Beware of These Gift Cards (bankrupt, writing, closing, stores)

[virginia farm girl]

I saw this on another message board.

I don't know how true it is but here goes...

Stores that are planning to close after Christmas are still
selling the cards through the holidays, even though the cards
will be worthless on January 1st.

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

[floridasandy]

there absolutely should be a law against them doing this. it is exactly like writing a bad check with no intention of paying it.

[InLondon]

If you go to http://www.snopes.com/politics/busin...reclosings.asp you can find more info about this. Some of the stores are closing that have been listed, but some are not!! Some are simply closing a handful of stores out of say 3,000.