Party City Announces Nationwide Closure of All Stores

Party City Announces Nationwide Closure of All Stores After Nearly 40 Years in Business

Party City, the iconic retailer specializing in party supplies, decorations, and costumes, has announced the closure of all its stores, marking the end of an era. The decision comes after facing years of mounting challenges, including:

• The pandemic’s impact on in-person celebrations.
• The rise of online shopping.
• Persistent supply chain issues and the global helium shortage.

In January 2023, Party City filed for Chapter 11 bankruptcy protection, hoping to restructure. However, the company has now decided to close over 30 additional stores across the U.S. as part of a larger shutdown.

Big Lots Joins the Wave of Closures
In related news, Big Lots has also announced its closure, with “going out of business” sales underway after a private equity rescue plan failed.

These closures highlight the growing pressure on traditional retailers to adapt to evolving consumer habits and economic challenges.