I’d written in the past about what you need to know when purchasing gift cards as gifts. Well, I just found out what’s going on with KB Toys’ gift cards, now that the company has filed for bankruptcy.
Unlike other companies that started down the path of going out of business after the holidays last year–and suddenly announced that their gift cards were worthless immediately–KB Toys has announced that it will honor gift cards up through January 11, 2009. The only hitch? Gift cards will be accepted in brick-and-mortar stores only, not via the online store.
So if you or someone you know ended up receiving a KB Toys gift card this holiday season, make sure you let those folks know about that spending deadline.
READ LEAH ON HOME GOES STRONG
I recently got an E-mail about chains that were shutting down and still selling gift cards. I believe KB toys was on the list but it is crazy that they would do that.
http://radiobucket.wordpress.com/
I agree, if the store continues to sell gift cards after declaring bankruptcy. But in a small way, letting consumers know that there is a deadline for using gift cards was a step in the right customer-service direction. Thanks for taking the time to post a comment.