Coldwater Creek is, alas, joining Blockbuster, Borders, Burdines, Circuit City, Linens-N-Things and Mervyns as another gift card-issuing company going out of business. My wife received an e-mail from the CEO on April 11 relaying the sad news. Cards were immediately removed from the company's website and stores.
If you have any active cards on hand, now would be a good time to use them up. Going-out-of-business sales begin tomorrow.