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Category Archives: news

Retail Gift Card Association Announces New Additions to Board of Directors

    WASHINGTON, April 24, 2014, PRNewswire — The Retail Gift Card Association (RGCA), a trade association of diverse, closed loop gift card retailers committed to promoting and protecting the use of gift cards, announced today the election of three new individuals to the Board of Directors including Steven Kane from SpaFinder Wellness; John DeCastro with Dine

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    Senators Target Expiration Dates on Promotions

      CQ WEEKLY – VANTAGE POINT Dec. 15, 2012 – 1:19 p.m. Senators Target Expiration Dates on Promotions By Shawn Zeller, CQ Staff Holiday shoppers are picking up lots of promotional gift cards this month. The deals have become ubiquitous. The outdoor retailer REI, for instance, is offering a $20 card for every $100 a customer

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      State Tax Snapshot: Gift Cards Targeted for Escheat Enforcement

        State Tax Snapshot: Gift Cards Targeted for Escheat Enforcement
        Gift cards are exempt from unclaimed property reporting requirements in many states. In states where gift cards are subject to escheatment, a three-to-five year presumed abandonment period applies. But a growing minority of states are stepping up their efforts to subject unredeemed gift card amounts to escheatment.

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        TJX Aquires Sierra Trading

          TJX Acquires Internet Offpricer Sierra Trading Friday December 21st, 2012 – 3:19PM Sierra Trading Post, an offprice Internet retailer based in Cheyenne, WY, now is part of The TJX Cos, Inc. The traditional offpricer purchased the Internet operation for $200 million, subject to customary post-closing adjustments, TJX announced. The company paid the purchase in cash

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