In 2015, Starbucks chief marketing officer Sharon Rothstein held up a gift card while speaking during the company's annual shareholders meeting. Stephen Brashear / GETTY

Comments

1

"Gift cards not claimed by consumers, an estimated $1 billion over 10 years, would go to Washington’s education, housing, health care and other public services, helping everyone, not just a few wealthy executives."

Communism.
pure and
simple.

why do you
Hate FREE
Enterp-
rise?

you also probably
don't even Support
Voting Literacy Tests
with questions only a
Historian might answer.

take US Back oh
neo-Libs and
Cons to the
19th Cent.

back when Men*
were MEN and
Everyone else
KNEW their
Proper
Places.

the White
ones anyways.

2

"Many other states are ahead of Washington on gift card protections. Most big retailers in Washington, including Amazon and Walmart and more than 70% of other Fortune 500 corporations, already return unspent gift cards to consumers via the states they are incorporated in."

"Gift cards not claimed by consumers, an estimated $1 billion over 10 years, would go to Washington’s education, housing, health care and other public services, helping everyone, not just a few wealthy executives."

So it's not really a consumer benefit as stated. It's a shift of unclaimed funds to the state. You should be honest about what is happening here. I don't agree with the premise the state would spend this money better than Starbucks and actually think letting Starbucks invest in their business provides more revenue to the state.

3

While they're at it, lawmakers should also close the apparent loophole allowing businesses that change ownership to refuse to honor gift cards issued by the previous owner. I ran into that issue with Lunchbox Laboratory a couple years back, after I deliberately held off using the card during the pandemic out of a desire not to burden the restaurant.


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