Party City Closing All Locations 2024 Schrikkeljaar. Iconic party retailer party city announces it will be closing down all of its stores after 40 years in business. Party city says it's closing over 30 stores after filing for chapter 11 bankruptcy protection.

The company said it had roughly 700 stores and some 12,000 employees. Cnn reported that store managers have been told that all locations would be shut feb.