Compare Credit Cards with CardSmart

Home » Credit Card News » Trends and Analysis » Barclaycard highlights potential of internet sales

Barclaycard highlights potential of internet sales

A leading credit card issuer has recommended retailers turn to online sales in order to boost business during the recession.

More from Trends and Analysis
26 June 2009

Barclaycard highlights potential of internet sales”

Bookmarks

Responding to the Confederation of British Industry's (CBI) Distributive Trades Survey, published in May, Barclays stated that the results showed the retail sector is currently stagnating and needs urgent regenerative measures.

A spokesperson for the banks commented: "The retail sector is being held in a stationary pattern with little indication of an upward or downward trend.

"A shift to internet sales could be the break to the current holding pattern retailers are looking for."

The bank added that the recent strong performance of the pound against the euro and the US dollar would also come as welcome news to UK retailers.

The latest CBI survey showed that while 31 per cent of retailers reported a rise in profits in the first half of May compared to the same period in 2008, 48 per cent said they had observed a decline in sales year-on-year.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.