Barclays Consumer Spend news and archive

January storms boosted online and non-essential spending in the UK

Essential spending returned to growth in January after four consecutive months of decline, while wellness and social media trends drove discretionary purchases, according to new data from the Barclays Consumer Spend report. Despite falling consumer confidence in the UK economy, down five percentage points to 21 percent, spending on essential...

RetailFeatured

December sales boost fails to save UK retail’s “Golden Quarter”

Christmas fails to save 2024 trading, as new data from the British Retail Consortium (BRC) and KPMG International reveals that UK total retail sales for the year increased by just 0.7 percent from 2023, while non-food declined by 1.5 percent. For the three months to December, known as the “Golden Quarter,” sales growth was 0.4 percent...

Retail|Beauty

Barclays says consumers adopted a “treat yourself” attitude in 2024

Looking back at 2024, Barclays said that essential spending in the UK grew just 0.9 percent, down from 3.9 percent last year, as British consumers prioritised spending on affordable treats and experiences. Barclays’ data reveals that non-essential spending increased 1.9 percent, as consumers’ strong appetite for “little luxuries” boosted health...