The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
Survey says gift card spend to reach all-time high
The number of consumers who will purchase gift cards to give as holiday presents is projected to reach an all-time high this year, a National Retail Federation (NRF) survey shows.
Washington--The number of consumers who will purchase gift cards to give as holiday presents is projected to reach an all-time high this year, a National Retail Federation (NRF) survey shows.
According to the NRF’s gift card spending survey, 81 percent of shoppers polled will buy a gift card this holiday season. Consumers will spend an average of $163.16 on them in 2013, a 4 percent increase from the $156.86 average spent last year and the highest in the survey’s 11-year history.
Shoppers older than 65 will spend the most on gift cards at an average of $175.96. This is followed by those ages 35 to 44 who will spend, on average, $171.15.
Gender-wise, men will spend nearly $20 more than women on gift cards.
Consumers also will spend more on each card they buy, according to the NRF. Those who are planning to buy gift cards will spend an average of $45.16 per card, another survey high, up from the average of $43.75 spent last year.
The top choices for gift cards are department stores (40 percent) and restaurants (34 percent), while nearly one in five (19 percent) indicated they would give a gift card for a coffee shop.
“Gift givers know that many of their loved ones may have been holding back on spending on themselves all year long, and would love nothing more than to receive a gift card that allows them to purchase whatever they want,” said Pam Goodfellow, Prosper Insights & Analytics’ consumer insights director.
“Shoppers hoping to add an extra touch to their gift cards will have plenty of opportunities to add audio, video or image enhancements to select retailers’ gift cards, making even the smallest gift still very personal.”
According to NRF’s first holiday survey, nearly 60 percent of shoppers polled said that they would like to receive gift cards this year, which have been the most-requested gift item for seven years in a row.
Prosper conducted the NRF’s gift card spending survey, polling 6,201 consumers from Nov. 1 to 7.
The Latest
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.