Tag: holiday gift cards

Holiday Shoppers to Spend Billions on Gift Cards this Holiday Season

"Consumer confidence is high this holiday season, according to NRF Director of Industry and Consumer Insights Katherine Cullen, and consumers say they'll be spending about $1,000 on average on gifts and other items for the holidays."

Marketers to Promote Holiday Gift Cards

As consumers sharpen their pencils to cut down the size of their holiday gift lists, there’s one item retailers hope will fare better than last year: gift cards.For years, the gift card market has been growing quickly and is now valued at $24.9 billion. This year, Archstone Consulting predicts the industry will end the year somewhere between $23.67 and $24.9 billion or between a 5% drop to a flat outcome.