Could Party City Be Returning?

Party City is going out of business and closing all of its stores…or maybe not? Here’s what you need to know! 

Party City is toying with our emotions after a cryptic message was just released on Facebook 🙃 The message implies customers are to “stay tuned” and “spread the word” – but ON WHAT?!

Very little detail is given on this potential “bigger, better, and more exciting Party City“, but we’re keeping our hopes up after the shocking news that all 850 stores would be closing as of December 2024.

If you still have a location open near you, now’s the time to grab discounted party supplies, otherwise, keep checking back as we keep you updated on the latest Party City closures… or re-openings. 🤔

What led to the Party City closures?

The company filed for Chapter 11 bankruptcy protection in September 2023, claiming to have over a billion dollars in debt. The company had hoped this move would be enough to save the company and though it did eliminate some debt, the company was ultimately unable to overcome hardships.

A few factors led to the closures, including competition from e-commerce, rising prices, and changes in consumer purchasing behavior. Party City is just the latest retailer to succumb to these economic challenges.

It’s been disheartening to see so many retailers shuttering their doors and our hearts go out to all the employees affected by the changes. 🫶🏼

It’s good news for Big Lots – the first stores re-open in April!