GCVA Consumer Report March 2023

See top-line findings below:

• UK retail spend is forecast to be £369.2bn in ‘23  

• More UK consumers buying physical gifts, gift cards and self-use gift cards over February (a slight y-o-y decline) 

• A dip in the number of people buying gift cards for someone else  

• Digital gift cards continue to rise in prominence  

• Retail gift cards boosted by Valentine’s and at their highest rate since we began tracking  

• Leisure and Experience gift cards experience lower demand – though demand for Experience gift cards should remain robust among those who choose to forego foreign holidays