One of my absolute favorite paper/card/gift stores in the city Is Kate's Paperie. However, I recently discovered that Kate's Paperie has shut down all of it's NYC locations and re-opened a small flagship store in SoHo. It turns out that Kate's has run into some financial trouble according to this article by Crain's New York. Apparently sales have dropped as much as 50 percent since 2007 due to online competition by websites such as Etsy. This makes me really sad, especially since my dream is to have my own stationery store. I guess it's impossible to compete with cheaper vendors who don't have high rent costs. And I while I still think stationery is valid in this world of email and text, I'm not sure if most people appreciate the $5 letterpress card. What do you think? Are stationery stores a dying breed? Do you frequent them often or do you buy all of your stationery online? Is price a factor or do you make your decisions based on quality of design? I'd love to hear your thoughts.