Online retail sales record lowest-ever growth

Online retail sales fell by 19.8% Year-on-Year (YoY) last month – the lowest recorded growth in 21 years of the Index Though Month-on-Month sales grew by 40.4%, this was significantly lower than the 50% growth that is expected for this time of year November’s result was slightly below the 3-month (-14.97%) and 6-month (-12.64%) averages,…

Online grocery spending up 70% in 2020

British consumer spending fell 7.1 per cent year-on-year in 2020, as coronavirus restrictions hampered the high street and hospitality sectors. However, lifestyle changes boosted growth for some sectors, with online grocery seeing the largest increase. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, revealed that spending on essential…