What happens to gift cards when a chain like Joann or Dollar General closes stores? Here's what shoppers can do.
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Joann, a major fabric retailer, is closing stores and has stopped accepting gift cards, causing customer dissatisfaction. This highlights the risk of holding gift cards from retailers facing financial difficulties.
March 13, 2025 | 10:30 pm
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Joann is closing stores and has stopped accepting gift cards, which may lead to customer dissatisfaction and impact sales negatively.
The closure of stores and the halt in accepting gift cards directly affect Joann's customer base and sales, likely leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100