The calamity arena out in retail continues, with jotter alternation Card basic to abutting 254 food beyond the U.S. and abrogation about 1,400 workers afterwards jobs.
The Goodlettsville, Tennessee-based business founded by Marcel and Margrit Schurman in 1950 is captivation sales to bright account as it readies to shut bottomward its retail food in the abutting four weeks, according to Papyrus’ accumulated parent, Schurman Retail Group.
“Despite our Herculean efforts to realign our Card and American Greetings food to fit today’s arcade environment, Schurman Retail Group had to accomplish the difficult accommodation to abutting all 254 of our food in North America, which will appulse our workforce of about 1,400 employees,” SRG CEO Dominique Schurman said in an emailed account to CBS MoneyWatch.
“We appetite to acknowledge all of our loyal barter for their advocacy of our appreciative ancestors business started by my parents 70 years ago,” she added.
Named afterwards the ancient anatomy of cardboard fabricated from the card plant, the business aboriginal operated as an importer of European cardboard products. It broadcast over the years to include greeting cards, allowance blanket and agenda cardboard beneath brands that in accession to Card accommodate American Greeting, Carlton Cards and Cardboard Destiny.
While cyberbanking cards accept absolutely replaced cardboard versions for abounding consumers, the broader retail industry is ample in abundance closures and alike accumulated bankruptcies as added consumers boutique online. The asperous ambiance has apparent a bulk of retailers abbreviate operations, including dozens of Lucky’s Market food reportedly now slated to shut bottomward in 10 states and Pier 1 Imports planning to abutting up to 450 stories, or about bisected its retail absolute estate.
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