InfoAnda - Estimated $8.5M In Fortunoff Gift Cards, Merchandise Credit Slips Will Be Honored In Liquidation Sale

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Home | News Briefs | U.S. | World | Celeb Buzz | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird & Offbeat Estimated $8.5M In Fortunoff Gift Cards, Merchandise Credit Slips Will Be Honored In Liquidation Sale February 27, 2009 8:13 a.m. EST Linda Young - AHN Editor New York, NY (AHN) - After jewelry and home furnishing chain Fortunoff announced bankruptcy earlier this month it abruptly stopped accepting gift cards, which sent consumers complaining to New York's attorney general who worked out a deal with the store's liquidator to accept the cards. Attorney Gen. Andrew Cuomo's office estimates there $8.5 million in unused gift cards and merchandise credit slips in circulation. Under his deal with the store's liquidators, customers have until March 8 to redeem them on merchandise at the store with all sales being final. Liquidation sales are being held at all 20 Fortunoff stores. There is about $212 million in merchandise being sold, which includes jewelry and watches, silver, tableware, gifts, home and outdoor furnishings. The company was founded in 1922 in Brooklyn. Copyright © 2003 - 2009 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Home | News Briefs | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat © 2009 AHN Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services All Rights Reserved

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