Papyrus files for bankruptcy, closes all of its stores - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stationery chain Papyrus is filing for bankruptcy and closing all of its stores, impacting more than 1,000 jobs

Schurman Retail Group did not immediately respond to Business Insider's request for comment but in a statement shared with Cleveland.com, a spokesperson said that the majority of stores would shutter in the next four to six weeks.

At its peak in 2009, the company had 500 stores across the US and Canada after it entered into a deal with American Greetings Corp that led to it acquiring the retailer's stores across these two regions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s sad news. Such a nice store.

Yikes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bed Bath & Beyond is closing 41 stores – here's the full list - Business InsiderBed Bath & Beyond is closing stores in 20 states across the US during the first half of 2020. Some of these locations have already shuttered.
Source: BusinessInsider - 🏆 729. / 51 Read more »

McDonald's closes stores amid coronavirus outbreak: Reuters report - Business InsiderMcDonald's has reportedly closed several locations in the Hubei province in China, which is at the center of the coronavirus outbreak.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Express closing stores in 20 states: list with addresses - Business InsiderExpress is closing 100 stores by 2022, including 31 stores across 20 states by the end of January 2020 as part of a companywide restructuring plan.
Source: BusinessInsider - 🏆 729. / 51 Read more »