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Papyrus: Don’t Have a Card for This One – Purchase Store is Closing in Wake of Bankruptcy

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Papyrus, the greeting card and stationery chain on Purchase Street, will close at the end of this month.

The Rye location, at the corner of Purchase and Locust, is one of the chain's 254 locations. All locations are closing in the wake of the company's bankruptcy, just another sign of Purchase Street store turnovers and the larger carnage across the retail industry.

The store is advertising 40-60% reductions and a sign saying "everything must go". The last day will be Saturday, February 29, 2020.

From the NY Post:

"Stationery seller Papyrus will shutter all of its retail stores after its parent company filed for bankruptcy.

Schurman Fine Papers, the Tennessee-based firm that operates the artsy greeting-card retailer, plans to close all of its 254 locations and sell off their inventory, bankruptcy court papers show.

Schurman, which employs 1,100 people in the US, expects to shut down the stores by the end of February, it said in a court filing Thursday. The company operates 178 stores in the US and 76 in Canada under the Papyrus, American Greetings, Carlton Card and Paper Destiny brands, filings show."

Read the rest.

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