“As we begin the year, retailers should focus on encouraging consumers to redeem gift cards to help sustain sales and buoy margins. Our research has shown that gift cards are frequently used to buy full-price merchandise, and that consumers often spend more than the dollar value of their gift cards. Retailers that quickly begin to identify what gift card holders are buying and stock sufficient quantities of merchandise should reap stronger sales and margins. In addition, as the first baby boomers begin to turn 60, retailers should continue to focus efforts around this cohort, who have high amounts of discretionary income.”
“Look for retailers to offer innovative promotional campaigns for gift cards this year, because these cards have become such as favorite with shoppers, ... Online redemptions, co-branding and personalization of cards are some of the features that successful retailers are initiating this year.”
“Look for retailers to offer innovative promotional campaigns for gift cards this year, because these cards have become such as favorite with shoppers. Online redemptions, co-branding and personalization of cards are some of the features that successful retailers are initiating this year.”
“Every industry will be transformed by this demographic shift. In addition to retailers, companies in business sectors such as consumer products, healthcare, real estate, technology, financial services, and travel and leisure will find that aging consumers present tremendous challenges -- and tremendous opportunities.”
“As long as I can remember, [costs] continually increased. Periodically, we switched plans to mitigate some of the expense. We probably switched plans four different times in the past 10 years.”
“I have not talked to Warren or his parents yet. I don't know all the facts there. I'm sure over the next week we'll dive into that and find out where he is in the Corps and academically, and from there make the best decision for everybody.”
“This place means a lot to me. But make no mistake, I am a basketball coach. And I would not come back if I wasn't absolutely convinced that we can win.”
