($300 Payday Advance) Five Things You Need to Know: Retailers Gear Up for Massive Rebate … - Minyanville.com
From May 14 to July 19, Sears ( SHLD ), the company that owns Kmart and Lands’ End stores, will let customers cash in their tax rebate checks for a gift card in the amount of the check plus 10%. Kroger ( KR ) grocery stores will also add 10% to the value of rebate checks when customers use them in $300 increments to buy Kroger gift cards. Meanwhile, in an effort to capitalize (literally) on widespread environmental hysteria and the worship of all things consumable labeled green (including money), the savvy marketing team at Home Depot ( HD ) has formulated a bizarre "green" program linking the rebate checks to protecting the environment through the purchase of compact fluorescent light bulbs and Energy Star appliances, which, fortunately, they just so happen to sell. Everybody listens to the big-time earnings reports - the Microsofts ( MSFT ), Amazons ( AMZN ) and Fortune 500 companies - so that’s why we prefer to listen to conference calls coming from companies that are largely under the radar. Whoa, easy killer, we’re talking about the cash borrowing needs of banks like Citigroup ( C ), Bank of America ( BAC ) and JP Morgan ( JPM ). Find Out More
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