Party City to close 22 stores after filing for bankruptcy

In a bankruptcy filing, retailer Party City announced plans to shutter 22 stores across 12 states.

>> Read more trending news

In documents filed Feb. 16 in bankruptcy court, Party City detailed its plans to close 10 stores and sell 12 others at auction. The documents did not offer any targeted date for the stores to close.

Party City had previously closed 28 stores in 13 states before filing for Chapter 11 bankruptcy protection in January, Business Insider reported. The company currently has 823 retail locations, 770 of which are owned by the company.

The documents list four stores in New York and three in Michigan among the closures. The stores which will go up for auction are spread across nine states, with two in Georgia and one each in New York and Michigan.

Party City Store Closing List by National Content Desk on Scribd

When it filed for bankruptcy, Party City blamed the COVID-19 pandemic for slowing sales due to lockdowns and store closures, as well as inventory shortages and difficulty obtaining helium, Reuters reported.

Party City’s subsidiaries outside of the United States are unaffected by the bankruptcy proceedings, according to Reuters.

Comments on this article
On AirEasy 93.1 - Favorites from the 80s, 90s and MORE! Logo

mobile apps

Everything you love about and more! Tap on any of the buttons below to download our app.

amazon alexa

Enable our Skill today to listen live at home on your Alexa Devices!