Showing posts with label Gift Cards. Show all posts
Showing posts with label Gift Cards. Show all posts
Monday, December 20, 2010
Tuesday, November 25, 2008
Friday, December 29, 2006
How much loot did the stores make this Christmas?
Apparently we aren't greedy enough, we're shopping online, and we like gift cards too much:
"ShopperTrak RCT Corp., which tracks total sales at more than 45,000 retail outlets, reported that sales for the week ended Saturday increased 5.2 percent over the year-ago period. Foot traffic fell a slight 1.3 percent during that same period, indicating that shoppers were making bigger purchases with fewer trips, according to Bill Martin, co-founder of ShopperTrak.Much of last week’s strength was from Friday and Saturday,though the finale wasn’t as strong as hoped for. As a result, Martin believes that total holiday sales will probably not meet the 5 percent growth forecast, though holiday sales growth will be at least 4.5 percent."
Just a note, the stores make a lot of money off of gift cards that are never redeemed, or partially used. I just used my Barnes and Noble card, leaving only $1.53 left on the card. The clerk could not give me the remainder in cash. The stores count on many people tossing the card, not caring to worry about every penny.
"ShopperTrak RCT Corp., which tracks total sales at more than 45,000 retail outlets, reported that sales for the week ended Saturday increased 5.2 percent over the year-ago period. Foot traffic fell a slight 1.3 percent during that same period, indicating that shoppers were making bigger purchases with fewer trips, according to Bill Martin, co-founder of ShopperTrak.Much of last week’s strength was from Friday and Saturday,though the finale wasn’t as strong as hoped for. As a result, Martin believes that total holiday sales will probably not meet the 5 percent growth forecast, though holiday sales growth will be at least 4.5 percent."
Just a note, the stores make a lot of money off of gift cards that are never redeemed, or partially used. I just used my Barnes and Noble card, leaving only $1.53 left on the card. The clerk could not give me the remainder in cash. The stores count on many people tossing the card, not caring to worry about every penny.
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