PaperMarket, a local brand selling lifestyle and craft products in Singapore, is set to close its last brick-and-mortar store after two decades in operation.
“We’ve done everything we could to keep going, including months of difficult conversations behind the scenes,” the business said in a recent social media post. “But with rising costs, it is no longer sustainable for us to continue as a small, home-grown brand.”
PaperMarket added in the comments that the store will remain open until May 31, 2026, and that its online business will continue to operate.
PaperMarket store in Singapore. Photo from Google Maps |
Founded in 2005 by entrepreneur Elaine Ong, the retailer offers craft supplies such as stickers, stationery, DIY kits and scrapbooking materials. It also stocks items from lifestyle labels including Lynk Artisan, Muzik Tiger and Baggu, according to The Straits Times.
It previously had outlets at Raffles City and Plaza Singapura malls, AsiaOne reported.
The retailer has begun a clearance sale with discounts of up to 70% and has also put its store fixtures and furniture up for sale.
The closure announcement prompted an outpouring of reactions online, with many social media users expressing sadness over the news and recalling their experiences with the brand.
“Sad to see spaces like PaperMarket go… they’ve inspired so many people to create and gift with meaning,” one Instagram comment said.
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