Greeting card, stationery and gift retail chain Papyrus is closing all 254 stores in the United States and Canada, the parent company’s chief executive said in a statement sent to various media outlets Tuesday.
Papyrus operates just one Indianapolis store, on the first floor of the Fashion Mall at Keystone. Its only other Indiana store is in University Park Mall in Mishawaka.
The stores will be liquidating merchandise over the next month to six weeks before closing.
“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, which will impact our workforce of about 1,400 employees,” SRG CEO Dominique Schurman said in a written statement. “We want to thank all of our loyal customers for their patronage of our proud family business started by my parents 70 years ago.”
Headquartered in Goodlettsville, Tennessee, Papyrus at one time operated more than 450 stores.