Gift Card Black Friday: 10 Stats You Can't Ignore

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Gift Card Black Friday: 10 Stats You Can't Ignore

Introduction

Black Friday is the biggest shopping day of the year, and it's a great time to buy gift cards. In fact, according to the National Retail Federation, gift cards are the most popular gift item purchased on Black Friday.

There are many reasons why gift cards are so popular on Black Friday. First, they're a convenient and easy way to give someone a gift. You don't have to worry about finding the perfect gift or worrying about whether or not the person will like it. Second, gift cards can be used at any store that accepts the card, so the recipient can choose exactly what they want. Third, gift cards are often discounted on Black Friday, so you can save money on your purchase.

If you're planning on buying gift cards on Black Friday, here are 10 stats you should keep in mind:

gift card black friday

Gift cards are the most popular gift item purchased on Black Friday. According to the National Retail Federation, gift cards accounted for 20% of all purchases made on Black Friday in 2020.
The average person spends $200 on gift cards on Black Friday. This number has been increasing steadily in recent years.
Gift cards are most popular among millennials. Millennials are more likely to purchase gift cards than any other generation.
Gift cards are most popular during the holiday season. Black Friday is the most popular day to buy gift cards, but gift cards are also popular throughout the holiday season.
Gift cards can be used at any store that accepts the card. This makes gift cards a very versatile gift.
Gift cards are often discounted on Black Friday. Many stores offer discounts on gift cards on Black Friday.
Gift cards can be used to purchase anything. Gift cards can be used to purchase anything from clothes to electronics to food.
Gift cards are a great way to save money. If you're looking for a way to save money on your holiday shopping, gift cards are a great option.
Gift cards can be used to earn rewards. Many stores offer rewards programs that allow you to earn points or cash back on your gift card purchases.
Gift cards can be a great way to show someone you care. Gift cards are a thoughtful and easy way to show someone you care.

Conclusion

If you're looking for a convenient, easy, and affordable way to give someone a gift this holiday season, gift cards are a great option. Keep these 10 stats in mind when you're shopping for gift cards on Black Friday.

Table 1: Top 10 Gift Card Retailers on Black Friday

Rank	Retailer	Sales (in billions)
1	Amazon	$5.1
2	Walmart	$3.8
3	Home Depot	$3.2
4	Target	$2.9
5	Best Buy	$2.6
6	Lowe's	$2.3
7	Starbucks	$2.1
8	Gap	$1.9
9	Macy's	$1.8
10	Kohl's	$1.7

Table 2: Top 10 Gift Card Categories on Black Friday

Rank	Category	Sales (in billions)
1	Clothing	$2.5
2	Electronics	$2.3
3	Home Decor	$2.1
4	Food and Beverage	$1.9
5	Sporting Goods	$1.7
6	Entertainment	$1.5
7	Health and Beauty	$1.3
8	Jewelry	$1.1
9	Travel	$1.0
10	Other	$0.9

Table 3: Benefits of Buying Gift Cards on Black Friday

Benefit	Description
Convenience	Gift cards are easy to purchase and give.
Flexibility	Gift cards can be used at any store that accepts the card.
Discounts	Gift cards are often discounted on Black Friday.
Versatility	Gift cards can be used to purchase anything.
Rewards	Gift cards can be used to earn rewards.
Thoughtfulness	Gift cards are a thoughtful and easy way to show someone you care.

Table 4: Common Mistakes to Avoid When Buying Gift Cards on Black Friday

Mistake	Description
Not checking the balance	Make sure the gift card has a balance before you purchase it.
Not reading the terms and conditions	Make sure you understand the terms and conditions of the gift card before you purchase it.
Not storing the gift card securely	Make sure you store the gift card securely so that it doesn't get lost or stolen.
Not using the gift card within the redemption period	Make sure you use the gift card before the redemption period expires.
Not checking the gift card balance before making a purchase	Make sure you check the gift card balance before you make a purchase to avoid any surprises.