Data: UK festive retail spend rises but online growth outpaces stores

Christmas retail spending has risen 3.6% year on year, according to new analysis from Visa, with e-commerce continuing to outperform physical retail despite stores accounting for the majority of spending.
Preliminary findings from Visa Consulting & Analytics’ (VCA) annual Retail Spend Monitor show that in-store sales represented 57.4% of total holiday payment volume, rising 2.1% compared with last year.
Online spending grew faster, increasing 5.8% year on year, supported by early promo