PlayStation and Moonpig's UK sales soar amid virus crisis
by Patrick Collinson from Economics | The Guardian on (#51NM3)
Data from online bank Revolut shows convenience stores boom and decline in cash use
Spending on PlayStation more than doubled in March, while local convenience stores such as Nisa and Costcutter recorded a surge in sales, according to the online bank Revolut. But JD Wetherspoon, the pubs chain, was among the biggest losers in the UK.
Revolut's customers are likely to be younger and slightly more urban than account holders at the traditional big banks. But the data - taken from spending by the digital lender's 3 million customers from 1-31 March - gives a strong indication of the consumption patterns that have emerged since the pandemic gripped Britain.
High street closures in 2019
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