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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 to close after 40 years, citing financial woes. ... Party City is reportedly closing all of its stores. Alex Portée. December 21, 2024 at 5:54 AM. A Party City in Pleasanton, California.
(WJET/WFXP) — Party City is reportedly considering a second bankruptcy filing in two years, and this time a sale may also be under consideration. According to the Bloomberg report, which cited ...
Party City's headquarters are in Woodcliff Lake, New Jersey. [3] Party City is the largest retailer of party goods in Canada, Puerto Rico, and Mexico. Party City operates over 850 [4] company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.
In 2019 a global shortage of helium sharply reduced supply for helium-filled balloons, due to the US rationing helium because of a reduction in supply by 30% stemming from a Saudi-boycott of producer country Qatar, impacting party stores such as Party City, one of the reasons the company cited in closing 45 of its 870 stores. [6] [7]
On February 28, 2019, it was announced that JCPenney would be closing as part of a plan to close 27 stores in the U.S.; the store closed on July 5, 2019. [39] On June 5, 2019, Gaithersburg City Councilmember Ryan Spiegel tweeted that Lord & Taylor was planning to close. The store closed on September 15, 2019, as scheduled.
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