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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
Massive Layoffs. 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 ...
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 Holdco Inc. [2] ... In May 2019, the chain announced that it would close 45 locations "to help optimize our market-level performance, focus on the most ...
Party City had 18 confirmed closings, with one more planned closing in 2024, according to Coresight Research. That comes after 65 confirmed closures in 2023, the research firm says.
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]
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 ...
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]
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