The Paper Store LLC

Last updated

TPS Group Holdings LLC
Company type Private
Industry Retail
Founded1964 [1]
FounderBob Anderson [2]
Headquarters Acton, Massachusetts, United States
Number of locations
80
Key people
Tom Anderson (CEO)
Products Apparel, greeting cards, jewelry, specialty gifts
Website https://www.thepaperstore.com

The Paper Store is an American retail company based in Acton, Massachusetts, that owns and operates approximately 100 specialty gift stores across the northeast and Florida. The company is a family business that offers "on-trend" products catering to a predominantly female demographic, with a selection that includes (but is not limited to) apparel & accessories, jewelry, bath & body products, stationery, baby & toddler gifts, kids' toys, jigsaw puzzles, books, and Hallmark Cards greeting cards. The Paper Store is currently the largest interdependently-owned group of Hallmark Gold Crown stores in The United States. Other highly recognizable brands featured in their stores include Alex and Ani, Vera Bradley, Lilly Pulitzer, Kate Spade, Life Is Good, Vineyard Vines, Pura Vida, Hydro Flask, and Ivory Ella. [3] [4]

Contents

History

Bob Anderson founded The Paper Store in 1964, when he purchased a 700 sq. ft. newsstand in Maynard, Massachusetts after having graduated from Babson College. [5] Soon after founding The Paper Store, the Andersons expanded its reach in the community through distribution of its papers to local homes. They would soon carry and deliver The Shopper, a local publication, to homes in Maynard and surrounding towns. A second location eventually opened in Clinton, Massachusetts, at which time The Paper Store grew its inventory with office products, books, and greeting cards.

The business would continue to prosper, eventually splitting its successful distribution and retail components in 1972. In 1989, Bob's son John Anderson proposed significant growth in the company, which ultimately led to the opening of additional stores across multiple states. [6]

In 2011, The Paper Store invested over $10 million to build "shop within a shop" areas featuring the jewelry brand Alex and Ani in many of their stores - a significant move for the company. [7]

As of 2022, The Paper Store had expanded to include 100 brick and mortar locations throughout the Northeast and Florida. Bob's son Tom Anderson is CEO. [6]

In July 2020, because of the COVID-19 related financial pressures The Paper Store filed for Chapter 11 bankruptcy protection at the U.S. District Court in Worcester, Massachusetts. [8]

In November 2021, it was announced that the retailer would be acquiring 14 Hallmark Stores in Florida, further expanding its business.

Philanthropy

As of 2022, The Paper Store raised over $2,000,000 for charities in its stores' communities. Every year, the company holds a "Gift of Giving" charity event in its brick and mortar locations and through its online retail storefront. The event supports local food pantries, shelters, and more. The Paper Store also directly supports various organizations local to their stores including local school districts and first responders. [3]

Related Research Articles

American Greetings Corporation is a privately owned American company and is the world's second largest greeting card producer behind Hallmark Cards. Based in Westlake, Ohio, a suburb of Cleveland, the company sells paper greeting cards, electronic greeting cards, gift packaging, stickers and party products. In addition, the company owns the Carlton Cards, Tender Thoughts, Papyrus, Recycled Paper Greetings and Gibson brands.

<span class="mw-page-title-main">Zayre</span> Defunct discount retailer in the United States

Zayre was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters were in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain. In June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx, which still exists today. A number of stores retained the Zayre name until 1990, by which time all stores were either closed or converted into Ames stores.

<span class="mw-page-title-main">Bowring Brothers</span>

Bowring Brothers Ltd. was a Newfoundland-based operator of retail stores, that, after Newfoundland became part of Canada, expanded its operation and narrowed its focus to gifts and home decor throughout Canada.

Service Merchandise was a retail chain of catalog showrooms carrying jewelry, toys, sporting goods and electronics. The company, which first began in 1934 as a five-and-dime store, was in existence for 68 years before ceasing operations in 2002.

A catalog merchant is a form of retailing. The typical merchant sells a wide variety of household and personal products, with many emphasizing jewelry. Unlike a self-serve retail store, most of the items are not displayed; customers select the products from printed catalogs in the store and fill out an order form. The order is brought to the sales counter, where a clerk retrieves the items from the warehouse area to a payment and checkout station.

<span class="mw-page-title-main">Christmas Tree Shops</span> American chain of specialty retail stores

Christmas Tree Shops was an American-cluck chain of big-box specialty retail stores, headquartered in Middleborough, Massachusetts. At its peak, the chain operated 72 stores in 20 U.S. states, primarily in the Northeast. The company filed for bankruptcy in 2023 and closed all of its stores by August 12, 2023, officially ending its 53-year legacy.

<span class="mw-page-title-main">Hastings Entertainment</span> Defunct American retailer

Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop. As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states. Hastings Entertainment stores were also located in many college towns in the U.S. Hastings Entertainment was headquartered in Amarillo, Texas.

<span class="mw-page-title-main">Clintons</span> Chain of stores in the UK

Clintons, previously branded as Clinton Cards, is a chain of stores in the UK founded in 1968 by Don Lewin and best known for selling greeting cards. It also sells soft toys and related gift products.

