As non-essential shops begin to reopen their doors, over half (56%) of small business owners surveyed are concerned they will not be able to bounce back from the impact of COVID-19, according to a new survey released by Visa today.
Headline Findings: • Consumer spending: Increases +0.7% compared to a year ago • Face-to-Face spend: Outstrips eCommerce for second consecutive month • World Cup fever: Hotels, Restaurants & Bars and Food & Drink categories are best performing sectors
Headline findings: - Consumer spending: up +0.9% year-on-year, quickest increase since March 2017 - Face-to-Face spend: up +1.5% on the year, strongest upturn since October 2016 - Spending on household goods rises for the first time in 18 months
Headline findings: - Consumer spending: drops -2.0% year-on-year, matching the decline seen in March - Face-to-face spend: down -5.4% on the year, quickest fall for six years - Household Goods and Recreation & Culture are weakest performing sectors
Visa Inc. (NYSE:V) today announced that Visa Checkout has surpassed one million enrolled accounts in the UK. Visa’s online payment method, which was launched in May 2017, enables consumers to pay securely in just a few clicks on any device across the internet with some of the world’s top merchants.
Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, today introduced three commercially available wearable payment devices. In the spirit of the Olympic Winter Games, Visa created NFC-enabled payment gloves, commemorative stickers and Olympic pins that allow fans and athletes to complete seamless and secure payments with a simple tap.
- Consumer spending rises for first time since April (+0.3% year-on-year) - Growth driven by higher E-commerce expenditure (+6.5% on the year), as Face-to-Face continues to decline (-2.6%) - With average growth of 0.2% each month this year, consumer spending is on track for its weakest calendar year of growth since 2013
• Consumer spending falls by -0.8% on an annual basis, following declines in May and June • Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) see most marked reductions in spend • Face-to-Face expenditure falls at quicker pace (-3.7% on the year), while E-commerce spend increases by +3.6%
• The UK is Europe’s largest ecommerce market, with sales exceeding £130bn in 2016[1] • Nine out of 10 millennials have used their mobile phone to make a purchase
• Household expenditure declines on an annual basis for second month running (-0.3%) • Spending falls by -0.3% year-on-year on average over Q2, lowest quarterly figure since Q3 2013 • Expenditure decreases through Face-to-face categories (-2.4% on the year), while growth in E-commerce expenditure softens (+2.9%)
• Visa Checkout, the easier way to pay online with a single sign-in, is making its debut in the UK, launching on lastminute.com • An exciting range of promotions is kicking off the partnership between Visa and lastminute.com • Enrolled customers have a 51% higher conversion rate when compared to other customers and data shows reduced cart abandonment
• Consumer spending rises at the weakest pace for three months in April (+0.5% year-on-year) • Renewed increase in face-to-face spend (+0.3%) contrasts with slight dip in e-commerce (-0.1%) • Food & Drink categories see best growth for three years (+5.9%), while Clothing & Footwear records first increase in expenditure for five months (+2.3%)
• Household expenditure increases by +1.0% on the year, down from +1.3% in February • Average annual growth rate falls to +0.9% in Q1, down from +2.7% in Q4 2016 • Spending through e-commerce continues to drive growth (+8.2%); face-to-face expenditure however declines for third month running (-1.3%)
• Spending rises +1.5% on the year in February, up from +0.4% in January • Expenditure through e-commerce channels continues to increase (+3.2%), while face-to-face spending falls again (-3.0%) • Recreation & Culture (+3.3%) and Hotels, Restaurants & Bars (+1.2%) see further increases in spend on an annual basis
Consumer expenditure growth weakens to +0.4% year-on-year in January, from +2.5% in December Face-to-face spending declines at quickest rate in four years (-3.1%), while e-commerce continues to rise (+4.1%) Hotels, Restaurants & Bars (+5.7%) and Recreation & Culture (+3.1%) are top performing sectors Clothing & Footwear sees biggest drop in spend since April 2012 (-3.8%)
Headline findings · Consumer spending up +2.6% on the year in December · Spending growth remains solid in e-commerce categories (+5.5% year-on-year), but rises only slightly in face-to-face categories (+0.7%) · Hotels, Restaurants & Bars (+7.3%) and Recreation & Culture (+6.4%) see strongest increases in expenditure
Consumer spending increases +3.2% year-on-year, the highest rate since January 2015 Record increase in e-commerce expenditure (+12.5%), but face-to-face spending declines slightly (-1.4%) All broad spending categories see higher spending, led by Recreation & Culture (+9.3%)
• More than £2bn spent on Visa cards during Black Friday • Online Visa spend in week leading up to Black Friday up 13% year-on-year with almost £1bn spent on Black Friday, alone • Contactless and mobile technology are driving new shopping habits in the run-up to Christmas
• Plans requiring additional checkout steps means more declined transactions and longer and more complicated checkout experiences • 52% of UK shoppers say increased online checkout steps will cause them to abandon purchases • Changes mean no more express checkouts or quick in-app payments from mobiles, reduced access to non-European online shopping sites, and longer queues
• Consumer spending rises +2.5% on the year in October, up from +2.3% in September • E-commerce spending increases solidly (+4.3%), face-to-face expenditure expands for 1st time in 3 months (+1.8%) • Growth led by Hotels, Restaurants & Bars(+9.0%) and Recreation & Culture(+7.4%) • Spending on Clothing & Footwear rose at quickest rate since September 2015(+4.7%)