Talk to Clark 1-4pm ET: (877) 87-CLARK or (404) 872-0750
advertisement
Looking for something on the site? Search for it here! Also see Clark's Greatest Hits
Jun 10, 2005 -- Money goes to waste on gift cards
Clark despises gift cards. They are a terrible waste of money and a complete rip-off. Basically, youre taking real American money and turning it into a piece of plastic that can only be used in one store. Theyre worthless in Clarks opinion. And a recent story in Biz Journal publications showed the breakage figure of Home Depots gift cards. Breakage is the amount made from cards that were either not redeemed or only used in part. Home Depot made $43 million in breakage profit last year. Retailers know this is a great con they can play on their customers. Starbucks sold 21 million gift cards alone last year. Clark doesnt get it. How can giving money be cold and crass, but a gift card is fine? Give the cash or give a nice greeting card instead. Its much safer and cost effective.
Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.