Run for the Borders!
I told you back in January and now I really mean it: If you have a Borders gift card you’ve been meaning to redeem, do it now. Now. Let the dog walk himself. Skip the weekly lunch bunch. Tell your boss you have to leave early because you have to meet the sprinkler guy. Whatever. But go as soon as you can, either directly to the store, or online, and cash out that card.
After failing to sell itself off, the company is liquidating, with stores beginning to close as soon as Friday.
I got a gift card myself for Christmas, and I’m heading to Borders today to use it.
That’s because news leaked out last week that the long-troubled bookseller has hired bankruptcy attorneys to help it sort through its options.
Consumers should do themselves a favor and get to the nearest Borders now to make sure they get full value from their gift cards. While Borders has said it still hopes to evade bankruptcy, I’d get there pronto, the history of retailers honoring gift cards after bankruptcy filing is mixed, and your rights to redeem that card are not guaranteed.