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Beware Gift Cards for Christmas!

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I received this email today from my aunt. I figured I'd pass it on!



If you have them; use them before Christmas.

And And don't buy them for presents.


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 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 'Bankrupcy

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 mo re 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 stor~s

K B Toys closing 356 stores

Loews to close down some stores

Dillard's to close some stores

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i heard yesterday that some giftcards will be fdic insured. sharper image was not going to honor giftcards 7t eh government stepped in.


have you run this by snoopes? i check all emails this way. most are not true.

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snopes.com: Store Closings


I never give giftcards anyway. I'm always worried I'll lose it. I don't carry around much cash either. the other day I lost a $200 REI giftcard & i was so upset. luckily i found it in a notebook. it must have fallen out of my wallet. I also don't mail them because if it gets lost in the mail, it's gone. i prefer to send a check. that way if it's lost atleast they money is still in my account.

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hmmmmm good to know!

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