Will Woolies honour gift vouchers

edda

I know Woolworths trading is poor at the moment - if they sell up or go into liquidation will I lose the money against any gift vouchers I have bought?

If so (and I paid by credit card) can I claim the money back? The value of individual tokens is less than £100.

Should I rush out and spend the money - instead of giving them people for Xmas as I had planned?

zenseeker

They're nowhere near liquidation yet, so your vouchers are safe.

TehJumpingJawa

I'd go and get a refund, state that they're not fit for the purpose they were sold.:rolleyes:
Then just give cash for xmas!

zenseeker

TehJumpingJawa wrote: »

I'd go and get a refund, state that they're not fit for the purpose they were sold.:rolleyes:
Then just give cash for xmas!

How are they "not fit for purpose"? They are still valid and not exchangeable for cash.

edda

catmiaow

Have they not gone into administration now? If their high street vouchers you can use them in other places, but if there is no woolies open then the vouchers are worthless!

covlass

I would spend them now no one knows how long they will continue trading for.

wookie_2

covlass wrote: »

I would spend them now no one knows how long they will continue trading for.

You never know they may have a few bargains, if there is any decent stock left that is. I know our local one looks like its packing up already, empty shelves and no chance of them re stocking. Those poor staff know ing that they wont have jobs to go back to. Hope they get paid for xmas at least as that would be a final nail in their coffins.

luvvabargin

I'm no insolvency expert, just thinking logically... I would assume that gift voucher holders are just another creditor, and you would probably be well down the list (The actual administrators will get paid first, then HMRC come next, then any other prefferencial creditors like banks who have mortgages...)

But if they were bought on a credit card, then I assume your purchase would be protected that way?... unless there is some silly clause that it only protects actual "goods" and vouchers might not count as "goods" - its the sort of sly get-out clause that a credit card company is likely to have I suspect... I really hope I'm wrong on that!

itsnever2lateisit?

To the OP spend them now and buy the presents yourself. Now Woolies are in administration there is a real danger that stores will start to close at Christmas. This is their best selling season so I would expect the administrators to continue trading for the time being, and also to start liquidating stock, so bargains to be had now, which is going to causee other retailers big problems and will flush out the weak among them

Meadows

According to GMTV this morning, the stores will probably stay open for another few weeks to try and sell off goods, so best to spend vouchers ASAP.