Retail Occasions Series: All Year Gifting Cards & Gift Wrap 2024

Retail Occasions Series: All Year Gifting Cards & Gift Wrap 2024 Summary The All Year Gifting Cards & Gift Wrap 2024 report forms part of GlobalData’s Retail Occasions series, and offers comprehensive insight into the consumer dynamics and spending habits of consumers for year-round gifting occasions, such as birthdays, weddings and new babies. The report analyses the market, the major players, the main trends, and consumer attitudes. Cards & gift wrap purchases have fallen versus 2023, effecting physical and online card and gift wrap consumption overall. Though sentiment around financial wellbeing is steadily improving, consumers are driven by promotional activity and value for money, as such impulse driven purchases have fallen this year as consumers rein in spending. The report provides a comprehensive analysis and forecast of the market, offering insights into consumer behaviour, and economic factors affecting the industry. This report aims to serve as a valuable resource for retail businesses, investors, policymakers, and other stakeholders interested in the future of the year-round cards & gift wrap market in the UK. Scope - Growth in the all year gifting cards & gift wrap market is expected to rebound in 2025. - General merchandisers and convenience store retailers are boosting physical store purchases of cards & gift wrap, as value for money and convenience drive retailer selection. - Over half of consumers have cut down on the number of cards they purchased in 2024 to save money. Reasons to Buy - Understand the ongoing impact of inflation on consumers attitudes and shopping behaviours. - Understand what drives consumers to use a retailer for their purchases, such as convenience, value for money and delivery options in order to maximise sales potential. - Use our in-depth consumer insight to understand how consumers are prioritising year-round purchases of cards & gift wrap and align product ranges to their needs.