Major high street chain launches 70% closing down sale as 106 stores start shutting for good | The Sun
A MAJOR high street retailer has launched a huge up to 70% off sale ahead of store closures.
Customers are being urged to clear stock before branches start shutting for good.
Paperchase is offering up to 70% off stock ahead of all 106 stores shutting forever.
The Sun has spotted 70% reductions in store, but Paperchase administrator Begbies Traynor is still to confirm whether it's offered in all remaining stores.
The collapsed chain's closing down sale initially started with 20% off before being hiked to 50%.
The final 70% reduction comes after the stationer's website already stopped trading.
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That means you'll need to visit your nearest branch in order to bag a bargain – you can still find that using its store locator online.
The sale counts for all products left in stock but you'll need to be quick – once something's gone, it's gone.
Supermarket giant Tesco stepped up to buy the rights to the brand after it collapsed in February, but not its shops.
It means the 106 remaining UK branches will result in 900 redundancies, with some already beginning to close.
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The Sun found that stores in major cities including London, Birmingham, Manchester and Leeds have now shut for good.
Furthermore, all concession stands in Next and Selfridges stores have closed.
The Sun has contacted administrator Begbies Traynor for more about when other branches will close and we'll update this story when we hear back.
However the exact closure date for each branch will vary and depends on how much stock is left to sell, it's said previously.
The stores below are currently still open as we understand it:
- Birmingham Grand Central
- Birmingham New St
- Bury St Edmunds
- Byres Road
- Cardiff St Davids
- Cheshire Oaks
- Cribbs Causeway
- Finchley Road
- Glasgow Buchanan
- Henley on Thames
- Kings Cross Station
- Leamington Spa
- Leeds Commercial Street
- London Bridge
- Marble Arch
- Merry Hill
- Metro Centre
- Northcote Road
- Rushdean Lakes
- St Albans
- St Pancras Circle
- Street Outlet
- Tunbridge Wells
- Victoria Station
- Walton on Thames
- Waterloo Station
The company opened its first store in 1968 in Kensington, London.
It comes as nearly 15,000 jobs have been axed since the start of the year as dozens of retailers collapsed or were restructured.
Elsewhere, B&M is also hosting a few closing down sales as it prepares to shut numerous branches.
There's a massive 75% off closing down sale at four of its branches. These include:
- Maesglas Retail Park
- Kilmarnock, Queens Drive
- Broadwalk Shopping Centre, Bristol
- Newport, Wales
Shoppers have spotted huge discounts including some items for as little as 10p.
There are also unmissable bargains available at the remaining M&Co branches.
It comes after the high street fashion chain plunged into administration last year for the second time since 2020.
For example, one shopper got a £140 dress for just £10 at their local sale.
Some online items are being sold for up to 50% off, while in store items can be bought for up to 60% off, but deals will depend on the stock available at your closest branch.
You can find your nearest M&Co using the store locator tool on its website.
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Major high street chain launches 70% closing down sale before 106 stores shut
And keep in mind M&Co won't be processing refunds anymore, so don't buy something for the sake of it.
You also won't be able to use vouchers, but you can still exchange goods.
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