During the holiday season, more merchants hosted card malls, but the cards in those malls were simpler thanin years past.
Travel Tags Inc., a card manufacturer and printer based in InverGrove Heights, Minn., visited 108 unique merchants in the Twincities and found that 14 of them were hosting card malls, up from10 in the previous year.
In looking at the types of cards offered, it found the majority ofthem (63%) were standard plastic cards, up from 25% in 2010. Thepercentage of cards that were lenticular (displaying a 3-D orchanging image) had fallen from 17 percent in 2010 to 2 percent in2012. The cards offering toys, coins, or other types of add-onswere down from 14 percent to 2 percent.
The company’s team also observed less in-store-promotion than inprevious years.
As closed-loop issuers gear up for the holiday season, they shouldexamine what factors have influenced their gift card sales in thepast, and what their competitors are doing to stand out when itcomes to gift cards. Although planning and production on cardsneeds to happen early, that is no reason for an issuer not toinnovate and come up with new strategies for reachingcustomers.
If you need more information on the study,you can contact Martha Weaver, Marketing Manager at Travel Tags at651-288-8470 or [email protected].
