Traffic:   19 Incidents
Weather: 51°F Go
  09:18am PST, 12/01/08
Local News
Post this article to:




Posted: Friday, 07 March 2008 8:56AM

Sharper Image OKs Use of Gift Cards

SAN FRANCISCO (AP) - Sharper Image says it will immediately resume honoring gift cards and other vouchers that were suspended last month when the company filed for Chapter 11 bankruptcy.

The luxury retailer says it will redeem gift cards issued before it sought bankruptcy protection on February 19th if customers exchange them in full during one transaction and apply them toward items costing double the value of the cards.

In a statement, it explained that a customer holding a $25 gift card could only use it to buy $50 worth of items.

Shaper Image says customers could also hold onto their cards in case it could accept them in the future without any restrictions.

The Sharper Image announced late last month that it was temporarily suspending the acceptance of gift cards, which is typical of businesses engaged in Chapter 11 proceedings. Companies count gift cards as loans and gift card holders are unsecured creditors on their books.


(Copyright 2008 by The Associated Press. All Rights Reserved.)
 
 
In the Kitchen with Narsai David
John Madden
Jan Wahl
Larry Magid
Charles Osgood
Dave Ross
Tom Stienstra Outdoors Report
Phil Matier
About the Bay




Print Page Email This Page
ADVERTISEMENT
 
 

KCBS

Top News
Mumbai Declares 'All Clear'
World AIDS Day in San Francisco
SF's State of the City on YouTube
Peaceful End to Redwood City Standoff
Some Tahoe Ski Resorts Don't Make the Grade
Coast Guard Warns of High Surf
Bicyclists Honor AIDS Victims
Small Crowds for Sunday Holiday Travelers
Two Dead in Capsized Boat
Sharing the Road with Bicyclists
'No Confidence' Vote for SJ Fire Chief
San Francisco Vigil for Mumbai Victims
Bee Keepers Hope for Wet Winter
Customers Line Up to Purchase Christmas Trees
Not For Tourists-- a Guide for Locals
Writers Race to Meet One Month Novel Challenge Deadline
Sonar Testing to Resume Off California Coast
Paying Off Credit Debt Should be No. 1 Priority
Healdsburg Winery Offers Eco-Friendly Tube
Friends and Family Mourn Loss of Cyclist
Military Families Frustrated by Lack of War Coverage
Recycling Up in Bad Economy
Online Coupons Catch On in Bad Economic Times
Budget Cuts Impact CSU Enrollment
BART Opponents Demand Recount
SF City Leader Confronts Police on MUNI Safety
Remembering George Moscone and Harvey Milk
Icahn Raises His Stake in Yahoo!
Shoppers Hit the Malls
Cristo Rey School to Open in Bay Area
Lake Tahoe Ski Resort Openings Delayed
Reward Offered in Fatal Hit and Run Case
O'Connell Worries about Budget Impasse
Public Hearing Planned for UC Merced