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Nearly 900 locations were in operation when the sudden news broke that Party City was going out of business. On Dec. 21, Party City filed in the U.S. Bankruptcy Court for the Southern District of ...
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 ...
Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures.
On Friday, store staff received letters stating that all stores will officially close by Feb. 28, 2025. Until then, Party City’s roughly 700 locations will remain open for “going out of ...
The company announced that it would close all of its corporate-owned US stores by February 28, 2025, as part of a winding-down procedure. 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 January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232] In September 2023, Party City exited bankruptcy with a billion reduced in debt. [233]
Now, the go-to shop for everything from cartoon-themed balloons to Super Bowl decor is closing stores. Party City announced Saturday that it would start a “wind down” of its retail and ...
Party City is closing down all stores in the U.S. after nearly 40 years in the party-planning business. With roughly 6,400 full-time and 10,100 part-time workers employed, Party City is leaving ...