These Big Stores Are About To Shut Down This Year And Here’s Why

Published on 07/06/2021
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Paper Source

Paper Source is an American stationery and gift retailer that sells custom invitations, greeting cards, gifts and so much more. Founded in 1983, the retail company, filed for bankruptcy in March 2021. However, not long after this, it emerged that Paper Source was then sold to Barnes and Noble. This meant 130 stores would be saved as well as 1700 employees. Naturally, this was all due to COVID-19.

Paper Source

Paper Source

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Goodwill

Unfortunately, due to the global pandemic, Goodwill was forced to stay closed for the majority of the COVID-19 outbreak. But that’s not all, the nonprofit thrift store was also forced to close 8 locations and lay off around 60 employees. “We have had to make a difficult decision for economic reasons,” said Mike Keenan, president, and CEO of Goodwill Industries of the Greater East Bay. “Our employees are our first priority, and we will continue to do everything we can to support them at this difficult time and fulfill the Goodwill mission in our remaining stores and facilities. Let’s hope things improve for them!

Goodwill

Goodwill

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