Party City, founded in 1986, is one of several retailers in trouble. The bankrupt retailer Big Lots said earlier this week that it will not complete its asset sale to Nexus Capital Management.

Party City announced it would start a “wind down” of its retail and wholesale operations as it prepares to shutter nearly 700 stores.

Party City, founded in 1986, is one of several retailers in trouble. The bankrupt retailer Big Lots said earlier this week that it will not complete its asset sale to Nexus Capital Management.

Party City made the announcement on Dec. 20 in a meeting with corporate staff, informing them that Friday is their final day of employment. Skip to Article. Set weather. Back To Main Menu Close.

Party City filed for Chapter 11 bankruptcy protection in January 2023, with $150 million in debtor-in-possession financing to support its operations and reported $1 billion to $10 billion of ...

Party City is winding down its era with a “Everything Must Go” sale that will continue until all inventory is cleared out. Skip to Article. Set weather. Back To Main Menu Close.

Party City will be selling all of its United States store location leases ahead of its nationwide closure. AP. Of the retail company’s 850 outlets, a staggering 695 are in the US.

Party City announced in a Dec. 21 news release that the company filed for bankruptcy. The release reported the company plans to go out of business at about 700 stores nationwide.

Party City, a longtime retailer and go-to source for many of party supplies, is closing all its stores and going out of business, according to a report from CNN. Company CEO Barry Litwin told ...