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Non-Tech : Home Depot (HD)
HD 368.10-0.8%3:59 PM EST
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To: David Phaneuf who wrote (453)12/27/1998 3:38:00 PM
From: Carl Yee  Read Replies (2) of 1169
 
I am not sure I see what the concern is over the gift cards. Is it a worry over having to carry these as an accrued item rather than crediting them to sales directly? I don't see how they will decrease inventory turns?

One advantage I see, although HD doesn't need the cash, is the float as these cards are not all converted in a short time. hence, until they are used, HD can keep the cash working, sort of like American Express Travelers Checks. Should add to the bottom line.
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