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Mar 29, 2007 -- Simon gift cards sticking around

Clark is not a big fan of gift cards, as you may or may not know. And Simon gift cards are on his list, in particular. The Simon company has existed for years on taking people’s money over time. People buy a Simon gift card for someone, but if the recipient takes a while to use it, the money starts to vanish. Non-use fees, expiration fees, whatever you want to call them. This card is designed to take the money so you can’t use it. And apparently, the company is going to stick around for a while longer. Simon just won in a suit that had reached the Georgia Supreme Court, trying to prevent the company from existing. The good news in Clark’s opinion is that gift card sales have actually leveled off this past year. Gift card sales had been going up for years. But hopefully people are catching on and reaching a limit.

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