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	<title>Chain Archives - VRJ Properties</title>
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	<title>Chain Archives - VRJ Properties</title>
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		<title>Stationery Chain Papyrus Will Shutter Its Stores</title>
		<link>https://vrjproperties.com/stationery-chain-papyrus-will-shutter-its-stores/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Thu, 23 Jan 2020 00:04:00 +0000</pubDate>
				<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Chain]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Papyrus]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Shutter]]></category>
		<category><![CDATA[Stationery]]></category>
		<category><![CDATA[Stores]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/stationery-chain-papyrus-will-shutter-its-stores/</guid>

					<description><![CDATA[<p>Greeting card and stationery chain Papyrus is closing all of its North American stores, with most of the closings due to take place over the next four to six weeks, USA Today reported. The chain’s parent company, Goodlettsville, TN-based Schurman Retail Group,...</p>
<p>The post <a href="https://vrjproperties.com/stationery-chain-papyrus-will-shutter-its-stores/">Stationery Chain Papyrus Will Shutter Its Stores</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p>Greeting card and stationery chain Papyrus is closing all of its North American stores, with most of the closings due to take place over the next four to six weeks, USA Today reported.</p>
<p>The chain’s parent company, Goodlettsville, TN-based Schurman Retail Group, reportedly has hired Gordon Brothers to assist in the store liquidations.</p>
<p>“Despite our Herculean efforts to realign our Papyrus and American Greetings stores to fit today’s shopping environment, Schurman Retail Group had to make the difficult decision to close all 254 of our stores in North America,” Dominique Schurman said in a statement.</p>
<p>Although the company had not yet made a formal announcement, USA Today reported that the Papyrus website advertised 20% off full-priced items, and indicated that all sales were final.</p>
<p>For comments, questions or concerns, please contact Paul Bubny</p>
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		<title>Hamburger Chain Krystal Co. Files for Bankruptcy</title>
		<link>https://vrjproperties.com/hamburger-chain-krystal-co-files-for-bankruptcy/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Tue, 21 Jan 2020 08:20:00 +0000</pubDate>
				<category><![CDATA[Retail]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Chain]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Files]]></category>
		<category><![CDATA[Hamburger]]></category>
		<category><![CDATA[Krystal]]></category>
		<category><![CDATA[real estate]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/hamburger-chain-krystal-co-files-for-bankruptcy/</guid>

					<description><![CDATA[<p>Atlanta-based hamburger chain Krystal has filed for Chapter 11 Bankruptcy. The company reported assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The fast-food chain operates 182 restaurants across nine states, Georgia, Tennessee, Alabama,...</p>
<p>The post <a href="https://vrjproperties.com/hamburger-chain-krystal-co-files-for-bankruptcy/">Hamburger Chain Krystal Co. Files for Bankruptcy</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p>Atlanta-based hamburger chain Krystal has filed for Chapter 11 Bankruptcy. The company reported assets between $10 million and $50 million, and liabilities between $50 million and $100 million.</p>
<p>The fast-food chain operates 182 restaurants across nine states, Georgia, Tennessee, Alabama, Florida, Kentucky, Mississippi, North Carolina, South Carolina and Arkansas. In addition, franchisees currently own and operate 116 Krystal restaurants.</p>
<p>In its filing, the company cited a number of contributing factors to its bankruptcy that included increasing competition, shifting customer tastes and the rise of online delivery platforms. Also cited was the tight labor market, which has made it hard for the chain to find employees.</p>
<p>The company, which is now headquartered in the Atlanta suburb of Dunwoody, was founded in Chattanooga in 1932, and is the oldest quick-service restaurant in the South and the second oldest in the United States. K-Square Restaurant Partners LP acquired The Krystal Co. in 2012.</p>
<p>For comments, questions or concerns, please contact David Cohen</p>
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<p>The post <a href="https://vrjproperties.com/hamburger-chain-krystal-co-files-for-bankruptcy/">Hamburger Chain Krystal Co. Files for Bankruptcy</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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