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]
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.
PhilanthropyEdit
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]
^ abAlcorn, Stacey (5 March 2015). "Bob Anderson - Patriarch of the Paper Store". HuffPost.
^O'Connor, Clare. "Bangle Billionaire: How Alex And Ani Founder Carolyn Rafaelian Built An American Jewelry Empire". Forbes.
^Petrishen, Brad. "The Paper Store files for bankruptcy after COVID-19". telegram.com. Retrieved 2020-07-15.
August 29, 2023
paper, store, confused, with, paper, source, paper, store, american, retail, company, based, acton, massachusetts, that, owns, operates, approximately, specialty, gift, stores, across, northeast, florida, company, family, business, that, offers, trend, product. Not to be confused with Paper Source 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 amp accessories jewelry bath amp body products stationery baby amp 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 TPS Group Holdings LLCTypePrivateIndustryRetailFounded1964 1 FounderBob Anderson 2 HeadquartersActon Massachusetts United StatesNumber of locations80Key peopleTom Anderson CEO ProductsApparel greeting cards jewelry specialty giftsWebsitehttps www thepaperstore comHistory EditBob 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 EditAs 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 References Edit The Paper Store PublishersWeekly com The Paper Store PublishersWeekly com a b The Paper Store Retail Merchandiser The Paper Store Inc Private Company Information Bloomberg www bloomberg com August 2023 The Paper Store PublishersWeekly com a b Alcorn Stacey 5 March 2015 Bob Anderson Patriarch of the Paper Store HuffPost O Connor Clare Bangle Billionaire How Alex And Ani Founder Carolyn Rafaelian Built An American Jewelry Empire Forbes Petrishen Brad The Paper Store files for bankruptcy after COVID 19 telegram com Retrieved 2020 07 15 Retrieved from https en wikipedia org w index php title The Paper Store LLC amp oldid 1168370946, wikipedia, wiki, book, books, library,
