Monday, December 18, 2006

UNUSED GIFT CARDS = BIG PROFIT

Best Buy earned $43 million in fiscal 2006 from gift cards that have not been used for two or more years. Limited Brands reported $30 million in revenue in 2005 from the unused cards. Consumer Reports estimates that 19% of gift cards go unused. Keane Co. has a lower estimate of about 6%, or $4.8 billion.

AP at Yahoo!

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