SHOPPERS are rushing to buy bargains from Paperchase as the retailer looks set to "disappear from the high street".

The stationery retailer collapsed into administration this week after it failed to find a buyer.

Supermarket giant Tesco quickly stepped up to buy rights to the brand, as they plan to sell Paperchase items in stores.

Paperchase fans have taken 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."

READ MORE IN MONEY

High street shop ‘could be rescued by Tesco’ today – but stores are at risk

Full list of Paperchase stores at risk of closing

While another added: "I popped in earlier to have a look around. They had so many cute notebooks and pens."

And a third tweeted: "I had to rush to get my train so didn’t get a chance today, hopefully there’s still good stuff tomorrow!!"

The retailer is also running a sale online with almost 20% off everything online.

The Sun previously revealed that administrators were planning to liquidate the business, closing all of the 106 stores and putting 1,000 jobs at risk.

Most read in Money

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.

Shoppers with gift cards are being urged to redeem them as soon as possible as they won't be accepted after two weeks.

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, The Sun 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.

You can see the full list of Paperchase stores below:

• Altrincham
• Arnotts
• Basingstoke
• Bath
• Battersea
• Belfast
• Berkhamsted
• Beverley
• Birmingham Grand Central
• Birmingham New St
• Birmingham Selfridges
• Bishopsgate
• Bishops Stortford
• Bluewater
• Bracknell
• Braehead
• Brighton 
• Bristol 
• Bromley 
• Bury 
• Bury St Edmunds
• Byres Road
• Cambridge 
• Canterbury 
• Cardiff St Davids
• Cheapside
• Chelmsford 
• Cheshire Oaks
• Chester
• Chichester 
• Chiswick 
• Colchester
• Cribbs Causeway
• Derby 
• Dundee
• Dundrum 
• Durham 
• Edinburgh 
• Edinburgh Morningside
• Exeter
• Finchley Road
• Forestside
• Glasgow Buchanan
• Guernsey
• Guildford
• Harrogate
• Henley on Thames
• Hereford
• Hitchin
• Islington
• Jersey
• Kings Cross Station 
• Kingston 
• Lakeside
• Leamington Spa
• Leeds Commercial Street
• Leicester 
• Lewes
• Lincoln 
• London Bridge
• Maidstone 
• Manchester
• Marble Arch
• Meadowhall 
• Merry Hill 
• Metro Centre
• Newbury 
• Newcastle
• Next Aintree
• Next Birmingham Junction 9 
• Next Bolton 
• Next Bournemouth 
• Next Camberley 
• Next Crawley 
• Next Enfield 
• Next Gloucester 
• Next Handforth Dean 
• Next Hanley 
• Next Ipswich 
• Next Kirkcaldy 
• Next London Colney 
• Next Luton 
• Next Maidstone 
• Next Manchester Arndale
• Next Norwich 
• Next Oxford Street
• Next Plymouth
• Next Selly Oak
• Next Shoreham 
• Next Solihull 
• Next Straiton 
• Next Wolverhamptom 
• Next York 
• Northcote Road
• Nottingham 
• Oxford
• Perth
• Peterborough 
• Plymouth 
• Putney 
• Ringwood
• Rushdean Lakes
• Sailsbury 
• Sevenoaks 
• Sheffield 
• Silverburn 
• Solihull 
• Southampton 
• Staines
• St Albans 
• St Andrews 
• St Pancras Circle
• St Pancras Station 
• Street Outlet
• Swindon 
• Taunton 
• Telford
• Trafford Centre Selfridges
• Tunbridge Wells
• Victoria Station 
• Walton on Thames
• Wandsworth
• Wattington 
• Waterloo Station 
• Watford
• Whiteley Village
• White Rose Leeds
• Wimbledon 
• Winchester
• Windsor
• Woking
• Worcester
• York
• York Outlet

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.

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.

Read More on The Sun

New C4 show will take on Big Brother by plunging Brits into Australian outback

You could be slapped with £300 fine for giving your mates a lift – here’s how

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]

Source: Read Full Article