- If customers don't use their gift cards and loyalty points within 30 days, the rewards will lose their value.
- When Borders began liquidating its stores in July 2011, about 17.7 million gift cards were left outstanding.
- Customers filed a lawsuit to recoup their losses, but a judge ruled that the gift cards — worth an estimated $210.5 million — would not be refunded.
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Toys R Us gift cards will expire in 30 days
Toys R Us gift cards, rewards dollars, and other loyalty perks will expire in 30 days, the company told Business Insider.
that it must liquidate. Gift card holders are now among a vast group of creditors — including Toys R Us suppliers — that will be looking to get paid back through the liquidation process.
"Toys R Us is not going to want to drag this out," Lopez-Castro told Business Insider in an interview last week.
More on Toys R Us demise:
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- Here's why Toys R Us couldn't be saved
- Toys R Us will close or sell all of its US stores
- Toys R Us is closing all its US stores — and blowout clearance sales could begin within weeks
- Toys R Us says a 'perfect storm' killed the toy chain — and it blames Amazon, Walmart, and Target
- These companies will be the biggest winners when Toys R Us closes its stores
- We visited one of the last Toys R Us stores to open — here's what it looked like
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