- 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.
Gift card sales strong this holiday season
Dec 26 2013, 12:12 ET