Closing Shop: Losing Your Borders' Gift Cards and Rewards
If you are holding a Border's Gift Card or a Borders' Rewards, then you should now ask this question today: If Borders closes shop, will I lose my remaining gift cards and rewards?
In all likelihood, Borders four decades as a bookseller at your local mall will come to an end as soon as this Friday. With about 400 stores and over 10,000 employees, the smell of fresh brew and the sight of children laughing in the aisles of this bookstore may fade away into obscurity. The dust clouds of this brick and mortar store collapsing will embed yet one more tomb into the chain store graveyard.
Dread you not the closing of your local Borders, because you should be able to find a Barnes & Nobles store in your town or city to buy your next book. But before you buy your next book at Barnes & Nobles, follow this advice: check your husband's wallet, check your own purse, and check that kitchen drawer and dusty shoebox where you keep your odds and ends. Then, grab that Borders' gift card that your mother-in-law gave you last Christmas and head to Borders Tuesday night after work. By Friday, those gift cards and rewards you've saved up since Christmas will be thrown into the abyss of Bankruptcy Hell.
There might be a line to wait in after work as everyone liquidates their cards and spends their rewards. But I tell you the truth, all of the other creditors, i.e. book publishers, may stand ahead of you in the line of creditors in bankruptcy court this Friday and you won't likely be able to spend those gift cards or redeem those rewards. So get in line ahead of them and spend it first. And who knows, you might see me there with my dirty, bent gift card chasing my three year old as he laughs and runs through the aisles seeking those toys kept in the back of the store as my wife buys one last hot tea for old time's sake.