Well done Eric. What should happen now is that through the power of social media [ although I am not a fan ] - people with vouchers should all go into a store and stage a sit in until they get what they want from their vouchers.
tho I do agree its not fair for the customer to lose out via a voucher they should be the first to be baled out.[Get at least there moneys worth]
Last edited by januttall; 17th January 2013 at 02:46 PM.
The issue with the Grandad 'stealing' story is that is HMV Ireland. I was informed that they are a separate entity and have not called in administration. In fact Ireland has no administration process, they have a different system all together.
£20 should tell you something.
Last edited by Arthur; 17th January 2013 at 03:19 PM.
TechMonkey HMV in Ireland have been put into receivership and from reading this page on the BBC news site (BBC News - Irish HMV staff stage sit-in protest as 16 stores close), the directors of HMV have requested that the Irish operation is closed down the 16 stores that employ about 300 people.
Why should voucher holders/puchasers be last in the queue when it comes to reimbursement?
Like X-13, I don't give a toss about the 'Unsecured Creditors' crap, HMV took money for vouchers, when they knew full well they were going into receivership, they should honour the vouchers, full stop. Anything else is just corporate sharp practice at best, and stealing at worst.
But, oh gosh, these people are Company Directors and they live in big houses and drive big cars, surely they're too respectable to be guilty of sharp practice or stealing, aren't they?
If you're trying to say, 'Why didn't that old man give his grandson cash?', then you'd have to ask him, not me or us.
Originally Posted by FN-GM
Was listening to Blink-182 on Spotify and found a Bluegrass cover CD and it was a seriously awesome find. The Hillbilly/Yokabilly version of 'All the Small Thinks' was classic!
Last edited by Rawns; 17th January 2013 at 04:32 PM.
They are vastly popular as presents and yet they come with a sting in the tail. Now Martin Lewis, founder of the consumer website MoneySavingExpert.com, is advising people to avoid gift cards and vouchers this Christmas because of the risk of losing all of your money.
"They're just a promise from a company, but if that company goes bust or changes hands you've no rights," he said. "Remember too that one of the ways that companies make money from vouchers is that many remain unredeemed."
The problems with gift cards and vouchers were highlighted again last week when JJB Sports announced that it would appoint administrators. The shops are likely to remain open, but, with the company changing hands after the administration, those left holding gift cards will find that they cannot spend them.
Gift card holders have no rights if a company goes bust
As JJB cardholders will find, if you have a gift voucher and the issuing company goes into administration, you are effectively left holding a useless piece of plastic.
Voucher-holders' money is not ring-fenced or protected if a company goes bust. Instead, you will be classed as creditors and by law must take your place alongside everyone else owed money by the failed company. Since voucher-holders are unsecured creditors, they usually find themselves at the back of the queue.
Millions of pounds' worth of gift vouchers go unspent each year
You might get a warm glow out of the fact that you have given your aunt £30 to spend on a new scarf, but if it is on a gift card she may well never do so. According to the GCVA, 6% of all vouchers go unspent. Given that £4bn of gift cards and vouchers are bought each year, that's £240m annually sitting on people's mantelpieces or in their bottom drawers.
Mr Johnson said the main reason for this was "consumer apathy". Another problem is that if your aunt ends up buying a scarf worth just £27, she may not bother to go back and spend the other £3 later. (Source)
Deloitte is now actively searching for a buyer for the HMV chain in order to save the retailer, which accounts for a quarter of UK physical music and video sales.
The administrator said today that it has already had "very positive" expressions of interest in HMV, with several parties getting in touch following the firm's collapse. Hilco, the owner of HMV Canada, is said to be among those interested in HMV stores. (Source)
HMV thought it wouldn't matter because they'd already taken the money for the vouchers.
Like I said, Sharp Practice at best, stealing at worst, and no amount of law-quoting is going to make it right.
Lawful? Yes. Right? No.
@mattx is just being himself. Of course laws aren't meant to be broken. And we have police because we know that people will always break laws - not the same thing at all!
But I do wonder if there is an argument to be had about them selling gift vouchers if they knew that there was a problem with the company
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