Seeking Alpha

Gift card sales strong this holiday season

  • Gift card sales were an out-performer in the retail sector this holiday season.
  • Open network branded card sales rose 7.3% this year while retailers saw gift card sales shoot up 10, according to Corporate Executive Board.
  • The consumer trend toward more gift card usage should provide a lift to MasterCard (MA +0.8%) and Visa (V +0.3%) as well as adding at least some support to retail sales in Q1 of 2014 as sales are booked.
  • Related stocks: SBUX, BBY, HAWK, WMT, TGT, DNKN, MCD.
Comments (1)
  • MA the biggest winner, I'm long. jpmj4847
    26 Dec 2013, 03:25 PM Reply Like
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