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By 2005, the company operated around 146 Papyrus retail shops. At that time, there were around 37 Papyrus stores nationwide, and the company was bringing in $10 million per year.
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In 1991, Dominique Schurman became the CEO of Schurman Fine Papers and Papyrus. In the 1980s, the company began domestic production of Papyrus products. Over the next five years, more Papyrus stores opened around the United States, and the company soon began selling franchises. The original store was opened for less than $1,000 and featured a variety of fine art-inspired greeting cards, postcards, and other paper products. It began as the retail wing of Schurman Fine Papers (now, the Schurman Retail Group). I just always assumed that the store would stay stationary,” Cash wrote.The first Papyrus retail shop was opened in 1973 by Margrit Schurman in Berkeley, California. "It is tearable news that Papyrus folded. Cash ’20 wrote in an emailed statement that he was disappointed to hear about the closure of the Harvard Square shop. The company grew to over 500 stores, opening its Harvard Square shop in 2004. In addition to stationery, the chain sold various gift products, including picture frames, writing utensils, gift wrap, greeting cards, decorative notebooks, and alternative types of paper. Papyrus was founded as the flagship brand of the Schurman Retail Group in 1973. Papyrus did not respond to a request for comment. Papyrus - which currently has more than 1,000 employees in the United States - struggled with a general decline in brick-and-mortar retail sales and financial concerns stemming from fledgling stores acquired in 2009, the New York Times reported. “We hope that through our artistic, thoughtful greeting cards and our personal expression products that we were able to inspire you to celebrate and honor the special people in your lives.” “We regret that we are closing all our stores,” the post reads. In a Facebook post, Papyrus thanked customers for their patronage and assured fans that the brand will “live on.” Papyrus’ demise follows a number of more local recent closures in Harvard Square, including Black Ink and Out of Town News. International stationery chain Schurman Fine Papers - which also owns American Greetings and Carlton Card - declared bankruptcy last Thursday and plans to close all 254 of its Papyrus stores, according to the New York Times.
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Kennedy Street in Harvard Square, will permanently shutter its doors.
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