Consumer Data Reports

GCVA Consumer Report March 2023

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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 

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