You are here: Home - Saving & Banking - News -

Topshop gift card rules changed after Arcadia collapse

0
Written by:
03/12/2020
Shoppers with an Arcadia gift card to spend at Topshop and Dorothy Perkins can only use it against half the purchase cost.

The full value of an Arcadia gift card – valid at Topshop, Topman, Burton, Dorothy Perkins, Evans, Wallis, Miss Selfridge and Outlet – can only be put towards up to 50% of a purchase.

As an example, a customer with a £10 gift card would need to spend £20 in order for the transaction to be accepted.

An Arcadia spokesperson added that gift cards remain valid in full across all brands and they’re currently being accepted in all stores, with customers able to use them online from early next week.

Arcadia collapsed into administration earlier this week, putting around 13,000 retail jobs at risk across its 444 UK sites and 22 overseas sites.

If a company goes bust, administrators are under no obligation to accept gift cards, meaning customers can lose their money.

As such, customers should look to spend them as soon as possible, and preferably in-store just in case an online order doesn’t arrive or is faulty or needs to be returned.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week