The search for Christmas stocking stuffers is well and truly afoot.
For those who leave Christmas shopping until the last minute or have the chore of buying for a fussy loved one, gift cards are usually an ideal solution.
Consumer group Choice says our obsession with gift card-giving sees Australians spend roughly $2.5 billion on them every year.
But recent moves in the UK have raised concerns that recipients may lose some of the benefits if retailers enter administration in the new year.
After calling in the administrators, the parent company of Topshop, Arcadia, said customers with gift cards would only be allowed to use them to cover half the price of their purchase.
The remainder would have to come from their wallet.
Read the full article at: https://thenewdaily.com.au/finance/consumer/2020/12/09/gift-cards-christmas-dead-money/