Party City Closing All Stores 2024. Party city closing all stores after nearly 40 years in business. Even after closing more than 80 locations by august, the company was still straddled with more than $800 million in debt.

Party city, which operated about 750 stores, had filed for chapter 11 bankruptcy in january 2023 and emerged from the process in october 2023 with $1 billion less in debt. Party city is going out of business, closing all stores dec.