The Stationery Store, a fixture on the corner of Reid Street and Burnaby Hill since 1972, has moved around the corner.

The shop, owned by Bermuda Press (Holdings) Ltd, is now located on Burnaby Hill, between Reid and Front Streets, next to the Hog Penny. It will share the lower level space with Bermuda Press Digital.

Jonathan Howes, chief executive officer of BPHL, said: “Unfortunately, the Stationery Store, like many retailers on the island, has struggled to remain viable in the current economic climate.

“Changes in customer behaviour as technology changes the way we work and the way we buy things, combined with the decline in demand due to contraction in the local economy are affecting most retail businesses in Bermuda.”

Mr Howes added: “In an effort to reduce costs and ensure the viability of the store we have relocated into the lower level of the Roger Davidson Building. The relocation has allowed us to combine the operations of Bermuda Press Digital and the Stationery Store into one space.

“The combined operation allows us to better engage with our customers. We are now able to provide creative solutions through a full range of printing services, stationery and art supplies all in one location.

“We look forward to introducing new products and services in the coming months as we settle into our new home alongside our sister company.”

Bermuda Press (Holdings) Ltd is the parent company of The Royal Gazette