Stationary retailer Papyrus is shuttering all of its stores, with liquidation sales already underway, according to a report by Retail Dive.
There are more than 260 Papyrus stores, including eight in New Jersey, according to the company’s website.
The New Jersey stores are in Bridgewater, Chester, Hackensack, Jersey City, Marlton, Paramus, Ridgewood and Short Hills. Store managers and employees at each location told NJ Advance Media either they have no comment or a closing date is not yet known.
The store closures are a result of the “current challenges of the retail industry,” Papyrus said in a statement to Retail Dive. The company hired liquidation firm Gordon Brothers to assist with liquidation sales, according to the report.
Greeting cards, gift bags, paper products and writing accessories are sold by Papyrus, which said in its statement it has not yet been determined if its e-commerce sites will halt operations.
Papyrus is just another in a long list of chain stores to be hit by the retail apocalypse. Bose recently announced the closure of 119 stores, and Pier 1 Imports will shutter up to 450.
The Schurman family founded Papyrus in 1950.
Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
MORE RETAIL AND SHOPPING COVERAGE:
The list of chains that closed stores in 2019
Amazon joins the wireless earbud craze with Echo Buds
Pier 1 Imports will close 450 stores. Here’s the status of each N.J. location.
Retail - Latest - Google News
January 20, 2020 at 11:23PM
https://ift.tt/37dGSpN
Papyrus to close all stores, including 8 in N.J. - NJ.com
Retail - Latest - Google News
https://ift.tt/2JDvGsM
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
No comments:
Post a Comment