Party City is closing its stores and going out of business, report says

Category: Business

Party City is closing all its stores and going out of business after more than 30 years of operation. CEO Barry Litwin announced the winddown process, stating that despite efforts to avoid this outcome, it was necessary. The retailer, known for party supplies and Halloween costumes, had over 850 locations and filed for Chapter 11 bankruptcy in January 2023. Recent reports indicate the company is facing continued financial challenges, leading to the decision to close.

Keywords: Party City, bankruptcy, retail closure

Source: NBC New York

Update At: 12/21/2024

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