Party City, a storied supplier of party supplies since 1986, has announced its permanent closure, beginning a phased wind-down process that will last until February 2025.
With the announcement of its closure, Party City will leave behind a significant legacy of providing balloons, costumes, and accessories for celebrations, employing over 16,000 people at its peak.
In an internal letter, store managers were informed about the store closures across the United States by the end of February 2025, yet the full extent remains unclear.
While store managers may retain pay and benefits during the wind-down, the immediate layoffs of corporate employees and distribution center workers raise concerns about employment stability.
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