Gift & Loyalty Programs
Everyone loves a gift card. Did you know that more than 50 billion gift cards are sold every year?
Gift and loyalty programs offer a boost to businesses. Here are some facts and statistics explaining why:
Gift card holders:
- Spend an average of 40% more than the card’s value
- Make an average purchase of $59
- Average more than one visit to redeem the card’s value
- Redeem less than the full value of the card 86% of the time
This translates into huge benefits for your business:
- 54% of all retailers offer gift cards
- 15 – 17% of the card’s value is never redeemed
- You’re paid for your products, even before you sell them
- With no cash back, exchanges or returns don’t affect you
- Gift cards make up more than 15% of total retail sales
- Loyalty cards preserve customers and encourage more sales
- Loyalty and gift cards are like mini-billboards in your customer’s wallets
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