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11-21-2008, 01:55 PM   #1
Ed in GA
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Christmas Shopping and Gift Cards

A Friend of mine sent this to me and I thought it would be worthwhile to post it here.

Christmas Shopping - IMPORTANT INFO - Don't be taken.

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 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
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
Loews to close down some stores
Dillard's to close some stores


11-21-2008, 02:15 PM   #2
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McDonalds and KFC gift cards it is then
11-21-2008, 04:00 PM   #3
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QuoteOriginally posted by Ed in GA Quote
Circuit City (filed Chapter 11)
actually I did use my CC gift card (got it for free from them when they did not have some blank DVDs in stock - they gave me some equivalent set + gift card for $25) on-line _after_ they filed C11 - it worked... not that I am saying that you need to buy gift cards from them.
11-21-2008, 04:01 PM   #4
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QuoteOriginally posted by Clicker Quote
McDonalds and KFC gift cards it is then
W*M will be the last man standing.

11-21-2008, 09:19 PM   #5
graphicgr8s
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QuoteOriginally posted by Clicker Quote
McDonalds and KFC gift cards it is then
So are those clogged arteries for your friends or your enemies?
11-22-2008, 05:00 AM   #6
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No reason why a gift card would not be accepted while stores are open. They only become worthless once all stores in a chain have shut down.

As for CC, chapter 11 bankruptcy means a reorganization, not going out of business. Doesn't mean CC won't ultimately fail, but their intent as of now is to survive and continue in operation, and I hope they succeed. Because competition is good.

Last edited by MPrince; 11-22-2008 at 05:00 AM. Reason: grammar!
11-22-2008, 06:09 PM   #7
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Cash in an envelope is the best gift card.

It never expire and it is universal!
11-23-2008, 04:21 AM   #8
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Ed in GA, wow! that's a lot of companies downsizing or going belly-up...

Interestingly, even the company that does rebates for Canon USA has filed for Chapter 11 bankruptcy petition last week...

Rob Galbraith DPI: Canon USA updates rebate reimbursement status

11-23-2008, 08:25 AM   #9
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To the OP and everyone else reading this thread. Please, before making conclusions, investigate a little about the information given. Most of the time, such information is incomplete, innacurate or misleading.

In this case, while most of the information given may be true, there is also the fact that is incomplete.

If you really care about it, please read here: snopes.com: Store Closings and please, read all the way towards the end where you will find full explanations of every case (store brand) cited.

You will discover that what is happening is nothing different as "business as usual in the USA".
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