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By the end of 1990, Party City outlets numbered 11; five more franchised stores were added in 1991, 16 in 1992, and another 26 in 1993, bringing the total to 58. Party City was now a nationwide chain with store locations ranging from Hawaii to Puerto Rico. The company's annual revenues in 1993 topped $2.4 million and net profits approached ...
Party City, once among the top names in party-supply retailers, is going out of business, according to an announcement from CEO Barry Litwin that was viewed by CNN.
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's website similarly shows going-out-of-business discounts of up to 50% on the shop's entire assortment goods. Show comments. Advertisement. Advertisement. In Other News.
Interior of a party store. Specialist stores selling supplies for parties began developing in the late 1970s in the United States and rapidly expanded into the 1990s. [1] They can offer a wide variety of products, and will often stock seasonal items for holidays—such as Christmas or New Year. [2] Commonly stocked merchandise may include: [3] [4]
Party America is a chain of stores that sell supplies for parties such as balloons, party favors, cards, seasonal items (e.g. fog machines for Halloween). [1]There are 144 total Party America stores (not counting Paper Warehouse, the party store chain Party America owns) and they are located in 46 states (counting Paper Warehouse stores).