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Beware Gift Cards for Christmas!

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#1 Cattie

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    Posted 19 November 2008 - 04:46 PM

    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

    #2 rodent


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      Posted 19 November 2008 - 04:49 PM

      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.

      #3 rodent


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        Posted 19 November 2008 - 04:53 PM

        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.

        #4 ACDCDCAC

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        Posted 19 November 2008 - 05:01 PM

        hmmmmm good to know!

        #5 *Casey*

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          Posted 19 November 2008 - 05:33 PM

          I heard this on the radio this morning... ugh! so annoying!

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