Now, this is a bit scary...

Haven't snoped this yet, but this seems a bit troubling.

I just wanted to give everyone a heads up in case you tend to give gift cards around the holidays. Stores that are planning to close after Christmas are still selling the cards through the holidays even though they will be worthless as of January 1. There is no law preventing them from doing this. On the contrary, it is actually referred to as "Bankruptcy  Planning." below is a partial list of stores you should be cautious about.

 
Circuit City (filed chapter 11)

Ann Taylor - 117 stores closing nationwide

Lane Bryant, Fashion Bug, and Catherine's - 150 stores closing nationwide

Eddie Bauer to clothes 27 stores + 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 nationwide

Footlocker closing 140 stores + after January

Wikes Furniture closing all stores

Levits closing all remaining stores

Bombay closing all remaining stores

Zales closing 187 stores nationwide

Whitehall closing all stores

Piercing Pagoda closing all stores

Disney closing 98 stores + in January

Home Depot closing 15 stores 

Macy's closing 9 stores after January

Linens and Things closing all stores nationwide

Movie Galley closing all stores

Pep Boys closing 33 stores

Sprint/Nextel closing 133 stores

JC Penny closing an undisclosed number of stores after January

Ethan Allen closing 12 stores

Wilson Leather closing all stores

Sharper Image closing all remaining stores

KB Toys closing 356 stores nationwide

Loews closing an undisclosed number of stores

Dillards closing an undisclosed number of stores 

Comments

  1. yeah no that's true. it's been all over the news this morning.

    ReplyDelete
  2. They gave it a "Partly true", but it does make you think. The cards might still be honored, but will the store near the person you gifted still be open after Christmas?

    [The "word verification" for this one is "abode", which is kinda odd since you just got back from the Adobe thing]

    ReplyDelete

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