After two decades of operation, PaperMarket, a Singaporean lifestyle and craft brand, has announced plans to shutter its final physical location. Amid challenging business conditions, the local retailer has decided to refocus its efforts on its digital storefront.
In a recent statement, PaperMarket shared the tough decision to close its last brick-and-mortar outlet. “We’ve done everything possible to keep running,” the statement reads, “but due to escalating costs, it’s no longer feasible for us to carry on as a modest, locally established brand.”
Despite the closure of their physical store, PaperMarket assured its customers that online operations will continue. They further clarified that the physical store would remain open till May 31, 2026.
Established in 2005 by entrepreneur Elaine Ong, PaperMarket is renowned for its craft supplies including stickers, stationery, DIY kits, and scrapbooking materials. It also offers a diverse range of lifestyle products from labels such as Lynk Artisan, Muzik Tiger, and Baggu. Before the impending closure, PaperMarket had outlets in popular locations such as Raffles City and Plaza Singapura malls.
To mark the closure, PaperMarket has launched a clearance sale with discounts reaching up to 70%, and it is also selling its store fixtures and furniture.
The announcement of the store closure elicited a surge of emotional responses online. Many social media users expressed their sorrow at the news, reminiscing about their experiences with the brand. One Instagram user commented, “Sad to see spaces like PaperMarket go… they’ve inspired so many people to create and gift with meaning.”
Why is PaperMarket closing its final physical store?
PaperMarket has cited financial reasons for its closure, stating that rising costs make it unsustainable for the small, locally established brand to continue its brick-and-mortar operations.
When is the final day of operation for PaperMarket’s physical store?
The physical store of PaperMarket is scheduled to close on May 31, 2026.
What is the future of PaperMarket post the physical store closure?
After the closure of its physical store, PaperMarket plans to continue its operations online, focusing on its digital storefront.
