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Visa reports growth in DIY spend

Visa Europe has revealed that spending on its cards at DIY and household stores was up 6% over the Easter weekend compared to last year’s Easter break.

GENERAL MERCHANDISE

Visa reports growth in DIY spend

Almost £210 million was spent over the four day weekend compared to around £196 million during Easter 2013. The figure was 17% higher than during Easter 2012.

With each day of the Easter weekend seeing growth in spending compared to previous years, Saturday was the busiest day with over £70 million spent on Visa cards. Meanwhile, Easter Monday saw a particularly sharp jump of 11% growth from last year.

Overall, DIY spending on Visa cards is 10% higher to date in 2014 than it was at the same date last year, despite the late Easter.

Natasha Toothill, director of retailer engagement at Visa Europe, said: "The strong DIY spend over Easter signals two things: the continued overall recovery in consumer confidence and spending; and further evidence of homeowners investing in their properties to capitalise on a buoyant housing market.”

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