From Joann Fabrics to Forever 21, more than 8,100 stores closed across the U.S. in 2025, according to retail industry analytics firm Coresight Research.
What if you still have an unused gift card from any of these businesses?
Warehouse chain Costco recently issued a recall for Synergy restaurant gift cards sold between Oct. 27, 2025, and Jan. 26, 2026. According to FOX Business, the recall is due to Synergy World, a gift and loyalty card company, abruptly shutting down last month after filing for Chapter 7 bankruptcy protection. Thus, the gift cards can no longer be redeemed.
What happens if you have a gift card and the business closes?
If a busi…
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