Barclaycard Payments news and archive

Recommerce economy nearly worth 7 billion pounds in the UK

The resale and rental ‘recommerce’ market is continuing to grow in the UK and is now worth 6.99 billion pounds and accounts for 1.6 percent of the total retail market, according to new research from Barclaycard Payments. The report, in partnership with Development Economics, reveals that 40 percent of consumers shop second-hand or rent items...

Retail

Cyber Monday a big success for retailers

Cyber Monday was a bonanza for retailers when Black Friday was more subdued in footfall on the high street. Retailers saw an increase in the volume of payments in comparison to last year’s shopping event. Data from Barclaycard Payments show payment volume increased 16.7 per cent compared Cyber Monday 2020, with a 4.5 per cent increase in...

Retail

Retailers miss out on 39.4 billion pounds from abandoned online baskets

UK retailers are missing out on tens of billions of pounds in sales because over-complicated online checkouts are causing shoppers to ditch their baskets, new data reveals. Retailers have missed out on more than 39.4 billion pounds in potential sales over the last 12 months as a boom in online shopping during lockdowns saw the value of online...