CardCash.com now offers discounted gift cards for sports tickets and merchandise, helping fans save during the 2025 MLB season.
Quiver AI Summary
Giftify, Inc. announced the expansion of its CardCash.com platform into the sports retail sector, offering consumers a way to save on high-demand MLB tickets and merchandise as the 2025 season approaches. With rising costs averaging $152 for a family of four to attend a game, CardCash.com aims to alleviate financial burdens by providing discounted gift cards from popular retailers like StubHub and Nike. Consumers can save 10-20% on tickets and gear, making game attendance more affordable. Additionally, the platform allows users to exchange unused gift cards for cash or credit, creating a complete financial environment for sports fans. This initiative is part of Giftify's growth strategy as it seeks to engage more regularly with consumers in the sports domain.
Potential Positives
- Expansion of the CardCash platform into the high-margin sports retail sector positions Giftify, Inc. to tap into a growing market with significant savings for consumers.
- The introduction of discounted gift cards from major retailers like StubHub, Nike, and Fanatics enables consumers to save 10-20% on essential sports expenditures, enhancing customer appeal.
- The initiative encourages fans to exchange unused gift cards, promoting engagement and creating a financial ecosystem that benefits both the company and consumers.
Potential Negatives
- The reliance on discounted gift cards to drive sales may indicate a lack of strong demand for the company's primary offerings, suggesting potential weaknesses in their core business model.
- The press release emphasizes rising ticket prices and costs associated with attending games, which may paint a negative picture of the current economic environment and consumer willingness to spend.
- Strong reliance on forward-looking statements introduces uncertainty, as there are significant risks and uncertainties that could affect the company's future performance, potentially undermining investor confidence.
FAQ
What is CardCash.com's new offering for sports fans?
CardCash.com now provides discounted gift cards for sports tickets and merchandise to help fans save on expenses.
How much can fans save with CardCash gift cards?
Fans can save between 10-20% on tickets, jerseys, and game-day essentials using CardCash's discounted gift cards.
Which retailers are included in CardCash.com's platform?
CardCash.com offers gift cards from popular retailers including StubHub, Nike, Adidas, Under Armour, Dick's Sporting Goods, and Fanatics.
Can unused gift cards be monetized on CardCash.com?
Yes, fans can exchange unused gift cards for cash or store credit, turning forgotten cards into valuable game-day assets.
What is the average cost to attend a baseball game?
The average cost for a family of four to attend a baseball game is approximately $152, with premium seats increasing much more.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GIFT Insider Trading Activity
$GIFT insiders have traded $GIFT stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GIFT stock by insiders over the last 6 months:
- STEVE HANDY (CFO) has made 3 purchases buying 25,620 shares for an estimated $654,653,250 and 0 sales.
- BALAZS WELLISCH (CTO) has made 2 purchases buying 36,000 shares for an estimated $53,700 and 0 sales.
- KETAN THAKKER (CEO) has made 2 purchases buying 12,350 shares for an estimated $17,109 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
CardCash Platform Provides Cost-Reduction Strategy for High-Demand Sports Tickets and Merchandise Ahead of 2025 Major League Baseball (MLB) Season
Platform Supports Savings on Popular Sports Retailers Including StubHub, Nike, Adidas, Under Armour, Dick's Sporting Goods, and Fanatics
SCHAUMBURG, IL, March 05, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ:GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced the expansion of its CardCash.com platform into the high-margin sports retail sector, offering consumers smart saving solutions for sports fans to save on tickets, apparel and game-day essentials as part of the Company’s strategic growth initiative for 2025.
With the 2025 MLB season getting underway, fans are facing rising costs for tickets, gear, and game-day essentials. The average cost of attending a baseball game has climbed to
$152
for a family of four, with premium seats seeing increases as high as
38.8%
. But
CardCash.com
, a leading secondary gift card exchange operated by Giftify, is stepping up to help fans save.
By using discounted gift cards from
StubHub, Nike, Adidas, Under Armour, Dick’s Sporting Goods, and Fanatics
, families can cut costs on tickets, jerseys, and game-day snacks.
For example, a family of four heading to a Yankees game this season, their tickets alone would cost over $300, but by paying with StubHub gift cards purchased at CardCash.com at an 11% discount, they save over $30. Grabbing team gear from MLB Shop? That's another 11% saved.
Making Baseball More Affordable
“With rising ticket prices, fans are looking for ways to save without missing out on their favorite teams,” said Carol Rosenblum, Marketing Manager at CardCash.com. “By using our discounted gift cards, baseball lovers can cut costs by 10-20%, whether they’re buying tickets, upgrading their game-day outfits, or picking up tailgating gear.”
Spring Cleaning: Turn Unused Gift Cards into Game-Day Cash
The CardCash.com platform offers a comprehensive solution for sports fans: not only can they purchase discounted gift cards to save on upcoming expenses, but they can also monetize unused gift cards by exchanging them for cash or store credit—creating a complete financial ecosystem for sports enthusiasts. Just as fans engage in spring cleaning around their homes, CardCash encourages them to clear out their wallets and drawers of forgotten gift cards and transform that untapped value into memorable sports experiences.
“As MLB teams welcome fans back to stadiums across the nation, this is the perfect time for people to check their wallets, trade in unused gift cards, and put those funds toward experiences they’ll actually enjoy,” said Ketan Thakker, CEO of Giftify, Inc. “Why let old gift cards go to waste when they can help get you to the ballpark? This sports fan initiative represents a key component of our 2025 growth strategy to penetrate high-frequency consumer spending categories while building recurring engagement with our platform.”
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks.
For more information, visit:
www.giftifyinc.com
and
www.cardcash.com
and
https://www.restaurant.com
.
Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Investors Contacts:
IR@giftifyinc.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
