How to lose your money _ Buy gift cards

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34 replies · 6K views
Evo said:
Wow, Woolworth's closed down in the US ages ago. They tried to update them them as Woolco, but that also failed. I used to go to Woolworth's all of the time when I was little.
Woolworth's here had lunch counters, stamp-collecting supplies, needles and thread, photo-processing drops, toys, etc, etc. 45-50 years ago, it could be a treat to go there, though we never had much money to spend and spent a lot more time looking than selecting and buying.

Woolworth's specialized in low-cost stuff, so you could get a deal on generic envelopes, crepe paper, glue, cellophane tape, etc. Sam Walton probably looked at the Woolworth game plan and thought "not big enough".
 
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Never understood why people give out gift cards. Why not just cash? Cash is more liquid. Gift cards are simply just cash that you are forced to spend in one place. Seems stupid.
 
russ_watters said:
That article was about unspent gift cards, not gift cards for companies that went under.

Yes I can read.