News Card Data Reflects Pet Spending Boom

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Card data reflects pet spending boom
14th January 2022

By David Rees

The nation’s credit and debit card spend at pet retailers and vets has increased by nearly 30% in the past two years.

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, analysed the period December 25, 2020–November 22, 2021 compared to the same period in 2018-19 and found that the card spend in the pet care category had grown by 29.1%.

Consumer spending on cards increased 5.9% overall in 2021 compared to 2019, fuelled by demand for convenience, online shopping and home improvements. While Covid-19 continued to hamper the hospitality and leisure sector, social distancing restrictions spurred the rising popularity of “insperiences” and outdoor pursuits, the company reports.

Online retail recorded strong growth of 63.2% during the two-year period, compared to a rise of just 0.6% for face-to-face retail spending.

Jose Carvalho, Head of Consumer Products at Barclaycard, said: “2021 was another challenging year, as the pandemic continued to hamper the UK economy. However, some categories continued to do well, thanks to Brits’ demand for convenient, local, and at-home shopping experiences.

“With more time spent working from home, Brits continued to invest in their households, resulting in strong growth for both DIY and pet stores.”