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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 ...
The party might not be over for everyone at Party City, as some franchisee locations across the U.S. are expected to remain open. Nearly 900 locations were in operation when the sudden news broke ...
Party City exited bankruptcy on Wednesday after a US judge signed off on the retailer’s reorganization plans. While some of Party City’s about 800 US stores will close due to the bankruptcy ...
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [234] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [235] 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. [236]
For nearly 40 years, customers flocked to Party City for Halloween costumes, favors for children's birthday parties and decorations for New Year's Eve celebrations. Now, the go-to shop for ...
Party City did not respond to a request for comment when reached by CBS News New York Friday. 2024 has been a rough year for U.S. retailers. There were more than 7,100 store closures through the ...
Party City Holdco Inc. previously declared bankruptcy in January 2023 after struggling to pay off its nearly $1.7 billion debt. It was eventually able to slash nearly $1 billion and closed more ...
Party City, once among the top names in party-supply retailers, ... Party City, founded in 1986, has over 700 locations in North America as of August 2024, according to Party City Holdings. The ...