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Consumers spent 10% more on credit and debit cards in 2022 compared to last year
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Consumers spent 10 per cent more on credit and debit cards in 2022 compared to last year
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there needs to continue to be discussions around this with the de facto authorities and we urge them to this decision. to repeal this decision. here in britain, most shops are now open again, after being closed on christmas day, in the popular boxing day sales. retail experts say they re expecting shoppers to spend less as the cost of living crisis continues. joining me now from birmingham is sarah montano, retail expert and senior lecturer in marketing at the university of birmingham. the credit card company barclaycard is predicting the average person to spend £229 and christmas sales, £18 less than last year. the cost of living crisis is biting hard. it is the sort of level you would expect the sort of level you would expect the change to be at? the sort of level you would expect the change to be at? absolutely, i think for many the change to be at? absolutely, i think for many consumers - the change to be at? absolutely, i think for many consumers they - the change to be at? a
of living crisis continues. sarah montano, retail expert and senior lecturer in marketing at the university of birmingham said the cost of living alongside a change in shopping habits may influence a change in the footfall we see today. for many consumers, they will have spent before christmas, things like the black friday sales, and as we move into new year, we expect consumers will be cautious because some of the heating bills will still be to come for customers, which will impact on their discretionary spending. what will the shops be doing to try to tempt customers to spend when every penny counts? most people have had notifications. you have probably had e mails about the sales, so we are certainly seeing some headline discounting to get customers either to buy online or to go into stores.
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