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Consumer spending up 3.0% in November as shoppers get ready for Christmas

• Retailing sector saw best performance of 2013 as consumers updated their wardrobes and hit department stores looking for presents
• 1 in every 5 pounds is now spent on the web, as online spending reaches 21% of all spend
• Spending on ‘Black Friday’ up +21% on 2012, driven by +41% increase in spending online, as US savings day takes off in the UK
• Average transaction values down +3.3% as savvy shoppers search for value and retailers discount ahead of Christmas

ESL choose Barclays to fuel growth plans

Cheshire-based fuel specialist ESL Fuels has refinanced its previous overdraft facility with Barclays to a receivables-linked structure that enhances its working capital to £5 million to support the growth of the business.

‘Mega Monday’ set to provide a spending bonanza for online retailers

• Online shopping up 10.1% in 2013 compared to 2012, as consumers prepare for a record-breaking Mega Monday of online sales today1
• Mega Monday 2012 saw consumers spend an average of £57 per online transaction 2
• Almost a third (28%) of Christmas shoppers online said they plan to do the same amount of Christmas shopping in-store and online this year compared to last year, but the majority will be online 3
• Three-quarters (74%)of adults have more or the same level of confidence about the wider UK economy in the run up to Christmas this year compared to 2012, but 65% say they still need to be savvy about their spending3