For nearly 40 years, customers flocked to Party City for Halloween costumes, favours for children’s birthday parties and decorations for New Year’s Eve celebrations. Now, the go-to shop for everything from cartoon-themed balloons to Super Bowl decor is closing stores.
“The decision was made following exhaustive efforts by the company to find a path forward that would allow continued operations in an immensely challenging environment driven by inflationary pressures on costs and consumer spending, among other factors,” Party City said in a statement. The New Jersey-based retailer said it will keep more than 95% of its 12,000 employees to help with the process of shutting down.
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