gift cards
2 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Dec 13, 2022 by Alex Lieberman · across every show →
Everything said about gift cards, oldest first
Dec 13, 2022 positive
Lieberman: Starbucks keeps $160 million annually from unredeemed customer deposits
“With breakage, it means basically people who are getting Starbucks gift cards or have money in the app, 10% on average will never actually use that money. And so, they're basically, what's happening is Starbucks is getting lent, 1.6 billion dollars, and they'r…”
Dec 13, 2022 positive
Amoruso: Customer gift cards and app balances act as upfront business loans
“Between that and the same thing with, you know gift cards, you know, and this goes for any business that has gift cards. That's kind of like the simplest I guess not, it's not loyalty, but it's your customers giving you a loan in advance that you can use to ru…”