“It’s death by a thousand emojis,” said Mark Cohen, director of retail studies at Columbia Business School. The company says it will shutter 178 stores in 27 states and the District of Columbia, and 76 locations across Canada. Though Schurman operates the stores, the brand is owned by American Greetings. ADFounded by Marcel and Margrit Schurman in 1950, Papyrus started out as an importer and wholesaler of high-end greeting cards and stationery before stepping into retail. The first Papyrus store opened in 1973 in Berkeley, Calif., and American Greetings, Carlton Cards and Paper Destiny all eventually came under the Schurman umbrella.

Source: Washington Post January 24, 2020 15:10 UTC