All Paperchase articles
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Prospect AnalysisPaperchase (SWOT)
The format is able to trade through a wide range of outlets including large flagship stores, smaller mainstream stores, travel kiosks/airport stores and concessions. Paperchase does not use a cookie-cutter approach to store design and each shop is adapted to its local market.
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Prospect Analysis
Paperchase (Strategy)
Plagued by dwindling footfall and other pressures, Paperchase won creditor approval for a Company Voluntary Agreement (CVA) in 2019, which included the slashing of rents and closure of several stores. As part of the CVA process, the retailer also arranged additional funding to support its turnaround strategy.
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Prospect Analysis
Paperchase (People)
Paperchase is apparently rudderless going into 2021 after former boss Duncan Gibson stepped down from the troubled retail business towards the end of 2020.
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Prospect Analysis
Stores at Paperchase
The Paperchase UK store network is set to be reduced to 90 to 100 stores in 2021 following a stint in pre-pack administration at the beginning of the year.
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Prospect Analysis
Technology strategy at Paperchase
While not being the most digitally advanced of retailers, Paperchase is using technology to drive its growth ambitions and improve customer service. Its ambition is to evolve into a “multichannel, multinational brand”.
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Prospect Analysis
Paperchase (Overview)
Paperchase, a design-led greetings card and gift retailer, is focused on customer service and enhancing its multichannel proposition, but the going has been tough of late.
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Prospect Analysis
Paperchase (Financials)
Sales fell and losses widened in the year to 2 February 2019 (2018 financial year) on the back of increased occupancy and staffing costs, as well as flagging footfall to Paperchase’s store estate.
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Prospect Analysis
Ecommerce at Paperchase
Paperchase launched its first transactional website in 2010 as part of a major strategic initiative to increase sales in the UK and abroad. Given its relatively late entry, online sales are still growing and only account for an estimated 10% or so of sales.
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Prospect Analysis
Customer and marketing at Paperchase
Paperchase is a premium stationery retailer that targets affluent customers across a wide demographic – though its customer base is predominantly female.
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Prospect Analysis
Supply chain at Paperchase
Paperchase put down the foundations for future growth both in the UK and abroad when it relocated its distribution centre to a purpose-built facility in Thrapston, Northampton a decade or so ago. The site serves the entire UK store network and is scalable to allow for future expansion.
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Prospect Analysis
Paperchase (Outlook)
Paperchase has been firmly focused on driving sustainable profit growth by addressing factors such as costs and operational inefficiencies, improving product appeal and building on its sales channels.
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News
Paperchase rescued in pre-pack administration deal
Paperchase is set to be rescued in a pre-pack deal led by a lender connected to private equity firm Permira.
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Opinion
‘Act now and act decisively, chancellor – our high streets depend on it’
“The end is in sight,” Rishi Sunak declared this morning as he set out a new package of measures to support businesses through the latest painful phase of the coronavirus crisis – a third national lockdown.
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News
Paperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.
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News
Smiggle warns owners could pull plug on UK backing
Smiggle has warned that its Australian parent company Just Group could pull the plug on funding for its UK business if economic conditions deteriorate.
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Opinion
Opinion: How retailers and landlords can restore faith in CVAs
With Arcadia Group becoming the latest high street retailer to pursue a CVA to close stores and slash rents, retail landlords are increasingly reaching the end of their tether. British Property Federation boss Melanie Leech outlines how the gulf between retailers and landlords can be closed
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News
Paperchase given the green light for a CVA
Paperchase is set to close at least five stores after winning credit approval for its proposed CVA this afternoon.
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News
Paperchase launches CVA in bid to slash rents
Paperchase has launched a company voluntary agreement (CVA) proposal after bringing in advisers from KPMG in January.
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News
Paperchase sale discussed at crunch meeting
Stationery and gift card retailer Paperchase was reportedly offered to potential buyers at a meeting with key creditors yesterday.
