GCVA Consumer Report May 2023
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GCVA Consumer Report May 2023
Full content is restricted access for members only.
Explore our membership optionsSee top-line findings below:
UK retail spend forecast to increase by 3% in 23 to £380bn as shoppers react to cost-of-living pressures
A slight dip in gifting demand over April and yoy due to cutbacks in non-essential spending
An increase in UK consumers purchasing gift cards for someone else over April
Self-use cards support shoppers with saving and budgeting
Growth in digital gift card purchasing through employee benefits programmes – an effective medium for additional financial support
Demand for retail gift cards remains robust – benefiting from the return of physical shopping
A mixed outlook for leisure and experience gift cards – demand should stay strong among UK consumers choosing to forgo foreign holidays this summer
Get notified about coming research and other gift card news.
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