Gift Cards Beware

[Beemerboy]

I was reading on another forum about stores that are selling gift cards but plan on closing some stores if not all of them in January...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 sto res 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

 

[Brace1]

Good tip, I was looking into getting gift cards for my nieces and nephew from Discover cash back rebates and they were trying to talk me into buying gift cards for their "partner stores". I told them I just wanted to get the Discover debit cards, for more flexibility to the recipients, but now that you mentioned all these companies going under and/or downsizing that was probably a good choice on my part (despite their $4/card charge, grrrr).