Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Brits spend £40bn during lockdown

Brits spend £40bn during lockdown

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Consumers spent £40.6bn on dispensable or luxury items during lockdown, according to the latest figures from Barclaycards Payments. 

Its latest research found that UK adults spent an average of £771.34 each on dispensable items over the last several months, as more retailers launched products and services designed to be used at home. 

Men reportedly spent the most, with total purchases averaging £1,014.08 per person, while women spent around £571.58 on average. 

Londoners and families with children were the two highest spending groups overall, with the average spend of £2,812.26 and £2,070.35, respectively.

According to Barclaycard, a third of consumers found that their purchases made lockdown “more enjoyable”, while 28% purchased items or services that would “make them, or their family happy”.

Takeaway food and drink was the most popular purchase during lockdown, accounting for 24% of purchases, followed by summer wardrobe pieces which totalled 19% of consumer spending.  

Outdoor plants and flowers proved popular at 16%, while baking ingredients closely followed at 15%. 

Eight out of 10 consumers reportedly plan to keep hold of their purchases, while only 6% felt buyer’s remorse towards an item they bought. Some 47% added that their purchases proved “useful”, while 20% said they were planning to give away “at least” one lockdown purchase to charity.

Kirsty Morris, managing director for account development at Barclaycard Payments, said: “Being at home for such an extended period of time meant that Brits became imaginative with how they spent their money. 

“From little luxuries to big investments, the nation sought out the things that would bring them happiness and provide entertainment at home. A trend recognised by an increasing number of retailers seeking to attract customers with fun ‘insperience’ services and products during the months of lockdown.” 

She added: “Things that could have been left redundant as lockdown eased, have instead have made their way up the ranks to be deemed household must-haves that people didn’t know they needed. 

“Many of the items bought have also encouraged people to take up new hobbies, but perhaps more importantly, were successful in making such an unusual period, that little bit more enjoyable.”

Previous Post
Gear4music reports 80% increase in UK sales

Gear4music reports 80% increase in UK sales

Next Post
Fraser Group warns of closures amid business rates valuation delay

Fraser Group warns of closures amid business rates valuation delay