Shopsmart to close quick smart

Barclaycard will shut the doors of its shop for good after Christmas

Barclaycard has announced it is to close its shopping comparison site after Christmas. was bought by Barclaycard in April 2001 as part of its Indigo Square joint venture with Japanese bank Nomura. was then incorporated into the Shopsmart brand.

Then in October last year Barclaycard assumed full control of the unit, buying out Nomura for an undisclosed fee and laying off staff. At the height of its powers Shopsmart employed 150 staff.

A spokesman for Barclaycard confirmed the latest downturn in the fortunes of Shopsmart will mean more redundancies over Christmas and the disappearance of the Shopsmart brand in the New Year.

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