Legal Store Closings

[JIM KILL]

Subject: Store Closings

According to Snopes.com (the 'myth buster' site) this info appears as "partly true"

But the info does appear correct that a store can still sell gift cards even if it's filed for bankruptcy, and also doesn't have to honor the gift cards, which is a bit disturbing....

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.

Pier One - closing some selected stores

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 owne d 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 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 stor~s

K B Toys closing 356 stores

Loews to close down some stores

Dillard's to close some stores

JIM

[Shadow]

Do what I did recently for a friends wedding.

Went to my bank (Wachovia) and bought a Visa/Debit card

Can use it anywhere and unless the economy completely tanks and the banks close...it's still worth something

Thanks for the heads up Jim

[Rich Z]

Heck, just give people the *universal* gift card -> CASH!

Seriously, it's pretty sobering to see so many store closures and think about what that all implies. A LOT of people are going to be out of work, which means they aren't spending money either, which most certainly will affect other stores as well.

OK, Obama, you wanted to be president. Here's the hot potato..........

[floridaZ]

Disney? Closing stores? That's odd. I work at WDW and attendance is actually up a bit reguardless of the economy.

[9T8Vette]

The world is going to sh!t in a hand basket if something does not change soon!!