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    Retail

    Unused Gift Cards Profit Retailers By $4.8 Billion

    By Ben Popken, 7:06 PM on Mon Dec 18 2006, 174 views

    Six percent of this year's gift cards will go unused, netting retailers $4.8 billion in free money, the AP reports.

    Gas and supermarket gift cards, however, have close to a 100% use rate.

    What can we say? Gift cards aren't for slothful recipients. — BEN POPKEN

    Retailers profit from unused gift cards [AP] (Thanks to dohtem!)

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