Predict your next investment

Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
pitneybowes.com

See what CB Insights has to offer

Founded Year

1920

Stage

IPO | IPO

Market Cap

1.31B

Stock Price

7.15

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a global technology company offering products and solutions that enable commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global ecommerce.

Pitney Bowes Headquarter Location

3001 Summer St.

Stamford, Connecticut, 6926,

United States

844-256-6444

Latest Pitney Bowes News

Pitney Bowes Survey: More than Half of U.S. Has Started Holiday Shopping; Increased Gift Card Spending Will Extend Holiday Shipping into January

Nov 23, 2021

“Compared to last year, U.S. consumers are shopping earlier and plan to take greater advantage of Black Friday / Cyber Monday deals, ship more gifts to more loved ones, and increase spending on gift cards” “Compared to last year, U.S. consumers are shopping earlier and plan to take greater advantage of Black Friday / Cyber Monday deals, ship more gifts to more loved ones, and increase spending on gift cards,” said Vijay Ramachandran, VP Market Strategy for Global Ecommerce at Pitney Bowes. Key trends heading into the heart of the holiday shopping season include: More than 50% of US consumers have already started shopping for the holidays and those early shoppers have completed nearly half (46%) of their planned purchases. 1 in 3 consumers plan to shop BFCM deals more this year vs. last year. Only 12% say they will shop BFCM deals less. Black Friday has become an online-first shopping holiday with 78% of consumers planning to do their deal hunting online. – Morning Consult. The majority of consumers expect BFCM deals to last all season long. – Morning Consult Consumers will do most of their holiday shopping in the next three weeks, with 63% planning to finish online shopping by December 13. With travel still below pre-pandemic levels, 60% of consumers plan to ship their holiday gifts to an average of five recipients this year The year of the gift card? Amidst supply chain anxieties and lingering COVID-19 concerns, nearly one-third of consumers plan to buy gift cards online as part of their holiday shopping this year. Nearly one-third also have a greater preference for both sending and receiving gift cards than they did a year ago. Ramachandran said, “Those waiting until the last minute to shop are likely to be impacted most by inventory shortages and shipping delays and will probably also turn to gift cards to finish their shopping. That means the holiday shopping and shipping season could last well into January as consumers use those gift cards.” Millennials drive gift card spending across nearly all product categories, representing more than one-third (37%) of dollars typically spent. General merchandise store brands like Amazon, Walmart and Target rank number one for both gift card popularity and spending, with nearly three in four (74%) shoppers saying they’ve purchased a general merchandise store gift card, spending an average of $56.90. Apparel and footwear come in second ($51.05), with electronics following at a close third place ($50.60). Most consumers who receive a gift card (58%) plan to spend it either within days or a few weeks after the holiday. Methodology The BOXpoll® consumer survey by Pitney Bowes is a weekly consumer survey on current events, culture and ecommerce logistics. Morning Consult conducts weekly polls on behalf of Pitney Bowes among a national sample of more than 2,000 online shoppers. The results included in this press release are extracted from surveys conducted over the past month. The interviews were conducted online, and the data were weighted to approximate a target sample of adults based on age, educational attainment, gender, race, and region. Results from the full survey have a margin of error of +/- 2 percentage points.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Pitney Bowes

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pitney Bowes is included in 1 Expert Collection, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

Pitney Bowes Patents

Pitney Bowes has filed 513 patents.

The 3 most popular patent topics include:

  • Postal system
  • Collation
  • Fluid dynamics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/31/2011

3/24/2020

Payment systems, Email, Postal system, Banking, Banking technology

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

12/31/2011

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

3/24/2020

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Payment systems, Email, Postal system, Banking, Banking technology

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Pitney Bowes Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Pitney Bowes Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.