January 16, 2015

In a move that was somewhat expected, The Wet Seal Inc. has filed for Chapter 11 bankruptcy. The move comes a week after the struggling teen retailer said it was closing 338 of its stores, leaving it with approximately 173 stores nationwide.

January 15, 2015

RadioShack Corp. is reportedly preparing to file for bankruptcy ads early as the beginning of February 2015.

January 13, 2015

RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to provide $500 million to RadioShack Corp. in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.

December 10, 2014

Gift cards will surpass $124 billion in sales in 2014, up 5% from 2013. 

December 10, 2014

Gift cards will surpass $124 billion in sales in 2014, up 5% from 2013. 

November 24, 2014

Starting this month, social media users and others can send each other beers, cocktails and food items as gifts via a growing number of gift card options and features from Applebee’s Neighborhood Grill & Bar.

November 20, 2014

Seven in 10 (71%) consumers intend to purchase at least one gift card  from an online website or mobile website/app during the upcoming holiday season, while 74% will buy at least one digital gift card. 

November 13, 2014

During the 2014 holiday season, spending on tiny plastic or digital gift cards will top all previous records.

November 5, 2014

Six in 10 (59%) gift cards are now offered electronically, up 18 percentage points from 2010. According to a new Bankrate.com study, part of the reason may be that Millennials are more than twice as likely to lose traditional plastic gift cards than older adults.

September 26, 2014

By Breton Leone-Quick and Steve Ganis

September 23, 2014

PayItSimple, a new service that lets consumers charge any purchase on their existing credit cards and pay it back in monthly, interest-free installments, has launched in the U.S.

August 27, 2014

While gift cards are still made of plastic, digitally formatted gifts cards are increasing in popularity. (According to research by payments giant First Data, electronic gift card sales grew 71% from 2012 to 2013.) Consumers particularly like the customization options — including video and audio in some instances — that some retailers offer with digital cards. Another popular option: the ability to load a digital card onto a mobile device

Here are a few other unique benefits digital gift cards offer:

August 11, 2014

What are you currently doing about unredeemed balances on your company’s gift cards? Are these amounts being tracked, reported and paid over to your state of incorporation? If the answer to these questions is no, you could be at risk for significant liability, depending on the outcome of a case currently pending in Delaware.

August 7, 2014

Zales has the highest annual percentage rate (APR) on its private label card out of 61 U.S. retailers surveyed by CreditCards.com.

July 14, 2014

Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million.

July 8, 2014

According to a survey of more than 1,100 U.S. consumers from the Retail Gift Card Association (RGCA), 77% of consumers have given a gift card in the past year and 90% have received at least one in the past year.

June 23, 2014

J. C. Penney Company announced today that it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan.

April 11, 2014

Coldwater Creek Inc. filed for Chapter 11 bankruptcy protection, with plans to close its stores and wind down operations by early summer.

March 14, 2014

Quiznos on Friday filed for Chapter 11 bankruptcy protection to reduce its debt.

March 11, 2014

Plus-sized retailer Ashley Stewart has filed for voluntary Chapter 11 bankruptcy protection.

March 10, 2014

Sbarro LLC has reportedly filed for Chapter 11 bankruptcy protection for the second time since 2011.

December 16, 2013

Discount apparel retailer Loehmann’s has filed for bankruptcy protection for a third time in its 92-year history, and said it will sell off its assets to a group of liquidators.

November 21, 2013

Seventy-four percent of shoppers plan to give one or more gift cards this holiday season, and nearly 30% planned on giving five or more gift cards, according to a study by the Retail Gift Card Association (RGCA).

November 4, 2013

Edwin Watts Golf Shops filed for Chapter 11 bankruptcy protection in Delaware, with the intention of selling the operating assets of the business.