright spots as changing consumer behaviours spurred e-commerce growth, while the rise of the ‘insperience
Brits are planning to splash out £2.7bn in this year’s post-Christmas sales in a bid to treat friends and family, as well as themselves, after a challenging 2020.
Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, has so far today (as at 16:00) seen a -16.7% decrease in the volume of payments compared to the same period on Black Friday last year.
Although nail bars, beauty and tanning salons have opened their doors, new research has revealed that Brits are set to save nearly £1,500 by continuing to do their beauty and grooming at home.
The ‘insperience economy’ is giving new hope to retailers post-coronavirus, as demand for in-home products and services is set to increase even further after retailers reopen to the public.
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51 per cent) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.
Barclaycard Payments’ second SME Barometer found that, despite UK businesses predicting poor short-term performance, and reporting a dip in sentiment compared to last quarter, there are early signs that they have begun the road to recovery.
Less than a month since the introduction of the new £45/€50 contactless limit in the UK and Ireland, Barclaycard, which handles half of all contactless transactions in the UK, has processed over 7m contactless payments above the previous limit of
Barclaycard, which processes almost 40% of card transactions in the UK, has announced a new partnership with e-commerce platform BigCommerce to introduce an integrated, cutting-edge payments solution for online retailers across the UK and Europe.
Consumer spending reached just 1% year-on-year growth in December, representing a decline åin real terms when accounting for inflation.
Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, shows that essential spending grew slightly by 0.2%, bolstered by a 1.5% increase in supermarket expenditure.
Consumer spending grew by 1.7% year-on-year in July – representing a decline in real terms when accounting for inflation – following similarly muted figures in May and June.
Research released today by Barclaycard into the spending habits of UK festival-goers, reveals that pop-up commerce presents a growing opportunity for businesses, with those selling at live events benefiting from increased revenue, improved customer engagement and longer lasting loyalty.
The 2019 Barclaycard everywoman in Retail Awards programme is now open, welcoming nominations from the industry’s exceptional talent. From the young, rising stars, to the long-standing leaders and pioneering entrepreneurs, individuals at all stages of their career journeys are invited
Consumer spending increased by 3.1% year-on-year in March, with growth picking up as Brits were encouraged by the milder weather.
New research from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions, explores the pain points and milestones associated with scaling up a business – and highlights innovation as a key opportunity for growing companies.
New research from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions, shows how Chief Information Officers (CIOs) are driving rapid change in UK businesses by seizing the potential of next-generation technologies.
In today’s competitive business environment,
Barclays has today released a report into the UK fashion retail market using data aggregated from more than 8 million customers by its Market and Customer Insight service. Delving into the data, which covers consumer spending between July 2016 and
Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, shows that essential spending performed well with 6.9% year-on-year growth, bolstered by a rise in supermarket expenditure of 5.0%. As fuel prices remained at their
New research from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, shows that ‘outfit of the day’ posts have literally become just that. Almost one in 10 Brits reveal that they have bought clothes online