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Editor's note: Some Party City locations have since announced plans to stay open. Read more here. New Jersey-based Party City is going out of business after the retailer filed for Chapter 11 ...
On Dec. 21, Party City filed in the U.S. Bankruptcy Court for the Southern District of Texas, after already emerging from a previous bankruptcy in 2023 with about $1 billion less in debt.
Party City History. Founded in 1986, the New Jersey-based retailer grew to become the largest party supply store in the United States. By 2021, the company employed approximately 6,400 full-time ...
Franchised locations not owned by Party City, as well as Canadian locations, will remain open, the latter of which is currently owned by Canadian Tire. [26] [27] [28] On December 24, 2024, it was reported that Mitch Modell, former CEO of Modell's Sporting Goods, was looking to buy Party City in an effort to save thousands of jobs. Modell ...
At its peak, the store had locations in both New York City and Los Angeles. In addition, the firm invented the big box concept where all non-clothing lines were leased by other retailers. [citation needed] Rogers Peet – New York City based men's clothing retailer established in late 1874. Among the chain's innovations: Rogers Peet showed ...
Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture.
Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures.
Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt. It also named a new CEO ...