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Party City to close its stores as company files for bankruptcy

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Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide.

A fire was reported at a Northwest Side apartment complex just after 11 a.m. in the 3400 block of Fredericksburg Road.Man, 70, stuck in hit-and-run on West Side, SAPD saysFamily of slain woman uses AI to seek justiceGet ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.FILE - This is the sign on the front of a Party City store in Orchard Park, NY., on Dec. 22, 2024.

Party City filed for Chapter 11 bankruptcy protection in January 2023. That move allowed for a restructuring that eliminated nearly $1 billion in debt. But “macroeconomic headwinds more recently proved too severe” to overcome, the company said.

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Party is over for 'Party City' which is reportedly going out of businessThe party is over at Party City, according to CNN, which reported on Friday that the party supplies retailer plans to shutter its more than 700 stores nationwide at the end of February. More than a dozen of the company's stores are located in the Bay Area.
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