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UK Consumer Spending Slows in December, Yet Entertainment and Travel Sectors Thrive

365 Retail

In December 2023, the UK witnessed a modest rise in consumer card spending, increasing by 2.3% However, the entertainment and travel sectors saw a surge as consumers eagerly booked experiences and getaways for 2024. This is likely due to many retailers and supermarkets starting discounts and promotional activity earlier than usual.”

Consumer 104
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Consumer card spending grew just 3.1 percent in January as Brits opted for nights in and home-cooked meals

A1 Retail

However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years. Growth in supermarket spending increased to 5.2 percent), as UK consumers returned to their regular routines after the Christmas break.

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Consumer spending grew 3.5 per cent in October, yet festive season set to be impacted as Brits plan to reduce Christmas purchases

A1 Retail

The Barclaycard report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 3.5 per cent rise in consumer price inflation – as the cost-of-living crunch continues to put pressure on Brits’ personal finances. per cent – 1.8

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Festive gatherings and holiday bookings boost hospitality and travel in December, while utility bills continue to impact finances

A1 Retail

Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. The Barclays report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 4.4 percent and 62.4

Finance 98
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Supply chain issues to worsen as virus impacts transport sector

Inside Retail

Between a third and half of transport workers are currently unable to work due to complications caused by Covid-19, according to the Transport Workers’ Union, putting major stress on the supply chain and leaving supermarket shelves bare. There is cartel-like behaviour, and this pushes prices up and increases demand.

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Consumer spending grew just 4.3 percent in April, yet summer holiday planning and Eurovision ticket sales boosted travel and entertainment

A1 Retail

percent) – as rising costs continue to place pressure on Brits’ finances. percent) – as rising costs continue to place pressure on Brits’ finances. CPIH: Consumer Prices Index including owner occupiers’ housing costs Image courtesy of Unsplash. percent but slightly higher than March (4.0 Spending on groceries increased 5.5

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Why the effort to shake up Endeavour’s board is rooted in the past

Inside Retail

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019.

Boutique 246