TGI Friday's outstanding gift cards are a $50 million problem
TGI Friday’s is worried it won’t have enough cash if customers redeem $50 million in outstanding gift cards that don’t expire.
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TGI Friday’s is worried it won’t have enough cash if customers redeem $50 million in outstanding gift cards that don’t expire.
#tgif #tgifridays #news #businesnews #food #foodie
Subscribe to Fortune –
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Fortune Magazine is a global leader in business journalism with 55 million monthly page views and a readership of nearly 32 million, with major franchises including the Fortune 500 and the Fortune 100 Best Companies to Work For. The new Fortune video channel dives into personal stories from business owners and entrepreneurs becoming successful in business and sharing their tips to help you reach your goals.
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Gift cards? Millions in outstanding? These are not free burgers and fries these have been paid for already. To the tune of millions of dollars paid to TGI Fridays. If they did not budget for that seems like a pretty simple accounting matter that went awry for TGI Fridays