Warning about giving gift cards!

<TABLE><TBODY><TR vAlign=top><TD width="100%"><TT> This was part of an email sent by a realitive who works in a bank in Connecticut.</TT>
<TT>Subject: FW: Store Closings
>
>
>
>
> Good to know if you are holding on to any gift cards.
> This may not be
> the year to give or receive gifts cards:
>
> Watch those store money cards and gift cards.. and credit
> slips! Stores
> that informed the Security Exchange of closing plans
> between October
> 2008 and January 2009. PLEASE PASS THIS ON TO ALL YOUR
> FAMILY AND
> FRIENDS.
>
> Circuit City stores... most recent (? how many)
>
> Ann Taylor- 117 stores nationwide are to be shuttered
>
> Lane Bryant,, Fashion Bug ,and Catherine's to close 150
> store
> nationwide
>
> Eddie Bauer to close stores 27 stores and more after
> January
>
> Cache will close all stores
>
> Talbots closing down all stores
>
> J. Jill closing all stores
>
> 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
>
> Pacific Sunware closing 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




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</TD></TR></TBODY></TABLE>

ForwardSourceID:NT000743FA
ForwardSourceID:NT0002FDEA
 
Good advice.

Not even talking closing stores I read that over $8 BILLION gift cards go unredeemed every year. $16 million alone at Best Buy in one year. Talk about profitable!

I haven't bought any yet but the Visa gift cards sound like a viable solution for lazy guys like me. Cash seems to always fit too.
 
Wow!

That is really sad, so many people will be out of jobs when that happens.

On the bright side, those retailers that are not listed that remain open will be strong and will survive the long haul.

Also a good opportunity to get some going out of business sale stuff.

Shops looking to open up or expand will probably get a good deal on space.
 
Good advice.

Not even talking closing stores I read that over $8 BILLION gift cards go unredeemed every year. $16 million alone at Best Buy in one year. Talk about profitable!

I haven't bought any yet but the Visa gift cards sound like a viable solution for lazy guys like me. Cash seems to always fit too.
My thoughts exactly. Thats what I told the wife a couple of hrs. ago.
 
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