UK: Shoppers deterred from using store cards - research
New research finds UK store cards losing out to credit cards in today's market. The research shows that over the past four years, store card sales have suffered from increasing competition from credit and debit cards and a more financially aware British public. The image of store cards has been dented by adverse publicity surrounding their high rates of interest compared to other forms of consumer credit. Although penetration of store cards is fairly high, their frequency of use rate is not. Three quarters of store card accounts are either dormant or are not being used to their full potential, research from Mintel shows.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- Icelandic to sell Saucy Fish Co. owner Seachill