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According to research conducted by credit card firm American Express, 2006 looks likely to be the first year in which gift cards take the top spot as the most popular holiday season gift, nudging ahead of clothing for the first time.According to a survey of just over a thousand shoppers conducted by American Express:
Due to the survey's inherent margin of error of plus/minus over 3 per cent, gift cards are likely to supplant clothing as the most popular final choice of gifts. According to the National Retail Federation, gift cards are expected to account for $24.8 billion in sales this holiday season (up from $18.5 billion in 2005). On average, shoppers are expected to spend more than $116 on gift cards this year.While gift cards have been popular for many years, they are increasingly accepted as a thoughtful gift and have become presentable gifts in their own right with many gift cards featuring more and more creative designs and their own imaginative gift wrapping or gift boxes.So is the trend towards gift cards visible online? While Google Trends doesn't display any metrics for the current holiday season, the spikes in search traffic for the term "gift card" in the past years are unmistakable.
How are you promoting your gift cards?Considering the huge popularity of gift cards, are you doing enough to promote this gift idea to your shoppers? Gift cards often tend to be treated as an "also ran" option on retail websites. If you are doing this, you might be making it unnecessarily hard for your customers to find their gift of choice! Here are a few last minute ideas to promote your gift card options:
And if you currently don't offer gift cards at all, it's certainly time to make sure you have them ready for next year's holiday season!
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How does he think the company can fix its problems?
Garlinghouse closes his memo saying "My motivation for this memo is the adamant belief that, as before, we have a tremendous opportunity ahead. I don't pretend that I have the only available answers, but we need to get the discussion going; change is needed and it is needed soon. We can be a stronger and faster company - a company with a clearer vision and clearer ownership and clearer accountability." The full text of the leaked memo can be found at Techcrunch.
The memo appears to be critical of CEO Terry Semel and throws up the question of how safe Semel's job currently is - or if Brad Garlinghouse might be forced to move on if his power move doesn't come off. Also, the specter of significant job losses might provide positive signals to finance markets, but certainly won't be welcomed by current Yahoo! staff who might fear losing their jobs.
So, will this memo sink without leaving much of a trace or could this really be the event that triggers massive change at Yahoo? It will be interesting to see what happens next!
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