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Holiday Economic Headlines
Paul at Wizbang has a good headline roundup, including something I didn’t know, and that is that gift card spending doesn’t count until the card is actually used. This surprised me, because the money has been given to the store, but I guess it is offset by a liability until it is used.
And in addition, it seems to me that often someone will spend more than what is on their gift card. If you’re given a $20 gift card, you might buy a $25 gift and pay the extra $5.
Friday was Walmart’s biggest day ever. Amazon.com took 108 million orders. Holiday spending up 9%. etc.
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Comment by SEXMENS — April 7, 2006 @ 12:14 am