Hope You Used Up Your Sharper Image Gift Cards! ... Irregular Payments

Hope You Used Up Your Sharper Image Gift Cards!

4 Mar, 2008 Not Spending, Spending

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Yet another reason to avoid giving out those gift cards that everyone seems to love:

Tens of millions of dollars in gift cards and certificates became worthless overnight in the wake of the Sharper Image’s financial plight — and customers holding those cards have little recourse.

Federal law allows a company to stop honoring store gift cards when it files Chapter 11 bankruptcy, and that’s exactly what’s happening at San Francisco-based Sharper Image. Sales clerks are telling customers they can no longer accept the plastic cards as payment, and the cards are no longer accepted when customers try to use them online.

Hope you didn’t wait too long to go out and grab your personal foot massager/fancy nose hair trimmer/overpriced adult games early!