Holiday Gift Cards

[lilysmommy8503]

So, I am wondering if this is true or not.  I received the following forward from my s-i-l.  It lists a  whole lot of major retailers who are closing stores after Christmas and some that are going completely out of business, yet are still selling gift cards that won't be worth anything as of January 1.  Very troubling, because I know many of our family members will be sending us giftcards since our entire family is in MI/IN and we now live in WI and won't be traveling for the holidays.

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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 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

 Lowes to close down some stores

 Dillard's to close some stores

[Elsasmom]

Dec. 5, 2008 at 7:44 AM

The only one I've heard for sure is Linens N Things, but I don't doubt it for the rest. That's crap to keep on selling gift cards, just one more way to stick it to everyone.

[lilysmommy8503]

Dec. 6, 2008 at 1:12 AM

I know I have seen Linens and Things and Circuit City, plus there is either an Office Depot or Office Max near us closing.

Kevin said that Home Depot and Lowes were both closing some stores across the country, which he is aware of since it is competition for Menards.  I guess it is good for us that Menards isn't needing to close any stores and we are still getting his bonuses.

(Original Poster)