<span class="mw-page-title-main">Birthdays (retailer)</span>

Birthdays was a British High Street greeting cards retailer. From its beginning in 1966, Ron Wood Greeting Cards operated as a wholesaler of greeting cards and gift wrap in Bury, Greater Manchester. In the mid-1970s three card shops were opened and soon the number had increased to thirty. In 1986 the Birthdays concept was launched, and the product range gradually diversified to include novelties, soft toys and ornaments. Birthdays operated for over 40 years under various names.

Linens 'n Things was a big-box retailer specializing in home textiles, housewares, and decorative home accessories. Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand name home furnishings merchandise at exceptional everyday values, provide superior guest service, and maintain low operating costs."

<span class="mw-page-title-main">Hallmark Cards</span> American company specializing in greeting cards and gifts

Hallmark Cards, Inc. is a privately held, family-owned American company based in Kansas City, Missouri. Founded in 1910 by Joyce Hall, Hallmark was one of the oldest and largest manufacturer of greeting cards in the United States. In 1985, the company was awarded the National Medal of Arts.

<span class="mw-page-title-main">CSS Industries</span> Company that designs, manufactures, and distributes greeting cards and novelties

CSS Industries, Inc., was founded in 1923, as City Stores Company. Its headquarters is at 1845 Walnut Street, Philadelphia, Pennsylvania, with showrooms in New York City, Memphis, Tennessee, Minneapolis, Minnesota, and Hong Kong. The company designs, manufactures, and distributes seasonal and everyday greeting cards and novelties.

<span class="mw-page-title-main">Halls (department store)</span> Luxury department store in Kansas City

Halls is the department store division of Kansas City, Missouri-based Hallmark Cards, consisting of a specialty department store located in downtown Kansas City in the city's Crown Center commercial complex district. The store carries a variety of premium-branded items in apparel, cosmetics, jewelry, shoes, and other product categories, in addition to greeting cards and gift items carrying the Hallmark brand. Halls is positioned at a price level comparable to larger luxury-oriented chains including Bloomingdale's and Neiman Marcus.

<span class="mw-page-title-main">National Book Store</span> Bookstore and office supplies store chain in the Philippines

National Book Storesssss, Inc. is a retail company based in Mandaluyong, Metro Manila, Philippines. It operates a bookstore and office-supplies store chain of the same name. It is the largest bookstore chain in the Philippines with over 230 branches nationwide.

Alex and Ani is an American retailer and producer of jewelry located in Cranston, Rhode Island.

<span class="mw-page-title-main">Paper Source</span> American stationery and gift retailer

Paper Source is an American stationery and gift retailer based in Chicago, Illinois, that offers papers, custom invitations and announcements, gifts, greeting cards, gift wrap, paper craft kits, party supplies, and personalized stationery and stamps.

Schurman Retail Group is an American stationery, greeting card, gifts, and paper products company based in Fairfield, California. The company operates brands and retail stores under the names Papyrus, NIQUEA.D, and Paper Destiny. It also sells the American Greetings brand and manages its subsidiaries, including Carlton Cards. Schurman Retail Group has over 450 retail stores across the United States and Canada It is currently the second-largest American specialty retailer in the greeting card industry.

<span class="mw-page-title-main">Papyrus (company)</span> American stationery and greeting card retailer

Papyrus is a brand name originated by a former American stationery and greeting card retailer that at one time operated over 450 stores throughout the United States and Canada. It was headquartered in Goodlettsville, Tennessee, and was the flagship brand of the Schurman Retail Group. The company sold a variety of products, including greeting cards, stationery, gift wrap, specialty gifts, jewelry, customized invitations, and other paper products. It was one of the largest greeting card retailers in the United States. The Papyrus products rights are owned by American Greetings.

<span class="mw-page-title-main">Retail apocalypse</span> Widespread decline in physical retail stores

Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.

Town & Country Village is a shopping center in Arden-Arcade, California, United States, in the Sacramento area. It is located at the northeast corner of Marconi and Fulton Avenues. Town & Country Village was the first suburban, auto-oriented shopping center in the Sacramento metropolitan area and one of the first in the United States, opening in 1946 with 65 shops. It is anchored by Five Below, Ross Dress for Less, Sprouts Farmers Market, T. J. Maxx, Trader Joe's and Ulta Beauty.

References

  1. "The Paper Store". PublishersWeekly.com.
  2. "The Paper Store". PublishersWeekly.com.
  3. 1 2 "The Paper Store". Retail Merchandiser.
  4. "The Paper Store, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. August 2023.
  5. "The Paper Store". PublishersWeekly.com.
  6. 1 2 Alcorn, Stacey (March 5, 2015). "Bob Anderson - Patriarch of the Paper Store". HuffPost.
  7. O'Connor, Clare. "Bangle Billionaire: How Alex And Ani Founder Carolyn Rafaelian Built An American Jewelry Empire". Forbes.
  8. Petrishen, Brad. "The Paper Store files for bankruptcy after COVID-19". telegram.com. Retrieved July 15, 2020.