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To: Keith J who wrote (53612)4/28/1999 8:19:00 PM
From: tonyt  Respond to of 164684
 
>There's nothing wrong with deferring gift certificate revenue until they're redeemed.
>All the major retailers do it.

Do you know if Amazon did? If so, it would explain Covey's statement that 2Q Rev Growth To Be Slower Than Trend". If not, then "Lucy, you got some 'splain to do"



To: Keith J who wrote (53612)4/28/1999 8:22:00 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 
There's nothing wrong with deferring gift certificate revenue until they're redeemed. All
the major retailers do it.

Keith,

That is not exactly accurate. Major retailers defer the sale but not the revenue.

Glenn


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