Stores that are planning to close after Christmas are still selling gift cards through the holidays even though the cards will be worthless January 1st or sooner. 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, says Cyndi Carver who sent me this email.
So if you have gift certificates to ANY store, use them up now. And don't get gift certificates from any of the stores below, as your gift recipient probably won't be able to redeem them -- they may be out of business after Christmas!
- 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 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 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
- Mervyn's closing all stores
Oh, and if you buy from a store that's closing, don't buy their "extended warranty". And be forewarned that you WON'T be able to do exchanges or returns, so buy wisely.
I received this list in an email today, I don't know how accurate the list is. Does anyone know anything about these stores closing? Are there others to add to the list? I'd like to hear your comments. THANKS!
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Regina P. Brown
Allison James Estates & Homes
www.ReginaBrown.AllisonJamesInc.com
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