PAPERCHASE shoppers have just days left to spend their vouchers before they expire.
The stationery retailer collapsed early this month into administration after it failed to find a buyer.
Paperchase stores have launched closing down sales
Supermarket giant Tesco quickly stepped up to buy rights to the brand as they plan to sell Paperchase items in stores.
However, Paperchase’s 106 high street stores launched closing down sales, though it hasn’t been confirmed that they’ll definitely close for good.
But shoppers who still have Paperchase vouchers must spend them now before they become invalid.
The vouchers can be used up until Tuesday February 14 – after that they’ll expire.
So use yours as soon as possible so you don’t miss out.
In addition, any rewards on the Paperchase loyalty card must also be spent by February 14.
Vouchers and gift cards can no longer be bought online or in-store.
You can check the balance of vouchers and loyalty cards online and in-store.
Last week, shoppers were rushing to buy bargains from Paperchase as the retailer looks set to “disappear from the high street”.
Paperchase fans took to social media after spotting discounted items on sale in store.
One Twitter user said: “Paperchase has gone into administration and it looks like they’ve got a sale on in store.
“I know where I’m going after work.”
The retailer is also running a sale online with almost 20% off everything online.
HOAR previously revealed that administrators were planning to liquidate the business, closing all of the 106 stores and putting 1,000 jobs at risk.
When a business is liquidated, they will look to sell stock for as much as possible to pay back creditors.
Stores may disappear off the high street within weeks but the process could take up to two months.
You can see the full list of Paperchase stores here.
The company opened its first store in 1968 in Kensington, London.
In 2010, it launched its website and its first standalone store in Ireland in Dundrum, Dublin, in 2020.
From the Scottish clothing brand M&Co to wellies store Joules, a number of familiar brands went bust in 2022.
Here, HOAR has put together a full list of retailers that closed last year.
Major burger chain Byron Burger also recently fell into administration and is set to close nine restaurants immediately.
Further popular chains including Las Iguanas, Cafe Rouge and Bella Italia also fell victim to the pandemic.
In December 2022, pub chain Wetherspoons announced it would be closing a total of 39 pubs after being hit by soaring inflation.
Gift cards – your rights explained
When a company goes into administration, the people appointed to manage the process can decide whether to allow the use of gift cards or not.
It means you’ll need to keep an eye on the administration process to see what your rights are.
The administrators are allowed to stop accepting gift cards at any point – and in this case it’ll be next week ( February 14).
If the administrators later decide that you can’t use your vouchers, you should register a claim with the administrators for the value of the vouchers.
This also applies if the company can’t be saved through administration and is later liquidated.
However, you may not get this money back if other creditors are owed money too. You may also only get a portion of the money back.
If the voucher or amount put on a gift card was for more than £100, then it may be possible to claim the money back if it was purchased with a credit card.
This is because the card company is jointly liable under Section 75 of the Consumer Credit Act 1974.
If the voucher was a gift, then you’d need to ask the person who bought it for you to claim the money back.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]
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