Partial Purchase Means Gift Giving is Steady in a Roller Coaster Economy
The dramatic ups and downs of the stock market has not slowed gift giving but data from Felicite.com, indicates the economy may play a role in the types of gifts and how they are given. Felicite.com is a gift registry service and holds the patent on partial purchase for gift giving.
Stamford, CT, November 01, 2008 --(PR.com)-- The dramatic up and down of the stock market has not slowed gift giving but data from Felicite.com Gift Registry Network indicates the economy may play a role in the types of gift and how they are given. Felicite.com is an online gift registry service most typically used for wedding and baby showers. “While consumers can tighten the reins on their own spending, there is still a social obligation to buy a friend a gift to celebrate their new baby or wedding”, says VP Marketing Peter DiSalvo.
Felicite.com holds the patent on partial purchase for a gift registry. In short this means many gift givers can contribute to the cost of one gift. “Over the last couple of months our partial purchase option is now accounting for over 25% of gift giver transactions that’s roughly 10% higher than the same period last year” says DiSalvo. Felicite’s partial purchase means a gift giver can still fulfill the gift giving obligation and keep within their budget.
Felicite registrants can also list cash gifts like a down payment on a home or contribution to a honeymoon fund. This type of gift listings is also on the rise. One could argue that people like the flexibility of receiving money so they are asking for it more often, or is it a direct reflection on the current economic times.
“We can’t say definitely this trend is a direct cause of the market", adds DiSalvo, "However the last couple of months show a spike in gift givers splitting the cost of gifts and a spike in registrants asking for a cash gift instead of a physical gift like a new toaster or microwave.”
Based in Stamford, Connecticut Felicite.com is the leading provider of private label gift registry systems for on-line and off-line merchants. Its system can be quickly integrated with a merchant's retail store, web site, or mail order operations, and is the only system with the patented Partial Purchase feature.
For information Felicite Gift Registry network please contact Peter DiSalvo, VP Marketing, peterd@felicite.com or (203) 274-6025.
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Felicite.com holds the patent on partial purchase for a gift registry. In short this means many gift givers can contribute to the cost of one gift. “Over the last couple of months our partial purchase option is now accounting for over 25% of gift giver transactions that’s roughly 10% higher than the same period last year” says DiSalvo. Felicite’s partial purchase means a gift giver can still fulfill the gift giving obligation and keep within their budget.
Felicite registrants can also list cash gifts like a down payment on a home or contribution to a honeymoon fund. This type of gift listings is also on the rise. One could argue that people like the flexibility of receiving money so they are asking for it more often, or is it a direct reflection on the current economic times.
“We can’t say definitely this trend is a direct cause of the market", adds DiSalvo, "However the last couple of months show a spike in gift givers splitting the cost of gifts and a spike in registrants asking for a cash gift instead of a physical gift like a new toaster or microwave.”
Based in Stamford, Connecticut Felicite.com is the leading provider of private label gift registry systems for on-line and off-line merchants. Its system can be quickly integrated with a merchant's retail store, web site, or mail order operations, and is the only system with the patented Partial Purchase feature.
For information Felicite Gift Registry network please contact Peter DiSalvo, VP Marketing, peterd@felicite.com or (203) 274-6025.
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Felicite.com
Peter DiSalvo
1 203 274-6025
http://www.Felicite.com/
Peter DiSalvo
1 203 274-6025
http://www.Felicite.com/
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