Barclaycard has said that the volume of sales transactions up to 4pm was down 16.7% on Black Friday. The company’s figures are particularly useful because it actually almost £1 in every £3 spent in the UK.
Dubbed the ‘insperience economy’, 33% of retailers in the UK launched innovative products and services designed specifically to be used at home during the months of lockdown, according to new research.
Barclaycard saw payments rising last week as stores began to reopen with 6% growth by value compared to the previous week and 8% growth in their volume. And the value of payments in physical shops rose 12%.