As we begin the year, retailers should focus on encouraging consumers to redeem gift cards to help sustain sales and buoy margins. Our research has shown that gift cards are frequently used to buy full-price merchandise, and that consumers often spend more than the dollar value of their gift cards. Retailers that quickly begin to identify what gift card holders are buying and stock sufficient quantities of merchandise should reap stronger sales and margins. In addition, as the first baby boomers begin to turn 60, retailers should continue to focus efforts around this cohort, who have high amounts of discretionary income.
More Quotes from Pat Conroy:
I thought I'd stumbled onto Pluto. What I did not realize, I had stumbled into the great lie. They were separate but there was no equality whatsoever.Pat Conroy
Due to strong consumer acceptance of new products, growth for TV and appliance retailers in 2005 was the healthiest of any home furnishings sector. Now that the tax refund cycle is in full swing, retailers in this segment might be well served to monitor inventory levels more efficiently to be sure that the supply is keeping up with demand.
Pat Conroy
This place means a lot to me. But make no mistake, I am a basketball coach. And I would not come back if I wasn't absolutely convinced that we can win.
Pat Conroy
My mother thought of my father as half barbarian and half blunt instrument, and she isolated him from his children.
Pat Conroy
I really don't know what to say about Coach Robinson, except that I will come every day with as much pride and passion as I can to repay him.
Pat Conroy
As long as I can remember, costs continually increased. Periodically, we switched plans to mitigate some of the expense. We probably switched plans four different times in the past 10 years.
Pat Conroy
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