Paperchase to shut its online store forever THIS WEEK despite being rescued by Tesco

Paperchase has announced it will close its online store at the end of this week.

The stationery retailer said its website will cease trading in two days' time on Friday, February 17 at midnight.

The company fell into administration last month but the Paperchase brand and intellectual property was bought by Tesco.

However, this eleventh-hour deal purchase did not include its stores.

This put 106 Paperchase high street shops and around 820 jobs at risk.

In the email sent to customers this morning, Paperchase said its online store is offering at least 30% off "almost everything"

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Paperchase also thanked customers in its email for their support over the last few years.

The chain said: "We want to take a moment to thank you for your support and loyalty over the years.

"Whether you were browsing for the latest notebook or seeking inspiration for your latest project, we are so grateful to have been a part of your journey.

"Thank you for being a part of our special journey. With love, the Paperchase team."

After the announcement of its administration at the end of January, Paperchase said its stores would remain open and continue trading as normal for now.

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The retailer hasn't yet confirmed an exact date it will close the physical stores.

In stores, Paperchase is offering discounts of up to 50% on certain items.

It also said it was to continue to receive new stock weekly in its physical stores for the foreseeable.

But sadly, customers will no longer be able to use gift cards.

The last day to spend Paperchase vouchers was February 14.

Paperchase fans will be pleased to know the brand will not be disappearing altogether as its products will still feature at Tesco stores across the UK.

When it was announced, Tesco's managing director of home and clothing said: "Paperchase is a well-loved brand by so many, and we're proud to bring it to Tesco stores across the UK.

"We have been building out plans to bring more brands and inspiration to the ranges we currently offer, and this will help us to take those plans further. We look forward to sharing more with our customers in due course."

Paperchase was sadly another casualty of the declining British high street with several chains having ceased trading over the last few years.

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