Today Borders Group, Inc. officially filed for Chapter 11 bankruptcy protection. The company plans to close about 200 or 30 percent of it's locations over the coming weeks.
Gift Cards Will Still Be Accepted And Sold
We reached out to Borders and company spokesperson Mary Davis confirmed gift cards will still be accepted for payment and sold at locations which are not scheduled to close.
On Feb 16, 2011, at 8:05 AM, Mary Davis (Corporate Affairs) wrote:
"We are honoring gift cards in all stores. In addition, we are selling gift cards in all but closing stores. We are closing about 200 stores nationwide, but have not published a store closing list yet.
Same with our Borders Rewards program. Customers can continue to earn Rewards and redeem them in all stores and online. We are just not signing up customers in closing stores."
If you own a Borders gift card, use it as soon as possible. Here is a find the full list of locations closing Mary mentioned. Even if the location nearest you is closing, the gift cards can still be redeemed online at borders.com; no excuses to hold on to that gift card any longer.
ScripSmart Accounts Can Help You Avoid Getting Stuck With A Worthless Gift Card
Keeping tabs on the gift cards you own and the financial condition for each company is a pain. That's why we offer a free account system for consumers. It's easy and designed to help you get the most out of your gift cards. One of the features is a bankruptcy alert system. In short, when we catch word of a gift card in trouble and you've registered ownership in your ScripSmart Account, we'll send you a note via email giving you a heads up. It's an easy way to add a bit of extra protection for your gift cards.
ScripSmart Accounts are easy, free and designed to make you life just a little bit easier. Sign up here.