![]() Penney closing more stores and a call center. Greeting cards need a sympathy note: CVS, Walmart poised to cut back as cards fall out of favorĭepartment store closings: J.C. “More and more people are using text and email and e-cards, and fewer people are buying cards,” Hourican said. Kevin Hourican, president of CVS Pharmacy, told USA TODAY in an interview in 2019 that internal company data showed greeting cards slumping. Retail space occupied by greeting card stores declined by more than 27% from 2013 to 2018, according to real estate data firm CoStar Group. Major retailers, including CVS and Walmart, have cut back or considered cutting back on shelf space for greeting cards, and card companies have closed hundreds of locations. Many Americans gave up cards in favor of digital alternatives, or they send fewer cards between major holidays such as Christmas and Valentine’s Day, analysts said. Messages left by USA TODAY for several Schurman Retail Group executives, including the CEO and COO, were not immediately returned. View Gallery: Store closings, retail bankruptcy 2020: These stores are in danger Lucky's Market store closings: Grocery store reportedly closing the majority of its stores Is your Bed Bath & Beyond store closing?: See the full list of the 40 stores shuttering in 2020 Earlier in the week, the discount was 20% off full-priced items. ![]() The Papyrus website advertised 20% to 40% off all items Thursday and said all sales were final. Court records show of the 254 stores, 178 are located in 27 states and Washington D.C. On Thursday, the retail group filed for Chapter 11 bankruptcy protection. ![]() “Despite our Herculean efforts to realign our Papyrus and American Greetings stores to fit today’s shopping environment, Schurman Retail Group had to make the difficult decision to close all 254 of our stores in North America," Dominique Schurman said in a statement sent to the USA TODAY Network's Indianapolis Star. Most of the 254 closings will take place over four to six weeks, said Dominique Schurman, CEO of Papyrus parent company Schurman Retail Group, in a statement Tuesday.įounded by Marcel and Margrit Schurman in 1950, Goodlettsville, Tennessee-based Schurman has about 1,400 employees at its stores. Greeting card and stationery chain Papyrus is closing its stores in another blow to the ailing industry. Watch Video: Bed Bath & Beyond, other store closings can blame shoppers
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