(Pleasanton, CA) Early in its history, Blackhawk Network Holdings, Inc., was deep in the middle of the retail action. Grocery retail was the action, being more exact about the previously said. Additionally, the year was 2001. At this time everything was overcrowded, particularly grocery store shelves. The issue at hand, was how to develop attention and affection, from the grocery store’s customers. Needless to say more, Blackhawk Network Holdings, Inc. emerged as a leader, in the third party retailing of gift cards. As part of this distinguishing effort, Blackhawk is recognized as the inventor of a new way to connect brands and retailers, with the actual customers. Recently, Blackhawk Network Holdings, Inc. announced that, it gathers data about gift card purchasing trends. Specifically, the aforementioned business revealed that, it has released a holiday shopping report. The latter is entitled, the 2019 Branded Pay Holiday Shopping Preview Report. Additionally, it is based on the responses from more than 3,000 consumers. Furthermore, it predicts gift card spending for the 2019 holiday shopping season.
The 2019 holiday shopping season, and in regards to gift cards, is expected to have an increase in spending. The previously said, is according to the responses from more than 3,000 consumers. Additionally, it is also according to the 2019 Branded Pay Holiday Shopping Preview Report. Furthermore, these research results are supported by an interesting fact, from the National Retail Federation (N.R.F.). The fact is, gift cards are the most requested holiday gift. This is true and has been true, for more than 10 years, according to the N.R.F. However and returning to, Blackhawk’s business model, the aforementioned exemplified an expansion. The expansion was into B2B, B2C, digital settings, international markets and branded value solutions. Additionally, business operations are across 25 foreign countries. Even though Blackhawk Network Holdings, Inc. is a global business; always at the center of things is the development of the idea of maximizing, the relationship with the actual customers. Through the maximized relationship it is hoped that; sales, productivity, brand loyalty and business growth are all driven up. In order to accomplish the aforementioned; Blackhawk Network Holdings, Inc. is the innovator of programs, platforms and technology solutions. The goal is precise branded value content, along with, business to business services that can actually reach consumers or customers. Ultimately, the aforementioned business delivers on its promises. Subsequently; barriers are taken down, and, commerce becomes enabled.
Returning to, the 2019 Branded Pay Holiday Shopping Preview Report, the aforementioned highlights these two quick facts. The quick facts are; consumers will spend 7% more on gift cards during the 2019 holiday shopping season, and, consumers will spend about 35% of their total spending budget purchasing gift cards. The latter, interestingly enough, is based on consumer confidence. Yes indeed and according to, the 2019 Branded Pay Holiday Shopping Preview Report, 63% of consumers feel confident about the state of the economy. So much so that, approximately 32% of the previous 63% confident consumers, will spend more during the 2019 holiday shopping season. Additionally, 25% do have plans to include more people, in their shopping plans. On average, the average consumer is shopping for gifts for 8 people in their lives. The average spending budget of the average consumer, is predicted at $618.93 USD. Overall, spending on gift cards does appeal to consumers. Particularly, gift cards are appealing, because, they help to alleviate shopper pain points. For example; dealing with crowds, not knowing what to buy, buying the wrong gift and waiting in line are the most common shopper pain points. Finally, the 2019 Branded Pay Holiday Shopping Preview Report, predicts the following about gift cards. It predicts that the gift card categories; grocery store, convenience store, entertainment, travel, health & beauty, home goods, furniture and department store gift cards are the most popular.
To end, Blackhawk Network Holdings, Inc. did release a press statement. Theresa McEndree is the Vice President of Marketing at Blackhawk Network Holdings, Inc. Through a press statement, Ms./Mrs. McEndree said the following. “Our research projects another year of growth for holiday gift card sales, even with the overall holiday spend projected to remain fairly flat compared to 2018. The research also showed a rise in interest from consumers to purchase digital gift cards this holiday season. As consumer demand for omnichannel innovations and alternative payments continues to increase, we anticipate gift card utility will also expand and contribute to sustained growth for the category this holiday and beyond.” As previously stated, Blackhawk Network Holdings, Inc. recently announced that, it gathers data about gift card purchasing trends. Specifically, the aforementioned business revealed that, it has released a holiday shopping report. The latter is entitled, the 2019 Branded Pay Holiday Shopping Preview Report. Additionally, it is based on the responses from more than 3,000 consumers. Furthermore, it predicts gift card spending for the 2019 holiday shopping season. Lastly and according to Blackhawk’s report; consumers will spend 7% more on gift cards during the 2019 holiday shopping season, and, consumers will spend about 35% of their total spending budget purchasing gift cards.
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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
10/26/2019
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