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04:17 PM MST on Friday, November 26, 2004
Shopping malls the Friday after Thanksgiving often resemble "Night of
the Living Dead" — but with much more energetic zombies. Park Place Mall
clerks giggled and shivered describing how customers ran across the
parking lot before 6 a.m. to tear at store doors.
But in Borders Books Music & Cafe, Anuta Sepulveda found a perfect
Christmas gift for her 9-year-old nephew at a rack of gift cards.
"He loves 'Goosebumps' books," said Sepulveda, referring to the popular
series of spooky folk tales and ghost stories. "But I'm not sure which
ones he collected. He'll love using a plastic card to buy whatever he
needs whenever he wants, like a grown-up."
Sepulveda is part of a retail phenomenon. More than 74.3 percent of
Americans will buy $17.3 billion worth of gift cards this Christmas,
according to the National Retail Federation. That's up from 69.9 percent
last holiday season. The average shopper will spend $108.28 on the
bright colored, plastic slivers.
Some Border's gift cards are packaged with four truffles from Joseph
Schmidt Confectioners. Borders manager Michael Fenlason at Park Place
believes the candy reassures customers who think a gift card may be too
impersonal, like giving cash.
But research shows that gift card stigmas are fading fast.
"Gift certificates were considered a lazy shopper's Christmas present
but gift cards triggered a huge shift in attitudes, especially among
young shoppers," said Phil Rist, managing director of BIGresearch. His
Ohio-based firm conducts surveys for the retail federation. "In this
economy, they don't want to spend money on an extravagant gift the
recipient will seldom use."
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