You may not believe in ghosts butStarbucks' financials sure do.
That’s a whole lot of money hiding deep within countless wallets and between sofa cushions.
Customers collectively spendbillions on Starbucks gift cardseach holiday season.
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What is new, however, is the recent uptick in breakage.
Starbucks has beenunwelcoming toward internal unionization effortsamong employees, to put it mildly.
These changes in reporting are unfair to investors, the SOC posits.
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In all fairness to Starbucks, the SOC isn’t exactly an unbiased party.
Breakage represents “a very large percent of their transactions and total US sales,” he added.
Starbucks gift cards never expire.
Per Starbucks' latest annual filing, unspent redemption patterns vary by market.
Does all of this mean you should leave Starbucks gift cards off your holiday shopping list this year?
