Archiver’s announced on September 27th that they are closing five additional store locations, including their flagship Mall of America store, as part of their ongoing financial difficulties that lead to the bankruptcy that was filed in April.
In addition to the Mall of America store, Archiver’s is closing their Coon Rapids (MN), Gurnee (IL), Nashville (TN), and North Olmsted (OH) stores. The Mall of America store will close “mid-October” according to Archiver’s, and the other locations will close on October 20th.
This round of closures will bring Archiver’s down to only 33 store locations, a significant reduction after they started 2013 with 44 store locations. In February, the company’s Memphis store closed, leaving the area without a scrapbook retailer. This was followed in early April by Algonquin, Fort Wayne, and South Austin closing. Two Chicago area locations were then closed in June. And now, the five additional stores are closing in October – for a total of 11 shuttered stores in 2013, 25% of their locations lost this year. [Read more...]