Toys R Us gift cards are good for next 30 days

From USA Today:

Toys R Us gift cards are likely to become worthless within weeks.

The best advice: Spend them immediately, if possible.

Make haste because after the big-box icon of American retail said Thursday that it would close all of its U.S. stores, there’s not much time left.

The chain plans to honor gift cards for the next 30 days, Toys R Us spokesperson Taylor O’Donnell told USA TODAY on Thursday in an email.

In bankruptcy, retailers technically don’t have to honor gift cards at all. But most ask a bankruptcy court judge for permission to do so — at least for a while.

Toys R Us has been honoring gift cards since it filed for Chapter 11 bankruptcy in September. But now that the company has filed to liquidate its U.S. operations, the end is near.

Even if the chain had decided to honor gift cards until the bitter end, customers might not find anything worthwhile to spend them on after a few weeks of going-out-of-business sales.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.