Gift Cards; bad Christmas idea.

Jes a reminder to everyone who's out there starting your holiday shopping..

if you tend to give gift cards around the holidays, you need to be careful that the cards will 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. Also any cards you may have now and been saving them you may want to cash them in real soon.

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 29 stores
Cache will close 14 stores
Talbot's closing down specialty stores
Pacific Sunwear closed all d.e.m.o stores & unsure about the remainder PacSun stores
GAP closed 17 stores and plans to close 115 more stores
Footlocker closing 334 stores more to close after January
Wickes Furniture closing down and filed bankruptcy
Levitz Furniture closing down remaining stores (filed Chapter 11)
Bombay closing remaining stores (filed Chapter 11)
Zales closing down 82 stores and 105 after January but opened more outlets
Whitehall closing all stores (filed Chapter 11)
Piercing Pagoda closing all stores ((not sure abt this didnt see it on snopes))
Disney closing 98 stores due to new ownership.
Home Depot closing 15 stores
Macys to closed 11 stores
Linens and Things closing all stores ((not sure abt this didnt see it on snopes))
Movie Galley Closing all stores (filed Chapter 11)
Pep Boys Closing 31 stores
Sprint/Nextel closing 125 stores
JC Penney closing a number of stores after January ((not sure abt this didnt see it on snopes))
Ethan Allen closing down 12 stores and 2 service centers.
Wilson Leather closing down all mall stores
Sharper Image closing down all stores (filed Chapter 11)
K B Toys closing 356 stores (filed Chapter 11)
Dillard's closed 20 stores and plans to close more soon

OMG - this is ridiculous! the economy is jes HORRIBLE right now. I checked this out on snopes ((always do before sending out stuff like this.. gotta make sure my facts are strait)) and it's true. You can check it out more in detail and about all the store closings and MORE info here.