REGO cash back offers have been on a steady decline in the past year.
With the average value of a REGO store now just under $200, that means they’ve lost nearly half of their value in the last year.
This is a sign that REGO is starting to look more and more like a cash-only program.
The reason for the decline is simple: REGO stores have been unable to reach full occupancy, which means they’re unable to keep up with the volume of cash they need to keep their doors open.
According to a recent study by the National Association of Chain Drug Stores, REGO’s average occupancy rate for retailers fell to just 40 percent in 2017, down from 53 percent in 2016.
This is a big problem because the program’s primary revenue source is cash, so it needs to keep a big portion of that money in the bank.
If REGO stops accepting cash as a form of payment, this will leave REGO customers without the option to spend cash.
It’s unclear whether REGO will ever be able to reach its full revenue of $1.9 billion, or if REGO can be allowed to continue accepting cash payments as a way to cover the increased cost of running stores.