INDIANAPOLIS (WISH) — Party City is closing all of its stores nationwide after 40 years in business. This includes all locations in Indiana. According to CNN, CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment.

Party City announced that it will shutter all stores, a move which ends the nearly 40-year history of the company and comes almost two years after it declared bankruptcy. Corporate employees of the party supplies retailer learned Friday that they would lose their jobs immediately,

The nation's largest party supplier has been in business for nearly 40 years and has more than 850 locations nationwide.