Greeting card and stationery chain Papyrus is closing its stores in another blow to the ailing industry, USA TODAY reported. 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. Founded by Marcel and Margrit Schurman in 1950, Goodlettsville, Tenn.-based Schurman has about 1,400 employees at its stores. The retail group yesterday filed for chapter 11 bankruptcy protection. Court records show of the 254 stores, 178 are located in 27 states and Washington D.C. and the company has 1,000 U.S. employees. The other stores are in Canada. The Papyrus website advertised 20 percent to 40 percent off all items yesterday and said all sales were final. Earlier in the week, the discount was 20 percent off full-priced items.
