Use your justice gift card: Everything you need to know

Table
  1. Can I Still Use My Justice Gift Card?
    1. Understanding the Restructuring Process
    2. The Future of Justice

Can I Still Use My Justice Gift Card?

If you're wondering whether you can still use your Justice gift card, the answer is yes, you can. Despite the recent announcement of Justice's parent company, ascena retail, filing for Chapter 11 bankruptcy, gift cards, merchandise credits, and customer rewards will continue to be redeemable in all open US stores and on shopjustice.com.

This news may come as a relief to many Justice customers who may have been concerned about the fate of their gift cards. It's important to note that while Justice is undergoing a restructuring process, they will still honor their commitments to their loyal customers.

Can I still use my justice gift card?

Understanding the Restructuring Process

ascena retail, the parent company of Justice, has entered into a Restructuring Support Agreement (RSA) with over 68% of its secured term lenders. The RSA aims to significantly reduce ascena's debt by approximately $1 billion and provide increased financial flexibility to enable the company to continue its focus on generating profitable growth and driving value for customers and stakeholders.

As part of the RSA, ascena has received commitments for a $150 million new money term loan from its existing lenders. To implement the RSA, ascena filed voluntary petitions for relief in the United States Bankruptcy Court under Chapter 11 of the United States Bankruptcy Code.

Through this process, ascena will continue operating its brands, including Ann Taylor, LOFT, Lane Bryant, Justice, and Lou & Grey, both in stores and online. However, there will be some changes to the company's brand portfolio and store footprint.

As part of the balance sheet restructuring, a significant number of Justice stores will be closed, along with a select number of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores. This includes the exit of all stores across brands in Canada, Puerto Rico, and Mexico, as well as the closure of all Catherines stores.

Despite these closures, ascena has entered into an asset purchase agreement with City Chic to sell the Catherines intellectual property assets and transition its e-commerce business to a subsidiary of City Chic. This sale process will be conducted under Section 363 of the Bankruptcy Code, with City Chic serving as the stalking horse bidder in a court-supervised auction process.

ascena remains hopeful and optimistic that landlords will partner with them to keep as many stores open as possible. The final number of store closings will depend on the ability of ascena and landlords to reach agreement on sustainable lease structures.

The Future of Justice

Despite the changes and challenges ascena is facing, the company is committed to stabilizing its financial position and moving forward as a strong, profitable business. The restructuring process is expected to be expedited, allowing ascena to focus on generating profitable growth and driving value for customers and stakeholders.

While the closure of some Justice stores may be disappointing for loyal customers, the ability to still use gift cards, merchandise credits, and customer rewards in open US stores and on shopjustice.com provides some reassurance. This ensures that customers can continue to enjoy the Justice brand and redeem their rewards.

It's important to note that the availability of open stores and the acceptance of gift cards may vary depending on the specific location. Customers are encouraged to check the status of their local Justice store and verify the acceptance of gift cards before making a purchase.

If you have a Justice gift card, you can still use it in open US stores and on shopjustice.com. Despite the parent company, ascena retail, filing for Chapter 11 bankruptcy, gift cards, merchandise credits, and customer rewards are still redeemable. While there will be store closures as part of the restructuring process, ascena remains committed to its customers and will continue operating its brands, including Justice, in a reduced number of retail stores and online.

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