Gift Card Warning!!!

[Guest guest]

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 ¡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

 

 

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

 

 

Lowes to close down some stores

 

 

Dillard's to close some stores

Love,

The Oklahoma Tomcat

http://joneshomestead.tripod.com/My blog: http://thelifeofanoklhahomatomcat.blogspot.com/My : jonesfamilyhomestead/-----------As for me and my house, we will serve the LORD.

 

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[Guest guest]

This part made me laugh (below)... I immediately though of damage

control. I wouldn't buy ANY gift cards through those vendors.

 

If Ann Taylor is cutting back in Jan of 2008, I can bet even more of

their stores will start to mysteriously disappear after the

holidays. They already had planned 117 closings as of Jan 2008.

They are already in " restructuring " mode.

 

NEW YORK (MarketWatch) 11/2008 -- AnnTaylor Stores Corp. (ANN:Ann

Taylor Stores Corporation said Friday that it lost $13.4 million,

or 24 cents a share, in the third quarter. In the same period a year

ago AnnTaylor earned $40.8 million, or 66 cents a share.

 

I think the point of the post was to alert people to the possibility

that with the economy the way it is, to be careful buying gift

cards. Large corporations would not let the consumer know of their

pending doom NOW, especially with the cash they can pull out of

their pockets.

 

Just be careful.

 

, " Barb " <FirstYrs08

wrote:

>

 

In January 2008, we announced plans to close

> some underperforming stores, as part of a strategic restructuring

> program to make us an even stronger Company that can continue to

> serve you in the future.