Party City is going out of business.
The party supply chain told employees on Friday that it was shutting down. According to its website, the company operates 850 locations nationwide.
According to CNN, CEO Barry Litwin told corporate employees Friday in a meeting that Party City is “winding down” operations immediately and that today will be their last day of employment.
Party City is closing. This store in Wichita Falls closed earlier this year.
Party City has been in financial trouble for years, first filing for bankruptcy in January 2023. That bankruptcy came with a restructuring that sparked store closures.
While the company exited bankruptcy in September 2023, CNN reported the company was not able to overcome it’s financial challenges.
The company faces competition from online stores, such as Amazon, and also seasonal pop-ups, such as Spirit Halloween, which pushed into the Christmas market as well this year.
More closings: Big Lots to have going out of business sales at remaining stores. Where they are in MD
Party City has 20 locations in Maryland. They are:
This article originally appeared on Telegram & Gazette: Party City closing all stores, including Hagerstown and Salisbury