Gift Cards might not be a good idea for some stores.

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I got this information from a myLot friend and she suggested that I let everyone know. I do not know how this impacts those in Canada, but for the States, this could serve as a warning. A heads-up if you are a frequent gift card purchaser for the holidays. Several stores plan to close in January and gift cards will no longer be honored after the holidays. There is no law preventing retailers from selling gift cards, which may become worthless as early as January 1, 2009. Buyer beware, this practice is referred to as 'Bankruptcy Planning" and you need to be cautious when making purchases this holiday season. If you get gift cards, maybe you had better start getting them redeemed as soon as possible. (This means, I had better buy that piano keyboard right after Christmas. Below is a partial list of stores closing, note this list is growing daily: 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 Some Dillard's to close some stores Oh here is the Snopes url. http://www.snopes.com/politics/business/storeclosings.asp Maybe giving cash, or for those wanting gifts, heavy hinting would be a good idea.