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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: The secret life of gift cards: Here’s what happens to the billions that go unspent each year
Description: Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays.
Americans were expected to spend nearly $30 billion on gift cards last holiday season, according to the National Retail Federation. Restaurant gift cards were the most popular, making up one-third of those sales.
Most of those gift cards were redeemed. Paytronix, which tracks restaurant gift card sales, says around 70% of gift cards are used within six months.
But many cards — tens of billions of dollars’ worth — wind up forgotten or otherwise unused. That’s when the life of a gi...