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Old 11-23-2008, 05:02 PM   #1
Wm Holden
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Exclamation Gift card stores closing soon

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 1st

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 all remaining stores

Bombay closing all remaining stores

Zales closing down 82 stores and 105 more 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


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Old 11-23-2008, 05:06 PM   #2
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Quote:
Originally Posted by Wm Holden View Post
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 1st

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 all remaining stores

Bombay closing all remaining stores

Zales closing down 82 stores and 105 more 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


Am I missing something? Most of these are chains and I would expect that if you buy a gift card at one (that happens to be closing) you would still be able to use it at others that remain open.
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Old 11-23-2008, 05:25 PM   #3
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Not all of them are accessible. Imagine buying a gift card at the only Dillard's in 50 miles. It's not worth the gas to use it that far away.
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Old 11-23-2008, 05:26 PM   #4
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Not all of them are accessible. Imagine buying a gift card at the only Dillard's in 50 miles. It's not worth the gas to use it that far away.
What about using the Internet?
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Old 11-23-2008, 06:25 PM   #5
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just be careful
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Old 11-23-2008, 06:45 PM   #6
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thanks. great stuff to know!
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Old 11-23-2008, 08:01 PM   #7
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I don't think black friday is going to be so black this year. Accountants are running out of red ink.
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Old 11-23-2008, 08:02 PM   #8
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^^ ouch!
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Old 11-24-2008, 07:39 AM   #9
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This isn't really that big of a deal (except those companies like linins and things that are CLEARLY out of business)...

Many of those chains (Like home depot, where my wife works) are sooo numerous that there are literally 25 within a 50 mile radius of my house... Too many businesses took the Walmart approach of saturation of the market.

First off I'd like to see the source for this.. I have heard nothing of store closures from my wife (for home depot). For some companies like the aforementioned linens and things.. that should be obvious to a consumer.
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Old 11-24-2008, 07:59 AM   #10
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I would also like to see the source. I have good friends who work for Movie Gallery in VP postion and nothing has been said about this to any of them.
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Old 11-24-2008, 08:03 AM   #11
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They won't recieve warning^
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Old 11-24-2008, 08:10 AM   #12
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They won't recieve warning^
Then how does he know about this? All I am asking for is his source.
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Old 11-24-2008, 08:13 AM   #13
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I have already recieved this from somebody else two days ago, i didn't take the time to look at it. I would look it up but don't have it with me.
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Old 11-24-2008, 09:05 AM   #14
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Part rumour part truth...

LINK

Looks like someone took the original and altered it a bit to make it look different.

another link for more of the listed stores.. seems like they might have combined the two...

LINK
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Old 11-24-2008, 09:16 AM   #15
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Quote:
Originally Posted by diarmadhi View Post
Part rumour part truth...

LINK

Looks like someone took the original and altered it a bit to make it look different.

another link for more of the listed stores.. seems like they might have combined the two...

LINK
And non of those say all of Movie Gallery stores are closing. I would not buy gifts cards from any of these places but the list looks to be incorrect.
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Old 11-24-2008, 11:32 AM   #16
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Quote:
Originally Posted by camaropete View Post
What about using the Internet?
Dillard's is a grocery store.

I agree with the other ones, though. You can usually use your gift card online.
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Old 11-24-2008, 04:11 PM   #17
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Just an e-mail from a trusted friend....

no other source...be careful with your money is ALL I'm saying.
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