Stores in danger of bankruptcy - use your gift cards!
With the challenges in the economy there are many stores that are in danger of closing and or going bankrupt. Apparently some of these stores are still selling gift cards that, of course, my only be honored for a couple more months if they go out of business. This isn’t necessarily a suggestion not to get gift cards from these stores, but to make sure that you ask questions and to take advantage of them as quickly as possible.
- 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 Gallery 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
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Comments on Stores in danger of bankruptcy - use your gift cards! »
Christian Quill » Stores in danger of bankruptcy - use your gift cards! @ 5:26 am
[...] Go here to see the original: Stores in danger of bankruptcy - use your gift cards! [...]
Wow. Thanks for the insight. Some of these stores I wouldn’t have suspected.
Wow. This is a clear demonstration of the effects of consumerism, overexpansion, and everything else that comes with easy credit.
Thanks for the post. I would suggest that as time goes by that customers (a) review with the store if the cards are still accepted. There have been issues with that sort of thing, and (b) remember that when companies go out of business, often times they bring in a consulting company to actually reprice HIGHER… and then declare a “going out of business sale” to get people in the door. Remember, these guys have vendors and employees to pay off so they are still after the revenue. So make sure that what you are buying is really a bargain. And finally (c), make sure that you check out the company websites. If they have an online store, sometimes there you can actually find good bargains because they are trying to get the inventory out of th warehouse.
Goodness. That is an extensive list! It also includes some of my favorite stores. No gift cards for me though, so I’ll be ok.
@Joshua
good points to add - thanks!
Post-Thanksgiving Roundup @ 6:02 am
[...] at Christian PF suggests using up your gift cards from these stores that are in danger of bankruptcy. Even if their bankruptcy may not affect your ability to redeem gift cards, the ones that are [...]
Follow Me on Twitter and the QuickHits | Prime Time Money @ 12:20 am
[...] Stores in danger of bankruptcy - use your gift cards! a very useful list of stores brought to you by Christian Personal Finance. [...]
I’m glad my favorite store, Dollar Tree, is not on this list.
Can you give me the six, or more stores that is on the closing list for Dillard’s?
Thank you
Linda I wish I could - but I dont know!
I was surprised to see this post from last fall and thought I would ask you to please research a little further. I am on the mailing list of one of these stores and they sent out an email saying that this story is a rumor. It went out as an email last year and is considered false. Also, at least 3 of the stores you list have recently opened new stores in our area. I’m not sure who is right here, but it would seem to merit some research before posting something which could be so potentially damaging to a business. Perhaps I am wrong and these stores are in trouble, but I know of one which is vehemently denying this, so thought I would ask. Thanks for your blog. It is very encouraging to me.