Greeting Card Chain Folds

Last year was a tough one for the retail industry and 2020 isn't looking much better. The owner of greeting card and stationery chain Papyrus says that after "Herculean efforts" to make its stores "fit today's retail environment," it is calling it quits, USA Today reports. Schurman Retail Group says all 254 Papyrus and American Greetings stores in North America will be closing over the next four to six weeks. The chain, which employs around 1,400 people, was founded in 1950 and once had more than 450 stores. Fortune reports that all Papyrus merchandise online is now 20% off—and all sales are final. (Pier 1 Imports announced earlier this month that it is closing almost half of its stores.)