November 22nd, 2008 12:24 PM by Lehel Szucs
W 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 '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 closingLane Bryant, Fashion Bug ,and Catherine's to close 150 stores nationwideEddie Bauer to close stores 27 stores and more after JanuaryCache will close all storesTalbots closing down specialty storesJ. Jill closing all stores (owned by Talbots)Pacific Sunwear (also owned by Talbots)GAP closing 85 storesFootlocker closing 140 stores more to close after JanuaryWickes Furniture closing downLevitz closing down remaining storesBombay closing remaining storesZales closing down 82 stores and 105 after JanuaryWhitehall closing all storesPiercing Pagoda closing all storesDisney 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 JanuaryLinens and Things closing all storesMovie Galley Closing all storesPep Boys Closing 33 storesSprint/Nextel closing 133 storesJC Penney closing a number of stores after JanuaryEthan Allen closing down 12 stores.Wilson Leather closing down all storesSharper Image closing down all storesK B Toys closing 356 storesLoews to close down some storesDillard's to close some stores