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'£250m wasted per year' on unused gift cards
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=16212		 Page 1 of 1
Author:  pcernie [ Sun Apr 08, 2012 8:40 am ]
Post subject:  '£250m wasted per year' on unused gift cards
http://www.bbc.co.uk/news/uk-17644528

No wonder, every bloke I know gets one and thinks 'I don't really need/want anything right now, and there's no point in adding money to it until then...' :oops:
Author:  Linux_User [ Sun Apr 08, 2012 10:24 am ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
Quote:
"For a retailer, a gift card or voucher remains a liability on the books so at some point it makes good financial sense to remove that liability."

Er, sure, except you've already had payment for that liability dunderhead.
Author:  l3v1ck [ Sun Apr 08, 2012 11:35 am ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
Another good reason to give people money rather than gift cards.
Author:  jonbwfc [ Sun Apr 08, 2012 11:54 am ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
I've certainly had gift cards for shops that I haven't used. I got quite a high value one for a certain chain of sports shops and I went in and found absolutely nothing I wanted to spend it on. Said chain apparently believed the definition of 'sports' was 'shell suits and ludicrously overpriced trainers'. No actual sports gear and nothing I'd actually want to wear in the gym either, because most of it looked like it'd fall apart after about 5 minutes. Felt quite sad actually because the gift was obviously well intentioned and in the end the card lifespan ran out before I used it.

That's probably another issue actually - as far as I know, cash has no 'use by date'.

Jon
Author:  JJW009 [ Sun Apr 08, 2012 12:00 pm ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
Gift cards - how to ruin perfectly good cash.
Author:  davrosG5 [ Sun Apr 08, 2012 9:55 pm ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
JJW009 wrote:
Gift cards - how to ruin perfectly good cash.


The best gift card is a Bank of England (or Scotland) one.
Author:  cloaked_wolf [ Mon Apr 09, 2012 8:55 am ]
Post subject:  Re: '£250m wasted per year' on unused gift cards
Gift cards can be useful at times. Certainly I have bought things that I would not have bothered to buy with raw cash. The ones I hate are for clothes shops, namely because I hate clothes buying.
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