By some estimates, gift giving drives between 20 to 25 percent of today’s retail sales. That means that one out of every four retail purchases a consumer makes is likely to fall under the gift category. With U.S. gift card sales reaching $160 billion last year, smart retailers are establishing engaging and efficient gift card programs to capitalize on this lucrative market.
CashStar, a leading provider of merchant solutions and services for gift card commerce, is at the forefront of the industry. RewardExpert spoke with Alex Barseghian, Group Vice President for North American Retail at Blackhawk Network, CashStar’s parent company, to learn more.