The Paper Store, Now Bankrupt, Looks to Line Up Speedy Sale

The Paper Store LLC, an 86-store specialty gift chain, is the latest retailer seeking a sale in bankruptcy amid the Covid-19 pandemic.

The company, which has stores in seven states across the Northeast of the U.S., filed for Chapter 11 bankruptcy Tuesday after the pandemic hurt sales, according to court papers. Now the retailer needs to find a buyer before the end of August so it can stock up on merchandise prior to the key holiday season.

The Paper Store counts itself among a growing list of retailers pushed into bankruptcy as the pandemic continues to suppress economic ...