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Consumers, they said, are spending store credit without knowing their cards' terms.
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China remains addicted to investment spending, storing up the possibility of a huge banking crisis in the world's second largest economy.
Instead, Reynolds said it would concentrate its marketing in three areas that already make up the bulk of its marketing spending: stores, bars and nightclubs; Web sites; and direct mail.
With with a 9.6% unemployment rate and ongoing housing problems weighing on consumer spending, stores are pulling out all the stops to grow holiday sales better than last year's 2% increase, but a tough Christmas is still looming.
The surviving haul was worth less than I had spent storing it and contained nothing I had actively missed.
A Sunday spent store-hopping in three boroughs turned up plenty of people traveling farther than they needed to buy liquor because they did not know about stores near home that were open.
That will cut the time your camera spends storing one image before shooting the next, and will leave room for more shots on its memory card.
The M&S card gives you a point for every £1 spent in store, and a point for each £2 spent elsewhere.
Tesco's Clubcard Credit Card offers five Clubcard points for every £4 you spend in store and on fuel, and one point for every £4 spent elsewhere.
Once you have 100 points, you'll get a £1 voucher to spend in store.
As consumers cut spending, retail stores shuttered, and the list of empty locations grew longer.
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