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  1. #1
    ♥ Moderator ♥ Zombiegirl's Avatar
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    Exclamation Gift Card Warning!

    I just received this email so I thought I would pass it along...
    (Not sure if it is true, but thought it was worth sharing.)


    Here's 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 Bankruptcy Planning.


    Below is a partial list of stores that you need to be cautious about:

    Circuit City (filed Chapter 11)
    forums.somethingawful.com/showthread.php?threadid=3000566&pagenumber=2 -
    94k
    -
    Ann Taylor- 117 stores nationwide closing
    Lane Bryant, Fashion Bug ,and Catherine's to close 150 stores nationwide
    Eddie Bauer to close 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, more 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 Gallery closing all stores
    Pep Boys closing 33 stores
    Sprint/Nextel closing 133 stores
    JC Penney closi ng 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
    W I S H ♥ L I S T
    Loving my collection!

  2. #2
    ♥ Moderator ♥ Zombiegirl's Avatar
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    Default Re: Gift Card Warning!

    I did find this statement saying that the GC's are covered by FDIC:
    Ruling: Prepaid stored-value cards qualify for $250,000 FDIC deposit insurance
    W I S H ♥ L I S T
    Loving my collection!

  3. #3
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Gift Card Warning!

    Would you even want to buy a gift card if all of the stores of a particular chain are closing? If a chain is only closing a few stores, you could still use the gift card at a store that will not be closing, right?

  4. #4
    ♥ Moderator ♥ Zombiegirl's Avatar
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    Default Re: Gift Card Warning!

    ^^ Yeah, but I would be afraid to buy a GC from any of the stores listed above. It's kind of scary, KWIM?
    W I S H ♥ L I S T
    Loving my collection!

  5. #5
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Gift Card Warning!

    I remember when a store I worked at was closing. We had a liquidation company come in to mark everything down. We had to follow their rules, which meant we weren't allowed to accept coupons. Well, the store's credit card company was sending out birthday coupons to its customers. They didn't know that the store that was closest to some of these people was closing its doors. Well, anyway, I totally got my head bitten off by some woman that wanted to use her birthday coupon for 20% an item. She even made me call a manager, but the manager told her the same thing. We were no longer the company that sent her the coupon, we belonged to the liquidation company. Then she threw a huge temper tantrum and said "Well I guess I know WHY you guys are closing then." My manager just smiled at her and said "Have a nice day!"

  6. #6
    ♥ Moderator ♥ Zombiegirl's Avatar
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    Default Re: Gift Card Warning!

    Yeah, the same thing happened here this Summer with a department store called Dawahares. Once the liquidation company bought them the prices went way up and then they had a "sale". lol They didn't accept the Dawahares coupons either and ladies were ranting about it. I didn't like the store anyway, they sold crappy bags and those tacky seasonal sweaters with 3D objects on them.
    W I S H ♥ L I S T
    Loving my collection!

  7. #7
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: Gift Card Warning!

    Thanks for posting, Zombs.

  8. #8
    Coach Addict serendipity's Avatar
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    Default Re: Gift Card Warning!

    That's why I always ask for just a mall CG and not to any particular store. No one in my family knows what to get me so I end up with CGs for Christmas.

    Done...I think...Until I find something that catches my eye

  9. #9
    Rising Bag Star KikiZoe86's Avatar
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    Default Re: Gift Card Warning!

    Quote Originally Posted by boysRsmelly View Post
    I remember when a store I worked at was closing. We had a liquidation company come in to mark everything down. We had to follow their rules, which meant we weren't allowed to accept coupons. Well, the store's credit card company was sending out birthday coupons to its customers. They didn't know that the store that was closest to some of these people was closing its doors. Well, anyway, I totally got my head bitten off by some woman that wanted to use her birthday coupon for 20% an item. She even made me call a manager, but the manager told her the same thing. We were no longer the company that sent her the coupon, we belonged to the liquidation company. Then she threw a huge temper tantrum and said "Well I guess I know WHY you guys are closing then." My manager just smiled at her and said "Have a nice day!"
    Ahhh that reminds me of when I worked at Eckerds and we got bought out by Rite Aid, same type of thing with customers yelling at me, the poor cashier, as if I had any say over what coupons we accepted or not! I never want to work in retail again!

  10. #10
    \(^.^)/ Jennifer's Avatar
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    Default Re: Gift Card Warning!

    I just heard about this on the news. Thanks for posting zomb

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