This isn't terribly surprising:
Shoppers across America have millions of gift cards tucked away in envelopes, drawers and wallets. And some of the nation's largest retailers are profiting as a result.
[. . . ]
Last winter, Best Buy Co. reported a $43 million gain in fiscal 2006 from cards that hadn't been used in two or more years. Limited Brands Inc. recorded $30 million in 2005 revenue because of unredeemed cards.
I hate gift cards, one reason being that I'm one of those who lose track of them. I cleaned a corner table in my living room once and found a card that had expired three months earlier. I have one around the house right now, but for the life of me I can't remember where. A gift card is a way of saying you don't know what to get someone. Cash would be a much better method of expressing that particular sentiment.
Comments
I disdain gift cards for stores I don't normally frequent (such as Penneys)....I mean even a $100 card doesn't go that far THERE...does it?
(wow...I got a sheet set AND a wallet!!!)
For practicality's sake...give me a gift card I can fully utilize...like a MENARDS or LOWES card...!
(nothing says Merry Christmas quite like Home Improvements...does it?)
;)
I bet you wouldn't forget to use a gas gift card--but it would have to be for $50 to fill the tank.
Anyone that gives ME a gas gift card would be a friend for life...LOL!
;)
B.G.