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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. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures. Party City is reportedly closing all of its stores
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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. Party City's annual revenues in 1993 topped $2.4 million and net profits approached $235,000.
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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]
There are many annual events that generate the chance to dress up in fancy dress costumes: Christmas, New Year, birthdays, hen and stag parties, and World Book Day, amongst others. Halloween is the most popular costume or fancy dress event of the year in English-speaking countries. Halloween originated centuries ago, the Celts believed that on ...
Find a store near you. Buybuy Baby is shuttering all 115 locations, and having massive sales, due to bankruptcy proceedings. ... Buybuy Baby is closing all 115 locations, CNBC reports. The ...