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Old 03-01-2011, 04:45 AM   #16
wyndslash
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sorry, was on my mobile earlier when i read the first post and didn't see the image. thus, my confusion >_>
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Old 03-01-2011, 08:45 AM   #17
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Thank you; I stand corrected. The point, however, still remains valid: that this decision was made by the Receiver, and not by Borders. It's the Receiver who's now running the company.
Yes, but unless they're shutting down the business (which they may be), then the Receiver still doesn't want to alienate customers. Loyal customers who feel screwed over are going to cease being a revenue stream.
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Old 03-01-2011, 09:08 AM   #18
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Hey guys, why on earth didn't you all spend up those giftcerts at the first sign of bankruptcy last month?

Over here, we have unfortunately gotten used to businesses suddenly closing their doors at any moment. My nearest mall is a ghost town.

SPEND THOSE CERTS WHILE THEY STILL HAVE VALUE. THEY COULD BECOME WORTHLESS VERY QUICKLY.
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Old 03-01-2011, 09:10 AM   #19
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Hey guys, why on earth didn't you all spend up those giftcerts at the first sign of bankruptcy last month?
What "first signs of bankruptcy" are you referring to?
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Old 03-01-2011, 09:51 AM   #20
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There have been reports of impending bankruptcy for the past year.
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Old 03-01-2011, 09:56 AM   #21
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I've seen reports of issues with the US company, but bear in mind we're talking here about the Australian company, which is totally separate, just as the British company was. I honestly don't recall seeing any issues mentioned in Australia, although I may of course have overlooked them.
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Old 03-01-2011, 10:06 AM   #22
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I saw discussion of the Aussie Borders being in trouble in some of the US Borders discussion. It was an occassional post but it was there.
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Old 03-01-2011, 10:16 AM   #23
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Geography be darned, what I suggest is spend 'em if you got 'em.

They might not be spendable if you hold them. If all else fails, do your Christmas shopping early and get everyone books. If Borders is already putting up obstacles to using them, then you can bet it won't get easier to use them if you wait.
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Old 03-01-2011, 02:17 PM   #24
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Meanwhile ....

Borders U. S. refuses to allow applying their Borders Bucks loyalty credit towards agency e-books, claiming that falls under "discounting"!
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Old 03-01-2011, 06:48 PM   #25
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Quote:
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harry,

are you fully certain this is the law in Australia? You are well versed in UK consumer issues but just wanted to make sure you know for certain that is how it works in Australia.

And in any event much will depend on the consumer protection laws in Australia. Then again $50 will buy, what 1.5 books at prices in Australia? Still it stinks on ice no matter the outcome.
Harry is quite correct - and Harry, I DID work in insolvency in Australia so I am aware of the reasons I can't use my gift card. But - trading whilst insolvent is an offence. So selling gift cards at Christmas when they could not pay their debts by February may constitute an offence. However, being sent endless offers when I have a useless gift card may not be illegal, but immoral? Or tasteless?
Large booksellers in Australia have behave like the proverbial "dog in the manger" for years, putting small retailers out of business, charging universally high prices and stocking rubbish (and I often suspect, cheap stock which may have been publishers remainders). They ignored on-line sales until they were forced into the market, they generally showed a business acumen which would have been disastrous with a corner snack shop.
Maybe one good thing which could come out of this is that we will go back to having specialist, well-run book shops. However, I think any good bookshop managers have long since gone into other fields.
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Old 03-01-2011, 07:22 PM   #26
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So selling gift cards at Christmas when they could not pay their debts by February may constitute an offence. However, being sent endless offers when I have a useless gift card may not be illegal, but immoral? Or tasteless?
My thoughts exactly.

EDIT: I just sent a reply to the newsletter: If anyone actually reads the replies they'll find a link to the URL of this thread.

Last edited by wannabee; 03-01-2011 at 07:27 PM.
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Old 03-01-2011, 07:48 PM   #27
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Originally Posted by snipenekkid View Post
maybe this is a good time to rethink NOT buying gift certs from pretty much any company, even say, Amazon, well maybe not Amazon, but use pre-paid VISA/Mastercard/AMEX cards instead as the actually credit card company will always be there to back the holder of the card.

I honestly never considered the devaluation of prepaid gift cards if a company goes teats-up. But I suppose that is how it works if the holder of the cert is considered a creditor.

Theeeeen again, if it was purchased with a credit card....tadaaaa, I bet you are covered for the full original value of the card. CC companies don't like to have their interest paying cardholders boned by companies. So maybe that is an option you might have to check into? Don't know but, hey worst you are out is 15-minutes on the phone with the credit card company.
Unless the credit card company goes out of business.

This is very similar to what happened went Circuit City went belly up.

For the time being, stick with cash.
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Old 03-03-2011, 12:56 PM   #28
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I wonder what they will put in the vacant lot where my local Borders is located?! So many possibilities!!!

Borders is beginning to annoy me. I guess my ability to put up with them was a symptom of the fact of their still having anything that interested me in a local place. Now that is gone, and I am having a hard time caring. And I thought they were my preferred mega-bookstore.

Hmm, I was wrong. How strange (oh, so not!).
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