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Beware of Gift Cards to Stores Closing

Discussion in 'News & Current Events' started by windcatcher, Dec 6, 2008.

  1. windcatcher

    windcatcher New Member

    Apr 28, 2007
    Likes Received:
    Just received this in email:

    Be very CAREFUL in purchasing gift Cards J

    While these stores have announced closings there may be others that have not yet released their information.

    Subject: Stores Closing after January 1st


    I wanted to give everyone a heads up that if you tend to give gift cards around the holidays,

    you need to be careful that the cards will not be honored after the holidays.

    Stores that are planning to close after Christmas are still selling the cards through the holidays even though the cards

    will be worthless January 1. There is no law preventing them from doing this.

    On the contrary, it is referred to as 'Bankruptcy Planning).
    Below is a partial list of stores that you need to be cautious about.
    Circuit City (filed Chapter 11)
    Ann Taylor 117 stores nationwide closing
    Lane Bryant, Fashion Bug ,and Catherine's to close 150 stores nationwide
    Eddie Bauer to close stores 27 stores and more after January
    Cache will close all stores
    Talbots closing down specialty stores
    J. Jill closing all stores (owned by Talbots)

    Pacific Sunwear (also owned by Talbots)
    GAP closing 85 stores
    Footlocker closing 140 stores more to close after January
    Wickes Furniture closing down
    Levitz closing down remaining stores
    Bombay closing remaining stores
    Zales closing down 82 stores and 105 after January
    Whitehall closing all stores
    Piercing Pagoda closing all stores
    Disney closing 98 stores and will close more after January.
    Home Depot closing 15 stores 1 in NJ ( New Brunswick )
    Macys to close 9 stores after January
    Linens and Things closing all stores
    Movie Galley Closing all stores
    Pep Boys Closing 33 stores
    Sprint/Nextel closing 133 stores
    JC Penney closing a number of stores after January
    Ethan Allen closing down 12 stores.
    Wilson Leather closing down all stores
    Sharper Image closing down all stores
    K B Toys closing 356 stores
    Loews to close down some stores
    Dillard's to close some stores