U.S. gift card sales 2006-2021
Gift card usage
A gift card is a prepaid payment card that contains a specific amount of money available for use either online or in-store. Gift cards may be closed loop, only redeemable with a single retailer, or open loop, redeemable from any merchant which accepts payment through the gift card in question. Amazon is the gift card of choice for Americans during the holiday season, with over half of Americans choosing Amazon as their preferred gift card to receive. Gift card usage varies between consumers, with some planning to use it during a good sale or promotion, and others choosing to use it as quickly as possible.
Total retail sales in the United States were projected to amount to 6.03 trillion U.S. dollars in 2022, up from around 5.4 trillion U.S. dollars in 2018. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. There are around four million retail establishments in the United States. Walmart, Amazon, The Kroger Co., Costco, and Target are a selection of the leading retailers in the United States.