Paper Source Files for Bankruptcy, Plans to Keep Most Stores Open During Proceedings
Retail TouchPoints
MARCH 3, 2021
million in financing. Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. million reported in 2019. In 2020, Paper Source had gross sales of approximately $104 million , a 32% decline from the $153.2
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