Stationery News

The stationery aisles are expected to be busier this year as parents and students return to in-store shopping when stocking up on back-to-school essentials, though their baskets may be a little less full.

The annual shopping ritual comes as rising costs for food and housing squeeze optional spending plans for many households.

A survey by the Retail Council of Canada found that about 73.6 per cent of back-to-school shoppers plan to spend more than $50 this year, down from about 77 per cent last year.

And while last year shoppers planned to spend the most on clothing, books and music and electronics, this year stationery is expected to be the top spending category, with 61 per cent saying that’s where they’ll direct the biggest chunk of their school shopping dollars.

Last year stationery didn’t even make it into the top 10 of categories in the survey, which polled more than 9,000 Canadian adults on Caddle Inc.’s mobile platform and online panel, which it says has a margin of error of one per cent or lower.

The results show that Canadians are being more cautious about spending, but still plan to buy what children need for school, said Michelle Wasylyshen, spokeswoman for the Retail Council.

In a recent development, following the success of their previous ventures "Cello" and "Flair," stationery manufacturer DOMS has taken a significant step forward. The company has filed a draft paper with the regulatory authorities to initiate the process of raising ₹1,200 crore through an Initial Public Offering (IPO).

Having already established themselves as prominent players in the stationery industry with their innovative and high-quality products, DOMS is now seeking to further expand its operations and market presence. The IPO is seen as a strategic move to capitalize on the company's reputation and track record, as well as to gather the necessary funds for their growth plans.

The IPO is expected to offer a certain portion of the company's shares to the public, allowing investors and individuals to become stakeholders in DOMS. The funds raised through the IPO will likely be allocated towards various business activities such as research and development, manufacturing capacity expansion, marketing and branding initiatives, and potential acquisitions.

Given the success of their previous ventures, DOMS has garnered attention and interest from potential investors. The filing of the draft paper marks the initial step in the IPO process, which will involve regulatory reviews and approvals before the company can officially launch the offering and list on the stock exchange.

As DOMS moves forward with its plans to raise ₹1,200 crore via IPO, industry experts and investors will undoubtedly be keeping a close eye on their progress, expecting the company to continue its trajectory of growth and success in the stationery market.

Embark on a Journey of Discovery at Paperworld Middle East 2023!

🌍 Dates: November 21 to 23, 2023 🏢 Venue: Dubai World Trade Centre

Prepare to set sail on an international expedition like no other, as we proudly present Paperworld Middle East 2023! From the 21st to the 23rd of November, immerse yourself in a captivating global adventure that will ignite your imagination and connect you with products from every corner of the world.

A World of Wonders Await You:

🗺 Global Showcase: Unveil the charm of products curated from over 100 countries, all converging under one expansive roof. Just like the pages of a meticulously crafted book, each booth represents a unique chapter in the world of paper, stationery, office supplies, and educational essentials.

✨ Craftsmanship and Creativity: Discover the artistry behind meticulously crafted stationery and the elegance of the finest paper. Immerse yourself in a realm where creativity knows no bounds, and innovation takes center stage.

🌐 Dubai's Dynamic Stage: Dubai, a global crossroads, sets the perfect stage for suppliers and manufacturers to present their premier paper and stationery creations. Just as a finely written manuscript unveils its exquisite details, let these products captivate your senses.

Why You Can't Miss It:

🔍 Unparalleled Networking: Forge connections with distributors, retailers, manufacturers, and fellow professionals from around the world. Exchange ideas, share insights, and foster collaborations that will shape the future of the industry.

🌱 Innovation Unleashed: Dive into a world of cutting-edge technologies, trends, and ideas that will shape the future of paper and stationery. From digital innovations to sustainable solutions, discover what's on the horizon.

🎓 Educational Insights: Gain invaluable insights through workshops, seminars, and presentations led by industry experts. Elevate your knowledge and stay ahead of the curve in a rapidly evolving market.

🛍 Retailer's Paradise: If you're a retailer, this is your paradise. Source the latest products, expand your offerings, and secure exclusive deals that will delight your customers and elevate your business.

🎉 Experience the Possibilities: Mark your calendar for November 21-23, 2023, and join us at the Dubai World Trade Centre. Immerse yourself in a world of innovation, potential, and endless possibilities that only Paperworld Middle East can unveil.

Your Journey Starts Here:

As the days unfold towards November, keep an eye out for more information, including registration details, exhibitor highlights, and event updates. This is your chance to embark on an adventure that will inspire, connect, and redefine your perception of the paper and stationery world.

A Fortunate Long Islander is Now $20,000 Richer Thanks to a Winning Take 5 Lottery Ticket Sold by a Commack Business

A stroke of luck has left one Long Island resident celebrating this week as they became the proud owner of a winning Take 5 lottery ticket. The ticket, purchased for the midday drawing on Thursday, August 17, has a remarkable value of $19,335, as confirmed by officials from the New York State Lottery. The fortunate ticket holder made their purchase at Commack South Stationery, conveniently located at 22 Vanderbilt Motor Parkway in Commack.

With the possibility of claiming the winnings available for up to one year, this unexpected windfall serves as a reminder that good fortune can strike when least expected.