Be cautious about buying gift cards this season!
Stores that are planning to close after Christmas are still selling gift cards through the holidays, even though the cards may 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. This also means that these stores will be having HUGE sales! Shop wisely!
Happy Holidays!
Circuit City (filed Chapter 11)
Ann Taylor all stores nationwide closing
Lane Bryant, Fashion Bug ,and Catherine's to close 150 stores nationwide
Eddie Bauer to close stores 57 stores and more after January
Cache will close all stores
Talbots closing down all stores
J. Jill closing all stores (owned by Talbots)
Pacific Sunwear (also owned by Talbots)
GAP closing 85 stores and more after January
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.
Macys to close 9 stores after January
Linens and Things closing all stores
Movie Galley Closing all stores
Pep Boys Closing 33 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
Home Depot closing 15 stores
Loews to close down 105 stores
Dillard's to close 35 stores
