Here is some good news for Linens n’ Things gift card holders. The company will continue to honor gift cards despite the recent bankruptcy filing.
According to a story on Promo Magazine’s website, Linens n’ Things has received approval from the bankruptcy court to allow customers to continue redemption of gift cards and coupons. As you may recall, i posted a story a few days ago about the company filing for Chapter 11 bankruptcy protection.
This is also good news for Linens n’ Things since I believe it will enable the company retain some of its current customers, prevent the competition from exploiting its misfortune (as Brookstone tried to do with The Sharper Image recently), project some sense of business as usual, and also attract new customers since their gift cards are popular.