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Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures. Party City is reportedly closing all of its stores
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 ...
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 ...
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 ...
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]
By 1990, Mandell also owned four Party City stores. At this point he incorporated the business as a franchising operation, with his stores forming the core of the chain. 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.
Signs outside Party City at 2010 S.W. Westport Drive in Topeka on Sept. 20, 2024 announce the store will be closing. Items were marked at discounted prices for the upcoming closure.
The Abby Z flagship store opened in SoHo, New York at 57 Greene Street in 2008 and closed in 2009 [46] when its parent company filed for bankruptcy. [47] Anchor Blue – youth-oriented mall chain, founded in 1972 as Miller's Outpost. The brand had 150 stores at its peak, predominantly on the West Coast.