I got this in amn email and thought I'd pass this along. I don't know how to verify the validity through Snopes or anywhere else and I am limited to where I can go on my work computer. But I figured those 4042ers that are EXTREMELY resourceful, may can check it out. But it's better to be safe than sorry and even if this is not so, it can serve as a reminder to be even more viligant in regards purchases and shopping ideas. *************** I 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 not 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 'Bankruptcy Planning). Below is a partial list of stores that you need to be cautious about. 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 Loews to close down some stores Dillard's to close some stores
http://www.snopes.com/politics/business/storeclosings.asp Here you go...it basically says, some are true, some are false/inaccurrate. Some are outdated
I got this same email the other day. I knew some of them at least were true, and I, like you, figured it's better to be safe than sorry. And I know with the economy the way it is right now, if I had any gift cards, I'd be spending them right now, cause I don't have any other money to spend anyway!!
Bankruptcy planning has its limits, and this sound like it might cross over the line to "bankruptcy crimes."
