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Old 11-20-2008, 06:26 PM
 
Location: San Antonio
7,629 posts, read 16,451,919 times
Reputation: 18770

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I have not been able to verify this, but if it is true, it would be good for folks to know before they go to part with that hard earned cash for Christmas/Holiday gift giving.


Rcvd this from my daughter:

I wanted to give everyone a heads up that if you tend to give gift cards
around the holidays, you need to be careful since many 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 may 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

Again, just want you to know to check about any story you might be thinking of giving a gift/card from to ensure you don't get caught in any mess.
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Old 11-20-2008, 06:51 PM
 
14,637 posts, read 35,026,845 times
Reputation: 6683
Great tip! And great timing.
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