UK consumers are borrowing again as lockdown eased29 Jun 2021 16:19
Hopefully CARD have some shoppers maxing out their credit cards too. Extract from the Guardian today; Many shops only reopened after the lockdown during April, while pubs and restaurants in England began indoor service again in May. That lockdown easing has given people the opportunity to spend, perhaps on credit, again. For the first time since August 2020, consumers borrowed more as consumer credit than they paid off in May, new data from the Bank of England shows.
UK retail sales at three-year high – CBI25 Jun 2021 11:37
British retailers saw sales jump in June as the UK vaccination programme progressed and made shoppers more confident about going out to spend. The monthly survey from the CBI, Britain’s biggest business lobby group, showed that a measure of the volume of sales rose to 25% from 18% in May, the highest since August 2018. The percentage balance deducts the number of retailers who reported higher sales from those who posted lower sales. CBI economist Ben Jones said: This was the latest sign that the success of the vaccination programme is feeding through to stronger consumer confidence.
Sweeping statement there from Lorenzo. As a member of 'Generation Z' myself (because apparently generations need to be categorised), I actually work in the construction industry (Tech. architect) and sites typically operate from between 8-4:40pm (not too unsociable - but actually fairly typical). It also makes me laugh at your belief that my generation can't talk to other human beings, and yet were blamed from rising Covid cases for being too social? Many old generations (if we're stereotyping) can't use technology, and will therefore benefit from tangible stores. But thanks for the baseless/factless attempt at identifying the market for us.