• Posted on Thursday, December 17, 2009
  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here

Gift cards a boon for Wichita businesses

Sign up for email newsletters now!

Sign up for email newsletters now!

Never miss a McClatchy story

Though some consumers equate giving or receiving gift cards to Grandma's fruitcake, local businesses say they are an important means to attracting new customers, satisfying demand and receiving "free money."

Sam Connelly, general manager of Mead's Corner coffee shop, at Douglas and Emporia, said gift cards are "so big during Christmas," especially among consumers who don't know what gifts to give to people.

"We are selling a whole lot more of them," Connelly said of gift cards during the holidays. "It's really good for us."

Holiday shoppers nationwide this season will buy almost $25 billion in gift cards, averaging about $40 a card.

In a National Retail Federation survey of consumers asked to choose their most desired holiday present, 55.2 percent of adults chose gift cards.

That preference has been nudging upward since 2006 as some other major categories, such as clothing and video games, have declined.

Read the complete story at kansas.com

JOIN THE DISCUSSION

We welcome comments. To post one, you must sign in using either your McClatchyDC login or your login for Facebook, Twitter or Disqus. Just click the appropriate box below.

Please keep your comment civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. If you find a comment abusive or inappropriate, please flag it for the moderator by placing your cursor on the comment, then clicking the "flag" link that appears. Thanks for your participation.

ECONOMY Q&A

hall & pugh

McClatchy correspondents Kevin G. Hall (left) and Tony Pugh are available to answer your questions about the economic meltdown at home and abroad, and what's in store for ordinary Americans.