Giftify, Inc.’s CardCash Announces 57% Year-Over-Year Growth in Face Value of Gift Cards Sold from Black Friday Through Cyber Monday
Giftify, Inc. (GIFT)
Company Research
Source: GlobeNewswire
SCHAUMBURG, IL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce robust sales growth of approximately 57% for the recent shopping holiday of Black Friday through Cyber Monday. This growth resulted in $3.1 million in face value of gift cards sold and was comprised of 8,825 orders with an average order size of $347. CardCash has sold over 1 million gift cards year-to-date aggregating nearly $125 million in total face value. Top ranked brands sold: Home Depot #1Walmart #2Kohl’s #3Best Buy #4 Mobile activity up to 62% of all gift card transactions. Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, “As we approach our one year anniversary of owning CardCash, we have strengthened the platform and have improved efficiencies. We are extremely pl
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