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To show large format gift card display

Gift Cards – An Overlooked Revenue Stream

While offering gift cards in store is a convenience for customers, savvy retailers are also viewing them as a revenue center. Third party gift cards are actually one of the highest profit centers per square foot on the sales floor. Statistics show that the average person spends over $300 per year on gift cards; this is largely due to the fact that gift cards are the most requested gift for the last 12 years straight. This industry has boomed to over $160 billion in annual sales. In order to drive gift card sales, the first tactic is to look at the display itself. Is it worn out and ready for a refresh? Is it fully stocked with up to date cards? While assessing the fixture, one should also consider the size and placement of the display. It’s an important sales tactic to present the gift card category to the customer with as large of a display as your space can accommodate in a prominent well-trafficked area at or near the front of the store. This allows for maximum shopping content…