Birthday Greetings, Now Sent by Text and Twitter; Hallmark’s card sales dropped to 5 billion cards a year in 2012, down from 6 billion in 2011. American Greerings went private this year after rapid declines in sales

AUGUST 20, 2013, 9:00 AM

Birthday Greetings, Now Sent by Text and Twitter

By NICK BILTON

On my birthday, I received a slew of lovely birthday greetings.

By early morning I had stacked up 93 birthday wishes on Facebook — one even included a $5 Starbucks gift card! About 20 strangers digitally congratulated me on Google Plus. A dozen people chirped “happy birthday” to me on Twitter. Fifteen friends and family members sent me emoji-filled birthday wishes over text message. Eight over e-mail. Two voicemails. And one person yelled Happy Birthday on SnapChat.But I didn’t receive a single physical birthday card. It was the first year since I was born that my birthday wishes were all digital.

The collapse of the greeting card industry has been a long time coming. According to a 2010 report by the United States Postal Service, the number of greeting cards mailed within the U.S. has declined by 24 percent from 2002 to 2010, and continues to drop today.

report this year from IbisWorld, a research firm that monitors the greeting cards industry, the sale of traditional cards — including some other printed products like diaries — has fallen by 60 percent over the last decade, to $5 billion a year.

These declines are clearly hurting companies that once made billions of dollars from little square cards that required a pen and a stamp.

American Greetings, the No. 2 paper card maker after Hallmark, purchased its shares and went private this year after rapid declines in sales. American Greetings’ stock was valued at 65 percent less than it was in 1998. The company told The Wall Street Journal that it still had millions of American customers, but, there was a caveat: “The average customer is in their 40s.”

Hallmark’s card sales dropped to 5 billion cards a year in 2012, down from 6 billion in 2011.

So how are people wishing their loved ones happy birthdays? Another report by IbisWorld notes that digital greeting cards continue to rise, up to $4 billion in sales in 2013, a 20-percent increase from 2012.

But even that increase could be fleeting.

While these digital greetings companies, including Egreetings and Blue Mountain, have been on the rise for years, it seems that even that is too much for most of the people I know — not all of whom are digital nomads.

My 89-year-0ld grandfather e-mailed me happy birthday. My father called me (and left a voicemail). And my mother wished me and my twin sister birthday greetings on Twitter. Close friends who once took to Facebook to share their salutations seemed to think that was now too impersonal and instead chose text messages as the preferred form of communication.

For me, I’m just grateful people remembered my birthday, though I probably have Facebook to thank for that, too.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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