Consumer Data Reports

GCVA Consumer Report May 2023

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See 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

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