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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
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.
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]
Party America is a chain of stores that sell supplies for parties such as balloons, party favors, cards, seasonal items (e.g. fog machines for Halloween). [1]There are 144 total Party America stores (not counting Paper Warehouse, the party store chain Party America owns) and they are located in 46 states (counting Paper Warehouse stores).
Time for a new pair of Skechers? These blend style, comfort, and ease. With a breathable mesh design, slip-on convenience, and cushioned memory foam insoles, they'll keep you comfy all day long.
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