Papyrus (company) explained

Papyrus
Type:Private
Foundation:1973
Fate:Closed in 2020
Founder:Margrit Schurman
Location City:Goodlettsville, Tennessee
Location Country:U.S.
Area Served:North America
Key People:Dominique Schurman (CEO)
Parent:Schurman Retail Group

Papyrus (stylized as PAPYRUS) is a brand name originated by a former American stationery and greeting card retailer that at one time operated over 450 stores throughout the United States and Canada.[1] [2] It was headquartered in Goodlettsville, Tennessee, and was the flagship brand of the Schurman Retail Group.[3] The company sold a variety of products, including greeting cards, stationery, gift wrap, specialty gifts, jewelry, customized invitations, and other paper products.[4] [5] [6] It was one of the largest greeting card retailers in the United States.[7] [8] The Papyrus products rights are owned by American Greetings.[9]

History

The first Papyrus retail shop was opened in 1973 by Margrit Schurman in Berkeley, California. It began as the retail wing of Schurman Fine Papers (now, the Schurman Retail Group).[10] [11] 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. Over the next five years, more Papyrus stores opened around the United States, and the company soon began selling franchises. In the 1980s, the company began domestic production of Papyrus products.[10]

In 1991, Dominique Schurman became the CEO of Schurman Fine Papers and Papyrus. At that time, there were around 37 Papyrus stores nationwide, and the company was bringing in $10 million per year. By 2005, the company operated around 146 Papyrus retail shops.[10] [4] In 2009, Papyrus's parent company, Schurman Retail Group, purchased all 346 American Greetings retail shops.[7] A number of these stores were eventually rebranded as Papyrus stores.[12]

On January 16, 2020, it was announced that all 260 remaining Papyrus and other Schurman retail stores would be closing. On January 17, 2020, liquidation sales began in all stores under the management of Gordon Brothers.[13] 30 of their closed stores were picked up by Paper Source by early March 2020.[14]

Products

Papyrus sold a variety of luxury paper products including a selection of stationery and greeting cards. The chain is perhaps best known for its high-end greeting cards that often incorporated items like buttons, fabric, leather, zippers, glitter, and other embellishments.[1] The stores also offered products like journals, note cards, gift wrap, and customized invitations.[4] [5] [6] Through the NIQUEA.D brand, Papyrus sold a selection of gifts, jewelry, and other fashion accessories. Other brands sold in Papyrus stores included American Greetings and Carlton Cards. The Papyrus logo is a distinct pink hummingbird and can be found on a variety of Papyrus products.[1] [15]

Notes and References

  1. News: Selling Sentiment. Success. January 20, 2013. August 10, 2016. https://web.archive.org/web/20160923192405/http://www.success.com/mobile/article/selling-sentiment. September 23, 2016. dead.
  2. Draper. Jesse. May 10, 2013. Papyrus Stores And Their Passion For Paper. Forbes. 30 November 2020.
  3. News: March 2, 2016. Papyrus signs long-term retail lease with ESRT. Real Estate Weekly. 30 November 2020.
  4. Fried. John. Things I Can't Live Without: Dominique Schurman. Inc.. December 1, 2005 . August 10, 2016.
  5. News: Golden. Fran. There's something about a letter—still. The Register-Guard. August 27, 2007 . August 10, 2016.
  6. Lueck. Shane. Say It With A Card. Lavender. August 4, 2016 . August 10, 2016.
  7. News: Simpson. Emma. Clinton Cards has a new look, but can its reinvention work? . BBC. December 24, 2012 . August 10, 2016.
  8. News: Pazornik. Amanda. December 9, 2010. 'Congrats' card in order: Papyrus CEO from East Bay named a 'Jewish woman to watch'. jweekly.com. August 10, 2016.
  9. News: Thorbecke . Catherine . Beloved stationery shop Papyrus closing all stores . April 17, 2020 . ABC News . January 24, 2020 . en.
  10. Eng. Dinah. Schurman Retail Group: Crafting a real paper success . Fortune. August 29, 2013 . August 10, 2016.
  11. News: Lee. Ellen. How Papyrus greeting cards still connect. San Francisco Chronicle. August 11, 2012 . August 10, 2016.
  12. News: Bammer. Richard. May 1, 2011. Fairfield firm finds success in paper, gifts. The Reporter. 30 November 2020.
  13. News: Brown. Jakki. January 21, 2020. Papyrus, The US Leading Specialist Card Retailer Closes All Stores. pgbuzz.net. April 17, 2020.
  14. News: Stych . Anne . Some Papyrus stores reopening as Paper Source locations . April 17, 2020 . Biz Women . March 4, 2020.
  15. News: Lepore. Meredith. Executive Suite: Papyrus CEO Dominique Sherman Says It Is A Misnomer That 'You Can Have It All'. The Grindstone. June 26, 2012. August 10, 2016. July 28, 2016. https://web.archive.org/web/20160728002025/http://www.thegrindstone.com/2012/06/26/mentors/executive-suite-papyrus-ceo-dominique-sherman-says-it-is-a-misnomer-that-you-can-have-it-all-293/. dead.