If you tend to give gift cards around the holidays, you need to be careful that the cards will be honored in the New Year. 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. (Names in red are closing ALL THEIR 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 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
Macy’s 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

On the plus side, if you want to snap up some merchandise for less (that you don’t plan on trying to return), you may want to head to the stores that are closing and check them out – there are guaranteed to be some awesome sales going on! (At least there’s a silver lining to be found for some of us.)

**UPDATE! (12/1) This information is not completely correct (not to get all Chicken Little on ya there)…check out Closing Info Updated for the whole story.



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