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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
 

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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.
 

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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.
 

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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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