
Consumers were socialising more actively last month, as well going on holiday, taking part in sports and working in their offices. And this seems to have spurred them to buy more fashion and sportswear.
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Consumers were socialising more actively last month, as well going on holiday, taking part in sports and working in their offices. And this seems to have spurred them to buy more fashion and sportswear.
UK online retailers beware. Compulsory SCA (Strong Customer Authentication) kicks in from today and if websites aren’t compliant, many transactions will be declined with the risk of lost sales.
Two monthly sales reports on Tuesday showed UK retail sales and consumer spending continued to recover. And the BRC and Barclaycard both said that clothing and footwear were among the strongest categories last month.
There was slightly contradictory news on consumer spending and retail sales on Tuesday as the regular monthly reports from Barclaycard and the British Retail Consortium suggested both weakness and strength.
Consumer spending on essential items grew in December by as much as 13.7% on a two-year basis, but clothing saw slower growth and department stores also lagged compared to supermarkets and discounters.
Consumer spending in 2021 was characterised by the continued growth of online and a bigger focus on sports and home improvement spending, a new report from Barclaycard has shown.
More evidence came through on Tuesday showing that fashion was a key driver of retail spending in the UK last month. Two regular monthly reports (from the BRC and Barclaycard) called out fashion as a star category.
Black Friday spending volumes exceeded those of both 2020 and the pre-pandemic shopping day in 2019, Barclaycard said as stores closed on Friday.
Predictions are all pointing in one direction: this year’s Black Friday spending in the UK is lining up to be one of the biggest (and most important) yet for the start of the Golden Quarter.
Overall payment card spending rose as much as 14.2% in the UK last month compared to October 2019, despite rising inflation fears. That’s according to the latest Barclaycard spending report.