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Online retail sales growth has continued to rise throughout March, despite the promise of the high street opening up in April. IMRG’s Capgemini Online Retail Index, which displays the sales…
Read MoreConsumer confidence hit 12-month high last month as online retail boom continues
Consumer spending fell by nearly 14 per cent last month despite consumer confidence in the economy rising to its highest level in a year.
According to the latest figures from…
Read MoreConsumer spending drops 16% in January as shoppers “continue habits formed in first lockdown”
Consumer spending fell 16.3 per cent in January marking its sharpest decline since May 2020, with online shopping continuing to be the only respite for retail.
According to new data…
Read MoreContactless limit could more than double to £100
Contactless payment limits could soon jump to £100 as the coronavirus pandemic forces a dramatic change of “behaviour in how people pay”.
The Financial Conduct Authority (FCA) announced yesterday that…
Read More90% of card payments were contactless in 2020
Contactless payments accounted for nearly 90 per cent of all face-to-face card transactions last year, largely driven by the rise in spending limits to £45.
Barclaycard’s latest data has revealed…
Read MoreOnline retail won’t go back to slower pre-pandemic growth says Mastercard CEO
Online shopping is due to continue accelerating at greater speeds after the pandemic is over, according to Mastercard’s chief executive Michael Miebach.
Speaking to a virtual panel at CES yesterday,…
Read MoreOnline retail sales accounted for nearly half of all spend in December
Online retail sales skyrocketed 52.2 per cent throughout December as lockdown restrictions decimated in-store sales.
According to the latest data from Barclaycard, overall consumer spending throughout December dropped by 2.3…
Read MoreLast weekend was 2020’s biggest shopping event outpacing Black Friday by 40%
Retail sales far surpassed both Black Friday and Cyber Monday last weekend making it the biggest shopping event of 2020.
According to the latest figures from Barclaycard, which processes £1…
Read MoreMidweek Catchup: Cyber Monday disappoints and Balenciaga launches video game
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Superdrug to issue body cameras as it prepares for “even bigger spike” in violence this Christmas
Waitrose and Deliveroo expand partnership to 40…
Read MoreCyber Monday sales drop 10% following disappointing Black Friday
Cyber Monday sales in the UK fell nearly 10 per cent compared to last year, following a disappointing Black Friday for struggling retailers.
According to Barclaycard, which processes close to…
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