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Caution about Xmas Gift Cards/ and Stores closing

Discussion in 'Uncategorized Threads' started by OLD ONE EYE, Nov 21, 2008.

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    OLD ONE EYE Well-Known Member

    Jan 29, 1998
    Florida / Idaho
    I got this from a friend today as a warning so am passing it on I do not know how to verify it but deceided to post it just in case. With these times it sure seems possible as I saw Linen & Things going out of business signes this week at the mall.

    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)

    AnnTaylor- 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 stores
    K B Toys closing 356 stores
    Loews to close down some stores
    Dillard's to close some stores
  2. Tommy67

    Tommy67 Member

    Sep 23, 2008
    This also applies to items held in lay-away. A customer at one of the major stores that went belly-up a couple of years ago in our town lost the money he had paid towards an entertainment system. The last I heard he was trying to recover some of his losses through an attorney, but wasn't having much luck.
  3. Mr Newbius©

    Mr Newbius© TS Member

    Feb 20, 2008
    The saddest part of it all would be the idiot who would purchase the gift card knowing the store was closing or even the idiot who has the gift card now and does not use it before the store closes ... it does though take all kinds in this world and there are those out there who are that ... well ... I hope you know what I mean.
  4. Bisi

    Bisi TS Member

    Jan 29, 1998
    Was listening to Clark Howard's radio show the other day. He was warning listeners to stay away from gift cards for the very reason listed above. A lot of stores or restaurants aren't going to be around in a few months.

    He said he had read an article in the Chicago Tribune and they were speculating on whether Sears would be around in 6 months. I know the local Sears store is a ghost town. I go there every once in a while to buy Craftsman tools, and nobody is in the place. Would hate to see the tool department disappear.
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