High street enjoyed a Valentine’s boost this week, says Barclays

Supermarkets benefited from couples making ‘savvy swaps’ for traditional Valentine’s purchases this year, Barclays said.

Vicky Shaw
Friday 16 February 2024 15:45 GMT
Shoppers showed the high street some love as they celebrated Valentine’s Day this week, despite the cost-of-living squeeze, according to data from Barclays (Nick Ansell/PA)
Shoppers showed the high street some love as they celebrated Valentine’s Day this week, despite the cost-of-living squeeze, according to data from Barclays (Nick Ansell/PA) (PA Archive)

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Louise Thomas

Louise Thomas

Editor

Shoppers showed the high street some love as they celebrated Valentine’s Day this week, despite the cost-of-living squeeze, according to data from Barclays.

Transactions at florists were up by 10.4% annually on February 13, the day before Valentine’s Day, Barclays said.

Restaurant transactions on Valentine’s Day itself were up by 4.5%.

The figures were based on transactions made at businesses which accept payments using Barclays technology.

It's encouraging to see that people were still willing to splash out at florists and restaurants, providing a welcome a boost on one of their most important days in the retail calendar

Karen Johnson, Barclays

As well as a growth in spending on dining out, there were also signs that cost-conscious couples took advantage of supermarkets’ “dine in” offers.

Transactions at supermarkets – many of which were promoting dine-in-for-two deals – jumped 5.1% annually on February 14.

Karen Johnson, head of retail at Barclays, said: “While supermarkets benefited from couples making savvy swaps for traditional purchases such as flowers, chocolates and romantic meals this Valentine’s Day, it’s encouraging to see that people were still willing to splash out at florists and restaurants, providing a welcome boost on one of their most important days in the retail calendar.”

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