There’s no stopping shoppers around the holidays. The National Retail Federation reports that 2016 holiday retail sales exceeded forecasts, increasing 4% year-over-year to $658.3 billion. The organization is expected to increase its forecast for the upcoming 2017 season once again, which is great news for retailers and for the economy. However, as online shopping and fast, free shipping become standard, competition between stores continues to increase. Proximity to a brick and mortar location is no longer much of a driver for holiday shoppers, so retailers need to come up with other ways to get shoppers on their sites and in their stores.
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Topics: Gift Cards, Mall Gift Cards, Holiday Shopping