January’s retail gross sales energy is mirrored in folks redeeming their Christmas present playing cards. The typical grownup acquired three.2 present playing cards this vacation season, up from 2.5 present playing cards final yr. Reward playing cards are extra fashionable and this additionally strikes spending into January. Customers are additionally desirous about receiving present playing cards at different instances that simply at Christmas www.prepaidgiftbalance.com.

A survey by Deloitte & Touche USA discovered:

  • 80% of adults acquired at the least one present card to an attire or meals retailer
  • 33% acquired at the least one present card to a restaurant
  • 14% acquired one present card to a mall or purchasing heart
  • 10% acquired a present card that could possibly be used at a wide range of shops (e.g., an American Specific present card)
  • 5% acquired at the least one for a private service akin to a manicure or massage
  • 5% acquired at the least one present card for an Web web site (e.g., ebay, Amazon)

Value ranges for present playing cards ranged from $78 for an American Specific card, whereas the bottom was for a $32 restaurant card. Financial institution present playing cards are extra seemingly for use in January. Almost 74% of those present playing cards have been redeemed or partially redeemed by the top of January.

Individuals have been extra seemingly to purchase full value retail objects with their present playing cards. Many analysts consider the “present” facet permits shoppers to deal with themselves to new full-priced merchandise.

Retailers additionally profit when shoppers redeem a present card, practically 62% spend greater than the face worth of the cardboard. This is a chance for retailers to extend gross sales, as gross sales can’t be reported till the present card is redeemed.

Customers additionally expressed an curiosity in receiving present playing cards for different holidays. For instance, a present card for an “expertise” is broadly acquired because of folks being time-pressed. Getting a present card for a visit to a restaurant or massage or perhaps a weekend getaway appears to be a pattern individuals are having fun with.

Teenagers take pleasure in present playing cards as a result of they’re extra keen to buy with their pals and are extra apt to redeem their playing cards faster than adults. The survey confirmed teenagers redeemed 76% of their present playing cards vs. 61% of adults.

Reward playing cards carry on giving, after the vacations, particularly for retailers. Reward playing cards are right here to remain. Customers take pleasure in utilizing them and retailers take pleasure in getting them. Reward playing cards are an applicable present for all events.

Are Reward Playing cards the Finest Reward?

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