Consumer spending records “weakest start of the year since 2012”

| March 12, 2018

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Consumer spending over the past two months has seen the strongest spending reduction for the start of a year since the opening two months of 2012, as consumers continue to tighten their belts. According to Visa’s UK Consumer Spending Index, households’ spending showed a 1.1 per cent year-on-year fall in February, following a 1.2 per cent decline in January. For the 10th month in a row, face-to-face spending on the high street fell annually, with a 2.5 per cent decrease. Meanwhile, online spending increased slightly compared with a year ago, with a 0.2 per cent uplift. Recreation and culture spending also dropped 6.1 per cent year-on-year in February – the biggest fall since April 2010 – while spending fell on clothing and footwear, household goods, transport and communication.

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ShipBob, Inc.

Founded in 2014 and based in Chicago, ShipBob is a privately held technology company that offers simple, fast, and affordable fulfillment for e-commerce businesses. As an end-to-end fulfillment solution, ShipBob provides warehousing and package delivery in 1-2 business days, with a network of fulfillment centers across the US. ShipBob’s software combines order and inventory management, customer communication, predictive insights, and optimized shipping for online merchants. ShipBob’s software is also fully integrated with leading e-commerce platforms, including eBay, Shopify, Amazon, Magento, and many more.

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