Party City Closes Over 800 Stores Immediately, Affecting 16,300 Employees

Dec 20, 2024, 06:18 PM

Party City, which operates over 800 stores nationwide, is closing all of its locations and winding down operations immediately. CEO Barry Litwin announced on Friday that today would be the last day of employment for corporate staff. The decision impacts over 16,300 employees nationwide. Despite exiting bankruptcy in September, the retailer still faces $800 million in debt.