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Nearly 900 locations were in operation when the sudden news broke that Party City was going out of business. On Dec. 21, Party City filed in the U.S. Bankruptcy Court for the Southern District of ...
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 ...
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 ...
Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures.
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]
Facade of a Party City store in The Woodlands, Texas. Party City was founded by Steve Mandell in 1986. Mandell recognized that the market for party goods was highly fragmented with a lot of small mom-and-pop operations and noticed that a large number of retailers carried limited supplies. Additionally, he saw that many big players were trying ...
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 ...
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 ...