Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

CoronavirusLatest NewsRetailInsolvency

Paperchase to go into administration, citing lockdown woes

by Ashleigh Webber 5 Jan 2021
by Ashleigh Webber 5 Jan 2021 Alena Veasey / Shutterstock.com
Alena Veasey / Shutterstock.com

Stationery firm Paperchase is preparing to appoint administrators as its stores are forced to close in another lockdown that has put ‘unbearable strain’ on non-essential retailers. 

The company confirmed it had filed a notice to appoint PwC as administrator, which it hoped would give it breathing space from its creditors while a rescue plan is devised.

Retail administrations

What does going into administration really mean for employees?

12,000 jobs at risk as Debenhams set to close

Arcadia Group goes into administration

Bonmarché joins high street fashion casualties

The company traditionally makes around 40% of its sales during the festive shopping period in November and December, which last year was disrupted by England’s November lockdown and restrictions on non-essential retail in Tier 4 areas shortly before Christmas.

A spokesperson for Paperchase, which has 127 stores and employs 1,500 people, said: “The cumulative effects of lockdown one, lockdown two – at the start of the Christmas shopping period – and now the current restrictions have put unbearable strain on retail businesses across the country.

“Paperchase is not immune despite our strong online trading. Out of lockdown we’ve traded well, but as the country faces further restrictions for some months to come, we have to find a sustainable future for Paperchase.

“We are working hard to find that solution and this [notice of administration] is a necessary part of this work. This is not the situation we wanted to be in. Our team has been fantastic throughout this year and we cannot thank them enough for their support.”

The retail sector has faced significant disruption due to the pandemic, with Arcadia Group, Debenhams, Bon Marche and Peacocks and Jaeger owner Edinburgh Woollen Mill Group among the big names that appointed administrators last year.

According to the Centre for Retail Research, almost 180,000 redundancies were made in retail in 2020. Some 200,000 further job losses in the sector are predicted this year if further support is not introduced.

HR roles in retail and wholesale on Personnel Today


Browse more HR roles in retail and wholesale

Ashleigh Webber
Ashleigh Webber

Ashleigh is editor of OHW+ and HR and wellbeing editor at Personnel Today. Ashleigh's areas of interest include employee health and wellbeing, equality and inclusion and skills development. She has hosted many webinars for Personnel Today, on topics including employee retention, financial wellbeing and menopause support. Prior to joining Personnel Today in 2018, she covered the road transport sector for Commercial Motor and Motor Transport magazines, touching on some of the employment and wellbeing issues experienced by those in road haulage.

previous post
Chancellor unveils more financial support for lockdown-hit firms
next post
Theatre staff who learned of job losses on social media win pay-out

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

You may also like

Sharp increase in firms at risk of insolvency

31 Oct 2023

All Wilko stores to close as rescue deal...

11 Sep 2023

First Wilko redundancies confirmed after deal falls through

31 Aug 2023

Wilko redundancies ‘suspended’ amid rescue bids

29 Aug 2023

Jobs at risk as Wilko goes into administration

10 Aug 2023

Fate of Tuffnells jobs unclear after acquisition

27 Jun 2023

Ryanair and easyJet launch fast-track hiring for Flybe...

30 Jan 2023

Surge in insolvencies: 77% leap in court judgments

24 Jan 2023

Pub sector warns of job losses as energy...

30 Aug 2022

Corporate reporting and audit regime will reduce risk...

31 May 2022

  • How to spot and tackle imposter syndrome in the workplace PROMOTED | Half of all UK adults...Read more
  • BetterMe for Business: How to Build Wellness Culture at Work PROMOTED | Ever encountered a...Read more
  • Global growth with simple HR compliance (webinar) WEBINAR | In an increasingly global marketplace...Read more
  • Talent acquisition: How AI can complement a ‘back to basics’ approach PROMOTED | Artificial intelligence is now...Read more
  • What will it mean to be an HR professional in 2024? (webinar) WEBINAR | As we approach 2024...Read more
  • HR Budget Planning for 2024: Preparing your People Strategy PROMOTED | As organisations continue to adapt...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2023

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2023 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+