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Party City did not immediately respond to NPR's request for comment. It comes after the one-stop party shop exited bankruptcy with plans to restructure over a year ago.
Party City filed for bankruptcy Saturday for the second time in less than two years. The filing comes after the retailer told employees Friday it would begin “winding down” operations.
The party may be winding down.. Party City is planning to file for its second bankruptcy in nearly two years as the company’s sales figures continue to struggle, according to a report.
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.
The announcement comes after Party City was acquired earlier this year for $20 million in a bankruptcy auction by a New Amscan, an affiliate of Ad Populum, a global producer and distributor of pop ...
While At Home said most of its stores will remain open after filing for bankruptcy, the company revealed 26 'underperforming' locations it plans to shut down.
The chain reportedly missed a key critical interest payment in May and has until June 30 to decide on bankruptcy.
Books-A-Million is planning to open another Houston area location in the former New Caney Party City building.