GCVA Consumer Report July 2023

See topline findings below: 

• UK retail spending to increase by 3.8% in 2023 as shoppers react to cost of living pressures

• Gift purchasing sees a slight rise, driven by Father’s Day

• Gift card purchase penetration remained weak over June 2023

• Signs that employers are beginning to leverage gift cards as a support medium

• Digital continues to rise in prominence

• Gift card buyers increasingly turn their attention toward retail gift cards

• Leisure and experience gift cards experience lower demand vs. 2022