Booming 2020 gift card sales could hurt retailers this year and help them next year

December 28, 2020

Ex Walmart CEO Bill Simon says higher gift card purchases now may hurt retailers a little this year, but help them in 2021. A Blackhawk Network survey expects an increase of nineteen percent in purchases this year. Simon says it’s hard to measure holiday sales since gift card purchases cause liabilities on balance sheets now, but will help sales as they are redeemed.

 

 

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.