Monday, June 13, 2005

Unused gift cards deliver $43 million to Home Depot

This is crazy that retailers can charge you for holding their gift cards.
Many retailers charge you a monthly fee after a few months if you do not use them.
This is insane.
Do not let this happen.

The nation's No. 2 retailer (NYSE: HD) recognized the gain from gift card "breakage" for the first time ever, in a quarterly filing with the Securities and Exchange Commission. Breakage is the balance remaining on gift cards that a retailer can claim when the cards expire, are lost or are unused for a lengthy period.

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