Consumers continue to invest in their homes: Barclaycard

Credit and debit card spending on furniture boomed in July, as consumers continued to invest in their homes.

Sales at furniture stores were 32.3% higher than in July 2019, according to Barclaycard. 

This was significantly higher than the increase in the number of transactions – 7.7% – indicating shoppers have been trading up.

Home improvement and DIY stores enjoyed a 24.4% increase in sales and 15.4% rise in transactions while the household goods sector as a whole saw a 23.1% increase in sales and 8.7% in transactions.

However, according to Barclaycard a quarter of consumers have been spending money from their savings.

credit card machine

Subscribe

And receive a glossy copy of our magazine straight to your door

Subscribe to our newsletter

Receive weekly industry news straight to your inbox.

I agree with the Terms and Conditions and the Privacy Policy detailed at the bottom of this website.