Comments on: Be Careful Which Gift Cards You Buy! http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/ Money Management, Small Business, Career Fri, 20 Nov 2009 20:44:55 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Patrick http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15842 Patrick Mon, 22 Dec 2008 02:52:31 +0000 http://cashmoneylife.com/?p=1177#comment-15842 Thanks, Polly. It's on there as KB Toys. :-) Thanks, Polly. It’s on there as KB Toys. :-)

]]> By: Polly Poorhouse http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15841 Polly Poorhouse Mon, 22 Dec 2008 02:48:37 +0000 http://cashmoneylife.com/?p=1177#comment-15841 You can add KayBee toys to the list of stores that are closing. You can add KayBee toys to the list of stores that are closing.

]]> By: Curious Cat Investing Blog http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15619 Curious Cat Investing Blog Sat, 06 Dec 2008 16:50:14 +0000 http://cashmoneylife.com/?p=1177#comment-15619 I do not believe gift cards are wise. The biggest reason, is that it is just a sign of how ingrained mandatory "gift" giving is for some people. If you don't have something to give - why are you feeling the need to "keep up with the Jones" with gift cards? The second reason is how much waste is involved. I don't want some silly gift card I have to then try and spend. If I am sharp enough I just give it to someone else (not as some gift just - saying someone gave me this thing I am never going to use it - here take it). The fees on cards are ridicules (I don't know if the government has stopped the practices companies used) where companies had the cards value decreased by monthly fees or expiration dates... I don't think there is anything horrible about gift cards. If I had a relative with small kids that was not already buried in gifts I have no problem using gift cards that I know the parents will use (stores they have near them or stores they use online). But gift cards are just like bad cash that can't be used as easily as cash. Just give cash and avoid the waste gift cards create. I do not believe gift cards are wise. The biggest reason, is that it is just a sign of how ingrained mandatory “gift” giving is for some people. If you don’t have something to give – why are you feeling the need to “keep up with the Jones” with gift cards? The second reason is how much waste is involved. I don’t want some silly gift card I have to then try and spend. If I am sharp enough I just give it to someone else (not as some gift just – saying someone gave me this thing I am never going to use it – here take it). The fees on cards are ridicules (I don’t know if the government has stopped the practices companies used) where companies had the cards value decreased by monthly fees or expiration dates…

I don’t think there is anything horrible about gift cards. If I had a relative with small kids that was not already buried in gifts I have no problem using gift cards that I know the parents will use (stores they have near them or stores they use online).

But gift cards are just like bad cash that can’t be used as easily as cash. Just give cash and avoid the waste gift cards create.

]]> By: Patrick http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15604 Patrick Fri, 05 Dec 2008 18:40:26 +0000 http://cashmoneylife.com/?p=1177#comment-15604 <strong>Teri: </strong>Thank you for your reply. I have no doubt git cards will be honored at most stores, and many people will give them as gifts (probably including myself). But it is important for consumers to be aware that some store may be closing, and they should think twice before purchasing gift cards to stores that have announced closures. Teri: Thank you for your reply. I have no doubt git cards will be honored at most stores, and many people will give them as gifts (probably including myself). But it is important for consumers to be aware that some store may be closing, and they should think twice before purchasing gift cards to stores that have announced closures.

]]> By: Teri Llach, Group VP of Blackhawk Network http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15603 Teri Llach, Group VP of Blackhawk Network Fri, 05 Dec 2008 18:36:53 +0000 http://cashmoneylife.com/?p=1177#comment-15603 As a leader in the space, we at Blackhawk Network (largest third party distributor of gift cards and creator of Gift Card Mall) want to set the record straight. Gift cards will continue to be the preferred gift this holiday. In our study, over 70% feel that gift cards are a useful gift since the recipient can get what he/she wants and 58% of consumers still plan on buying gift cards this season. Deloitte’s Holiday Survey also found for the fifth straight year that gift cards are expected to be the top gift purchase. Regardless of the state of the economy, they provide benefits such as convenience, personal budgeting and fraud protection when buying online. In addition, the reports of the vast amount of retailers not accepting gift cards has been completely overstated and not true. They want to keep their customers during this crucial financial time. Thanks. As a leader in the space, we at Blackhawk Network (largest third party distributor of gift cards and creator of Gift Card Mall) want to set the record straight. Gift cards will continue to be the preferred gift this holiday. In our study, over 70% feel that gift cards are a useful gift since the recipient can get what he/she wants and 58% of consumers still plan on buying gift cards this season. Deloitte’s Holiday Survey also found for the fifth straight year that gift cards are expected to be the top gift purchase. Regardless of the state of the economy, they provide benefits such as convenience, personal budgeting and fraud protection when buying online. In addition, the reports of the vast amount of retailers not accepting gift cards has been completely overstated and not true. They want to keep their customers during this crucial financial time. Thanks.

]]> By: Patrick http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15598 Patrick Fri, 05 Dec 2008 15:21:54 +0000 http://cashmoneylife.com/?p=1177#comment-15598 <strong>Adam: </strong>This list is compiled from a few sources, including: <ul> <li>MSN: (no longer available)</li> <li>USA Today: http://www.usatoday.com/money/industries/retail/2008-05-01-home-depot-disney-store-closings_N.htm</li> <li>AOL: http://money.aol.com/special/retail-stores-closing-doors</li> </ul> Adam: This list is compiled from a few sources, including:

]]> By: Adam http://cashmoneylife.com/2008/12/05/gift-cards-stores-closing/comment-page-1/#comment-15594 Adam Fri, 05 Dec 2008 13:59:23 +0000 http://cashmoneylife.com/?p=1177#comment-15594 I was planning on a little extra due diligence this holiday season but I had no idea it was affecting so many big name stores. I think many people see the bigger names in the list and think that they will always be around. Where did you find this list? I was planning on a little extra due diligence this holiday season but I had no idea it was affecting so many big name stores. I think many people see the bigger names in the list and think that they will always be around.

Where did you find this list?

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