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Giftify, Inc.'s CardCash Platform Offers Relief on Grocery Bills as Egg Prices Soar in 2025
Newsfilter· 2025-03-18 12:30
Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and inflation in the grocery and restaurant sectors [1][2][4] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [6] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [6] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering thousands of dining, retail, and entertainment deals [6] Group 2: Market Conditions - The average price for a dozen eggs reached $4.95 in January, with forecasts predicting a 41% increase this year due to supply chain disruptions from a bird flu outbreak [3] - The bird flu led to the culling of 18.8 million hens in January, significantly impacting egg supply and prices [3] - Rising food costs are also attributed to increased tariffs, labor shortages, and transportation costs, creating a challenging environment for consumers [4] Group 3: Consumer Solutions - Discounted gift cards provide immediate savings for consumers on groceries and dining, helping to offset rising prices [2][5] - CardCash.com offers discounts at major grocery retailers like Giant Foods, Kroger, and Trader Joe's, as well as popular restaurants such as IHOP and Olive Garden [4] - The platform aims to alleviate financial strain on households by providing practical tools for cost reduction during periods of food inflation [5]
Giftify, Inc.’s CardCash Platform Offers Relief on Grocery Bills as Egg Prices Soar in 2025
Globenewswire· 2025-03-18 12:30
Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and overall inflation in grocery and restaurant sectors [1][2][4] Industry Overview - The average price for a dozen eggs reached $4.95 in January, with forecasts suggesting a potential increase of over 41% this year due to supply chain disruptions caused by a bird flu outbreak that led to the culling of 18.8 million hens [3] - Restaurants are responding to increased ingredient costs by adjusting their menus, with chains like Waffle House and Denny's implementing surcharges on egg-based dishes [3][4] Company Strategy - Giftify's CardCash.com offers discounted gift cards for major grocery retailers and popular restaurants, providing consumers with immediate savings to offset rising food prices [4][5] - The platform includes discounts for grocery stores such as Giant Foods, Kroger, and Trader Joe's, as well as dining options at restaurants like IHOP, Texas Roadhouse, and Olive Garden [4][5] Consumer Impact - Discounted gift cards are positioned as a practical tool for consumers to reduce food expenses during a period of inflation, allowing them to maintain their shopping and dining habits without significant changes [4][5]
Giftify, Inc. Launches Sports Ticket & Merchandise Savings Platform as Fan Expenses Surge
Newsfilter· 2025-03-05 13:30
Core Insights - Giftify, Inc. is expanding its CardCash.com platform into the sports retail sector to provide cost-saving solutions for consumers ahead of the 2025 MLB season [1][5] - The average cost for a family of four to attend a baseball game has risen to $152, with premium seats increasing by up to 38.8% [2][3] - CardCash.com offers discounted gift cards from major retailers, allowing families to save 10-20% on tickets and merchandise [4][5] Company Strategy - The initiative aims to help sports fans save on tickets, apparel, and game-day essentials, aligning with the company's strategic growth for 2025 [1][5] - The platform allows users to monetize unused gift cards, creating a financial ecosystem for sports enthusiasts [4][5] - The CEO emphasizes the importance of utilizing old gift cards to enhance the fan experience at ballparks [5] Market Context - Rising ticket prices are prompting fans to seek savings without sacrificing their enjoyment of the sport [4] - The company positions itself as a leader in the incentives and rewards industry, focusing on high-frequency consumer spending categories [5][6]