Paperchase stores hold closing-down sales with up to 80 per cent off before all 106 of its stores shut for good on Monday
- Cards were as cheap as 10p in one store, with all shops closing by this Monday
Paperchase stores nationwide are holding huge closing-down sales this weekend ahead of all 106 stores shutting their doors for good on Monday.
It comes after the stationery giant was plunged into administration at the end of January, affecting hundreds of jobs.
Shoppers rushed to get last minute bargains ahead of the closure, with discounts of up to 80 per cent in most stores.
In one store in Newbury last week, which has since closed down, cards were being flogged for as little as 10p with price cuts starting at 80 per cent.
Tesco acquired the gift and stationery brand out of administration in February in a deal that did not include its stores or employees, putting 800 jobs in the firing line.
Parkway Shopping Centre in Newbury posted pictures of the front of its Paperchase store, which has no closed for good
Fans of the chain have expressed their upset at the closure online, with many rushing to stores this weekend ahead of their permanent closure.
While many expressed their excitement at securing cut-price stationery, they also described going for their final shop there as ‘bittersweet’.
One customer who was pleased with their final purchase said: ‘80% off closing down sale in Paperchase! Just got a lined notebook £1.60 down from £8. It’s only worth about £1.60 but that is besides the point.’
Another said: ‘In Paperchase for their final weekend, feels a bit like a vulture picking at the carcass what with it being 80% off. Sad to see it go.’
And another shopper added: ‘I got loads of stuff for next to nothing, but I am going to miss this place’.
According to The Sun, 38 stores remain open this weekend in locations including Bath, Birmingham and spots around London (see full list below).
Dozens more of the shops have already closed, in cities including York, Belfast and Plymouth.
On top of this, all concession stands in Next and Selfridges stores have now closed.
In one store in Newbury last week, which has since closed down, cards were being flogged for as little as 10p with price cuts starting at 80 per cent
The chain’s store in Newbury closed on March 20. Dozens of stores have closed already, with the rest set to close on Monday
READ MORE: Where did it all go wrong for Paperchase?
The decades-old brand becomes the latest retailer to collapse in the wake of Covid lockdowns and a shift to online shopping by consumers.
Almost 55 years since its first store opened in Kensington, London, the beloved British brand is the latest victim of the death of the high street.
Founded in 1968 by art students Judith Cash and Eddie Pond, the firm has been struggling for years, going through a form of insolvency proceedings four years ago to cut stores and hack back costs.
It was then bought out of administration in 2021 during the pandemic in a rescue deal that saw around 500 jobs axed.
Paperchase now joins the likes of Joules, Debenhams, Monsoon and the Arcadia Group in disappearing from the country’s retail spaces.
The collapsed company was brought today by Tesco, hours after Paperchase announced it had fallen into administration following years of plummeting sales and soaring costs.
Closing down sales initially started with 20 per cent off before being hiked to 50 and now 80 per cent.
The last-ditch reduction comes after the stationer’s website already ceased trading.
A notice on their site read: ‘It is with a heavy heart that we inform you that the Paperchase.com online store has now ceased trading. All stores will be closed soon.’
Stores are open today between 9.30am and 5.30pm and on Sunday between 10.30am and 4.30pm.
The administrators have been contacted for comment.
Paperchase stores still open
Birmingham Grand Central
Birmingham New St
Kings Cross Station
Leeds Commercial Street
St Pancras Circle
Paperchase stores already closed (including concessions)
Bury St Edmunds
Cardiff St Davids
Henley on Thames
St Pancras Station
Trafford Centre Selfridges
Walton on Thames
White Rose, Leeds
Next Birmingham Junction 9
Next Handforth Dean
Next London Colney
Next Manchester Arndale
Next Oxford Street
Next Selly Oak
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