According to data in an infographic put together by our friends at Shopatron, gift cards are still hitting it out of the park for retailers. Are you surprised? We’re not!
It’s a simple formula: put money on a card that can only be spent at said retailer and customer is bound to buy even more at said retailer. It’s kind of a no brainer. But with the advent of so many digital fancies, some retailers may be neglecting their gift card strategies. Here are a few highlights from the graphic which prove why you shouldn’t:
– The average shopper spends more than $150 on gift cards annually.
– 72% of gift card recipients make a return trip to the store.
– Online retailers can expect a 10% uplift in sales after launching a gift card program.
Check out the full graphic below.