2008-08-02 22:33:08
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Mervyn’s department store has filed for chapter 11 bankruptcy protection. Mervyn’s stores will remain open and business will continue as the company goes through the bankruptcy process. According to this story from MarketWatch.com, the company has received approval from the bankruptcy court to continue to honor outstanding gift cards and loyalty programs. Mervyn’s now joins a
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2008-08-02 22:33:08
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Another one bites the dust. Bennigan’s and Steak & Ale, both owned by Texas-based Metromedia Restaurant Group file for chapter 7 bankruptcy protection. This will result in the closing of more than 300 corporate-owned locations. According to this story from the New York Times, The Ponderosa and Bonanza restaurants, which operate under another entity, Metromedia
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2008-08-02 22:33:08
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Michigan Governor Jennifer Granholm has signed into law a new legislation that prohibits businesses from selling gift cards or certificates that will expire less than five years after they are issued. As reported previously, the law will take effect Nov. 1 and also provides the following protection to consumers: Michigan retailers can’t alter the terms or
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2008-08-02 22:33:08
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Six women, who are being called by Police as “The Richmond Girls,” were arrested in Sacramento, CA for allegedly encoding stolen credit card information onto gift cards, then using them to buy more than $1 million worth of merchandise at area stores. According to the Sacramento Bee, Investigators allege that the women purchased more than
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