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The company says it is honoring gift cards.
The company said it would continue to honor gift cards and coupons.
The company, a unit of Crabtree & Evelyn Holdings in Britain, said it would continue to operate its stores and would honor gift cards and returns as it reorganizes under bankruptcy protection.
Because so many retailers have been going bankrupt and not honoring gift cards, "we're going to be more aggressive in our gift-card messaging around the idea that you know J. C. Penney will be around, and the cards are good as gold," said Michael Boylson, chief marketing officer at the J. C. Penney Company in Plano, Tex., which will start the holiday campaign on Friday.
The company is closing 120 stores but the bankruptcy filing allows the company to continue operating the remaining shops and pay staff, as well as to honor gift cards and store credits while restructuring its balance sheet, subject to court approval.
Most of the time, such companies continue honoring gift cards.
It also says it will keep honoring gift cards "at this time".
In its announcement Saturday to customers, Sport Chalet said it would continue to honor gift cards and loyalty rewards, but an internal memo obtained by the Los Angeles Times set a cutoff date of April 29.
When the Queens Museum reopens in November after a renovation, a new gallery will be named for the Rubins to honor their gift and will feature an exhibition of Cuban art from their private collection.
Another is to honor the gift offered by each person.
I prefer quiet, reflective, spontaneous moments honoring my gift of life.
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