Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Website creates a unique way to save on holiday shopping

Website creates a unique way to save on holiday shopping.

Nov 29, 2012. Auckland, New Zealand.
Thanks to the rising popularity of gift cards, the bargain hunters might just find themselves saving a little more than usual this year, simply by using those gift cards to pay for shopping instead of money.

Throughout the last few years, gift cards have been on a constant climb in terms of use and popularity. Leveraging this phenomena, a website called Power Gift has come up with a unique way to sell consumers gift cards for lower than their face value. A $100 gift card for a certain store can be purchased for as low as $65, essentially saving the user $35 on any item in store.

“There’s a trend that really picks up during this time of the year, when consumers are out to find the best deals around. They go to Power Gift to grab discounted gift cards for stores which they already know they’ll be shopping at, so it’s a win situation” says Allen Shegay, a recent Massey University graduate and the founder of Power Gift.

The website has been up for just under a year but has already had thousands of consumers visiting it. During the busiest times one in every dozen will register an account with the site.

Power Gift works thanks to consumers who find themselves holding onto unwanted gift cards. They can quickly exchange those them for percentage of money with Power Gift. This allows the site to find those gift cards a new home by selling them at discounted prices.

Currently Power Gift is running holiday specials and is offering free shipping on any purchase.

www.powergift.co.nz

//ENDS.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news