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Friday, January 23, 2009

Blue Tulip Stores Closing!

Blue Tulip Stores Are Closing! Cash in your gift cards ASAP!

"This Blue Tulip bankruptcy is about to wilt hundreds of thousands of dollars worth of gift cards and consumer deposits," Blumenthal said. "Nearly $400,000 worth of gift cards will soon be worthless plastic, and deposits are in danger of vanishing if consumers fail to act now.

"This bankruptcy -- and countless others -- is a sobering reminder to all gift card holders: Use it or lose it. In the state of our economy, time is money. No matter how sound the retailer, consumers must use gift cards promptly. Don't delay on outstanding deposits and cash in your credit."

The Tulip Corporation, a retailer of gifts and entertainment products, including personalized items, filed for Chapter 11 Bankruptcy will close all of its stores by Jan. 31. The bankrupt Blue Tulip has only agreed to honor gift cards, deposits and promotional gift cards through close of business on Jan. 31. Merchandise credits will be honored through Jan. 15.

Blue Tulip's merchandise credits, unredeemed gift cards, deposits and promotional gift cards, estimated at $388,000, may soon be worthless. The company also holds approximately $4,000 in deposits for customized goods. Consumers have only until the end of the month to pay the outstanding balance and claim their items.

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Michelle and I thought this was important to send to our clients and future clients. We used Blue Tulip to help design our invitations when we realized that we can do it on our own for half the cost. However, we felt Blue Tulip was a phenomenal store to spark our wedding ideas and are sad to see it close.

If you are in need of inspiration for your wedding invitations, menus, programs, etc. Try Blue Tulip before it's too late!

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