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Study: Many shoppers plan to buy gift cards this holiday
LOUISVILLE, Ky. — Spend on prepaid gift cards is on the rise this holiday season, as a significant majority (70%) of shoppers plan to purchase gift cards this season, according to an interim holiday spending report released by Stored Value Solutions, a provider of gift cards and stored value services. According to the report, 92% of shoppers plan to spend either the same amount or more on gift cards than they spent last year. And for the eighth straight year, gift cards have been the most desired holiday gift. -
Five Below names Walmart’s Anderson president
Teen and pre-teen retailer Five Below landed two senior executives from Walmart.com and Ascena Retail Group for key roles as it looks to accelerate an already rapid pace of growth.
Walmart.com president and CEO Joel Anderson will join Five Below as president in July to oversee all aspects of merchandising, stores and marketing. Eric Specter, most recently EVP and chief integration officer for Ascena, will serve as Five Below’s chief administrative officer and oversee supply chain, information technology and real estate.
