Party City is going out of business.
The party supply chain, which had 10 locations in Alabama including two in Huntsville, told employees on Friday that it was shutting down.
According to CNN, CEO Barry Litwin told corporate employees Friday in a meeting that Party City is “winding down” operations immediately and that Friday would 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 its financial challenges.
The company faces competitions 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.
The company says it has 850 outlets across the U.S. and is the largest party retailer in North America.
“We’ve been in the business for more than thirty years, growing from a single location to a national chain with stores in most states. Our superstores are one-stop shops for party supplies from A to Z, many of them exclusive to Party City,” the company said online.
Party City had the following locations in Alabama:
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Crestwood Mall, 1608 Montclair Road, Birmingham
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Hoover Mall Shopping Center, 1615 Montgomery Highway Suite 102, Birmingham
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Brook Highland Shopping Center, 5287 Highway 280, Birmingham
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Valley Bend, 2750 Carl T Jones Drive SE Suite 1100, Huntsville
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Westside Centre, 6275 University Drive NW Suite 31, Huntsville
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Azalea Center, 300 East Azalea Road Suite E, Mobile
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Twin Oaks Village Shopping Center, 2759 Eastern Boulevard, Montgomery
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Tiger Town, 2534 Enterprise Drive, Opelika
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Eastern Shore Plaza, 10200 Eastern Shore Boulevard, Spanish Fort
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Midtown Village, 1800 McFarland Blvd E, Tuscaloosa
This article originally appeared on The Gadsden Times: Party City closing all Alabama stores, going out of business: report