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Fortunoff going out of business – Will not honor gift cards

Fortunoff, a New York-based luxury goods store, filed for bankruptcy protection earlier this month, citing the worsening economy for its woes. Fortunoff now joins a growing list of retailers that have filed for bankruptcy in the last year.

The company has also suspended the redemption of all gift cards and store credits. According to a spokeperson for the company, gift card holders will have to get in line like any other creditor and file a claim against the company’s assets with the bankruptcy court.

However, according to this story by Bloomberg, the company is still in negotiations with would-be liquidators to honor gift cards until March 8th.

Stay tuned for more on this.

Update – 2/27/2009:

According to this story,  consumers have until March 8 to redeem Fortunoff gift cards. So, if you currently have a Fortunoff gift card, NOW is the time to use it or lose it. 

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3 Comments

  1. The New Jersey DECORATING EXCHANGE will honor all FORTUNOFF gift cards, reward certificates and merchandise credits against a minimum sale. The FORTUNOFF CUSTOMER DOES NOT END UP WITH AN EMPTY SHOPPING BAG. The Exchange is located on 3 New Bridge Road in River Edge, New Jersey. Call 201.342.0110 for details.

  2. THE NEW JERSEY DECORATING EXCHANGE will honor all Fortunoff FURNITURE DEPOSITS in addition to gift cards, reward certificates, and merchandise credits against a minimum sale. THE NEW JERSEY DECORATING EXCHANGE is located on 3 New Bridge Road in River Edge, New Jersey. Call 201-342-0110 for details.

  3. TO ALL FORTUNOFF AND HOME EXPO HUNTER DOUGLAS WINDOW TREATMENT CUSTOMERS.

    THE HUNTER DOUGLAS GALLERY of THE NEW JERSEY DECORATING EXCHANGE will maintain all HUNTER DOUGLAS window treatment warranties for all FORTUNOFF and HOME EXPO DESIGN CENTER customers. The minute you deal with a HUNTER DOUGLAS GALLERY, you’ll notice the difference-from the unique showroom setting and full-size interactive displays to the quality products and friendly knowledgeable staff. THE EXCHANGES’S HUNTER DOUGLAS GALLERY offers its exclusive PEACE OF MIND GUARANTEE-if you are not completely satisfied with your purchase, they will replace any HUNTER DOUGLAS window treatment with another HUNTER DOUGLAS window treatment of equal or lesser value within 40 days of installation. Program fees apply. REMEMBER, ONLY AT THE GALLERY-INSTANT CASH REBATES-NO INTEREST FINANCING-
    CALL 201-342-0110 for details.

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