Haven’t snoped this yet, but this seems a bit troubling.
I just wanted to give everyone a heads up in case you tend to give gift cards around the holidays. Stores that are planning to close after Christmas are still selling the cards through the holidays even though they will be worthless as of January 1. There is no law preventing them from doing this. On the contrary, it is actually referred to as “Bankruptcy Planning.” below is a partial list of stores you should be cautious about.
Circuit City (filed chapter 11)Ann Taylor - 117 stores closing nationwide
Lane Bryant, Fashion Bug, and Catherine’s - 150 stores closing nationwide
Eddie Bauer to clothes 27 stores + 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 nationwide
Footlocker closing 140 stores + after January
Wikes Furniture closing all stores
Levits closing all remaining stores
Bombay closing all remaining stores
Zales closing 187 stores nationwide
Whitehall closing all stores
Piercing Pagoda closing all stores
Disney closing 98 stores + in January
Home Depot closing 15 stores
Macy’s closing 9 stores after January
Linens and Things closing all stores nationwide
Movie Galley closing all stores
Pep Boys closing 33 stores
Sprint/Nextel closing 133 stores
JC Penny closing an undisclosed number of stores after January
Ethan Allen closing 12 stores
Wilson Leather closing all stores
Sharper Image closing all remaining stores
KB Toys closing 356 stores nationwide
Loews closing an undisclosed number of stores
Dillards closing an undisclosed number of stores